Telephone and Data Systems (NYSE:TDS) Issues Quarterly Earnings Results

Telephone and Data Systems (NYSE:TDS) issued its earnings results on Friday. The Wireless communications provider reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.15, RTT News reports. Telephone and Data Systems had a negative net margin of 9.31% and a positive return on equity of 0.73%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company earned ($0.16) earnings per share. The firm’s revenue was down 4.2% compared to the same quarter last year.

Telephone and Data Systems Price Performance

NYSE TDS traded down $2.27 on Friday, reaching $27.48. 1,625,400 shares of the stock traded hands, compared to its average volume of 984,933. 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 1.37, a current ratio of 1.51 and a debt-to-equity ratio of 0.84. The company has a market cap of $3.11 billion, a price-to-earnings ratio of -5.69 and a beta of 0.77. The firm’s fifty day simple moving average is $24.58 and its 200 day simple moving average is $21.28.

Telephone and Data Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.58%. The ex-dividend date was Monday, September 16th. Telephone and Data Systems’s dividend payout ratio is currently -3.31%.

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.