$1.34 Billion in Sales Expected for Telephone and Data Systems, Inc. (NYSE:TDS) This Quarter

Wall Street brokerages predict that Telephone and Data Systems, Inc. (NYSE:TDS) will post sales of $1.34 billion for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Telephone and Data Systems’ earnings. The highest sales estimate is $1.35 billion and the lowest is $1.33 billion. Telephone and Data Systems reported sales of $1.32 billion in the same quarter last year, which would indicate a positive year over year growth rate of 1.5%. The firm is expected to report its next earnings report on Thursday, November 4th.

According to Zacks, analysts expect that Telephone and Data Systems will report full year sales of $5.41 billion for the current financial year, with estimates ranging from $5.34 billion to $5.54 billion. For the next year, analysts anticipate that the firm will report sales of $5.50 billion, with estimates ranging from $5.39 billion to $5.66 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Telephone and Data Systems.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings results on Thursday, August 5th. The Wireless communications provider reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.06). The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. Telephone and Data Systems had a return on equity of 3.17% and a net margin of 3.34%.

Several research analysts have issued reports on the stock. Raymond James lifted their price target on shares of Telephone and Data Systems from $32.00 to $33.00 and gave the stock a “strong-buy” rating in a research report on Monday, August 9th. JPMorgan Chase & Co. lowered shares of Telephone and Data Systems from a “neutral” rating to an “underweight” rating and set a $23.00 price target on the stock. in a research report on Monday, August 2nd. Zacks Investment Research upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating and set a $26.00 price target on the stock in a research report on Tuesday, July 6th. Finally, TheStreet lowered shares of Telephone and Data Systems from a “b-” rating to a “c+” rating in a research report on Wednesday, August 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $29.07.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new position in shares of Telephone and Data Systems during the 2nd quarter valued at $34,000. Quantbot Technologies LP purchased a new position in shares of Telephone and Data Systems during the 1st quarter valued at $37,000. Bbva USA purchased a new position in shares of Telephone and Data Systems during the 2nd quarter valued at $50,000. FORA Capital LLC grew its holdings in shares of Telephone and Data Systems by 27.7% during the 1st quarter. FORA Capital LLC now owns 2,266 shares of the Wireless communications provider’s stock valued at $52,000 after acquiring an additional 492 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Telephone and Data Systems by 1,190.8% during the 1st quarter. Captrust Financial Advisors now owns 2,517 shares of the Wireless communications provider’s stock valued at $58,000 after acquiring an additional 2,322 shares in the last quarter. Hedge funds and other institutional investors own 81.65% of the company’s stock.

Telephone and Data Systems stock opened at $19.24 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.83 and a current ratio of 2.02. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 13.45 and a beta of 1.13. Telephone and Data Systems has a 1 year low of $16.38 and a 1 year high of $26.51. The firm’s 50 day moving average price is $19.80 and its two-hundred day moving average price is $22.38.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend was Tuesday, September 14th. Telephone and Data Systems’s payout ratio is 36.27%.

About Telephone and Data Systems

Telephone & Data Systems, Inc engages in the provision of wire line and cable broadband, video and voice services. It operates through the following segments: U.S. Cellular, Telephone and Data Systems (TDS) Telecom’s Wireline and Cable. The U.S. Cellular segment provides service to postpaid and prepaid customers from a variety of demographic segments.

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