Telephone and Data Systems (NYSE:TDS) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Telephone and Data Systems (NYSE:TDS) released its earnings results on Friday. The Wireless communications provider reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.15, RTT News reports. Telephone and Data Systems had a negative net margin of 9.69% and a positive return on equity of 0.21%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the firm earned ($0.08) EPS. The company’s revenue was down 3.1% compared to the same quarter last year.

Telephone and Data Systems Stock Performance

NYSE:TDS opened at $14.36 on Friday. The company’s 50 day moving average price is $15.61 and its 200-day moving average price is $17.39. Telephone and Data Systems has a 52 week low of $6.43 and a 52 week high of $21.75. The company has a current ratio of 1.40, a quick ratio of 1.23 and a debt-to-equity ratio of 0.83.

Telephone and Data Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.19 per share. This is an increase from Telephone and Data Systems’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.29%. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -15.61%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th.

About Telephone and Data Systems

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.