Telephone and Data Systems (NYSE:TDS) Posts Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Telephone and Data Systems (NYSE:TDS) posted its earnings results on Friday. The Wireless communications provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.19, RTT News reports. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.16) EPS.

Telephone and Data Systems Trading Up 2.2 %

NYSE:TDS opened at $28.08 on Tuesday. Telephone and Data Systems has a 12 month low of $13.69 and a 12 month high of $30.44. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average is $24.70 and its 200 day moving average is $21.46.

Telephone and Data Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Monday, September 16th. Telephone and Data Systems’s dividend payout ratio is currently -2.96%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their target price on Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.