Telephone & Data Systems (TDS) Set to Announce Quarterly Earnings on Friday

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Telephone & Data Systems (NYSE:TDS) is set to announce its earnings results before the market opens on Friday, November 2nd. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Telephone & Data Systems (NYSE:TDS) last issued its quarterly earnings data on Friday, August 3rd. The Wireless communications provider reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. Telephone & Data Systems had a return on equity of 1.98% and a net margin of 3.53%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company earned $0.09 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts expect Telephone & Data Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of TDS stock opened at $30.44 on Wednesday. Telephone & Data Systems has a 1-year low of $23.54 and a 1-year high of $33.33. The stock has a market cap of $3.34 billion, a P/E ratio of 57.43 and a beta of 0.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.75 and a current ratio of 2.96.

A number of equities research analysts recently weighed in on TDS shares. Zacks Investment Research raised Telephone & Data Systems from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a research report on Tuesday, July 3rd. JPMorgan Chase & Co. downgraded Telephone & Data Systems from a “neutral” rating to an “underweight” rating and set a $34.00 price objective on the stock. in a research report on Wednesday, July 11th. ValuEngine downgraded Telephone & Data Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Finally, Citigroup raised their price objective on Telephone & Data Systems from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $36.00.

In other Telephone & Data Systems news, CEO James W. Butman sold 37,280 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $30.43, for a total value of $1,134,430.40. Following the completion of the sale, the chief executive officer now owns 40,561 shares of the company’s stock, valued at $1,234,271.23. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Douglas W. Chambers sold 4,340 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $29.40, for a total value of $127,596.00. Following the completion of the sale, the chief accounting officer now directly owns 10,545 shares of the company’s stock, valued at approximately $310,023. The disclosure for this sale can be found here. In the last three months, insiders sold 204,597 shares of company stock valued at $6,192,444. Corporate insiders own 16.27% of the company’s stock.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans.

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Earnings History for Telephone & Data Systems (NYSE:TDS)

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