Telephone and Data Systems (NYSE:TDS – Get Free Report) released its quarterly earnings results on Friday. The Wireless communications provider reported ($0.13) EPS for the quarter, hitting analysts’ consensus estimates of ($0.13), Briefing.com reports. Telephone and Data Systems had a positive return on equity of 0.62% and a negative net margin of 9.36%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the company earned ($0.17) EPS. Telephone and Data Systems’s revenue for the quarter was down 2.3% on a year-over-year basis.
Telephone and Data Systems Stock Down 5.2 %
NYSE TDS traded down $1.10 during trading hours on Friday, hitting $20.01. 1,163,811 shares of the company traded hands, compared to its average volume of 1,137,616. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of -4.09 and a beta of 0.84. Telephone and Data Systems has a twelve month low of $7.64 and a twelve month high of $23.35. The business’s 50-day moving average is $20.46 and its 200-day moving average is $18.10. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.40 and a current ratio of 1.58.
Telephone and Data Systems Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, June 14th. Telephone and Data Systems’s payout ratio is -3.29%.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on Telephone and Data Systems
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.
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