Zacks: Brokerages Anticipate Telephone & Data Systems, Inc. (NYSE:TDS) Will Post Quarterly Sales of $1.30 Billion

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Equities analysts predict that Telephone & Data Systems, Inc. (NYSE:TDS) will announce sales of $1.30 billion for the current quarter, Zacks reports. Three analysts have provided estimates for Telephone & Data Systems’ earnings, with the highest sales estimate coming in at $1.31 billion and the lowest estimate coming in at $1.30 billion. Telephone & Data Systems also posted sales of $1.30 billion in the same quarter last year. The firm is scheduled to report its next quarterly earnings report on Friday, November 1st.

According to Zacks, analysts expect that Telephone & Data Systems will report full-year sales of $5.15 billion for the current year, with estimates ranging from $5.14 billion to $5.15 billion. For the next year, analysts anticipate that the firm will report sales of $5.24 billion, with estimates ranging from $5.19 billion to $5.29 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Telephone & Data Systems.

Telephone & Data Systems (NYSE:TDS) last announced its quarterly earnings data on Thursday, August 1st. The Wireless communications provider reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). Telephone & Data Systems had a return on equity of 2.89% and a net margin of 2.99%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the business posted $0.29 EPS. Telephone & Data Systems’s revenue was up .5% compared to the same quarter last year.

A number of brokerages have recently issued reports on TDS. Morgan Stanley raised Telephone & Data Systems from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $33.00 to $47.50 in a report on Tuesday, June 18th. JPMorgan Chase & Co. raised Telephone & Data Systems from an “underweight” rating to a “neutral” rating and dropped their target price for the stock from $32.00 to $31.00 in a report on Monday, August 5th. Zacks Investment Research raised Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, July 2nd. TheStreet raised Telephone & Data Systems from a “c+” rating to a “b-” rating in a report on Wednesday, July 31st. Finally, ValuEngine cut Telephone & Data Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $37.70.

Shares of TDS stock traded up $0.39 during mid-day trading on Tuesday, reaching $24.81. The stock had a trading volume of 791,600 shares, compared to its average volume of 857,455. The firm’s 50 day simple moving average is $30.10 and its 200 day simple moving average is $31.55. The company has a quick ratio of 2.24, a current ratio of 2.41 and a debt-to-equity ratio of 0.62. Telephone & Data Systems has a one year low of $24.36 and a one year high of $37.29. The firm has a market cap of $2.80 billion, a PE ratio of 21.21 and a beta of 1.03.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.66%. Telephone & Data Systems’s payout ratio is presently 56.41%.

In other news, insider Scott H. Williamson sold 33,647 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $32.90, for a total value of $1,106,986.30. Following the completion of the transaction, the insider now directly owns 55,881 shares of the company’s stock, valued at approximately $1,838,484.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Clarence A. Davis sold 2,410 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $30.18, for a total value of $72,733.80. Following the completion of the transaction, the director now directly owns 9,500 shares of the company’s stock, valued at $286,710. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,003 shares of company stock valued at $1,948,100. 14.33% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Telephone & Data Systems by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,420,433 shares of the Wireless communications provider’s stock worth $274,001,000 after buying an additional 305,937 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of Telephone & Data Systems by 30.8% during the fourth quarter. Macquarie Group Ltd. now owns 1,700 shares of the Wireless communications provider’s stock worth $55,000 after buying an additional 400 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Telephone & Data Systems by 30.8% during the fourth quarter. Geode Capital Management LLC now owns 1,421,622 shares of the Wireless communications provider’s stock worth $46,258,000 after buying an additional 334,975 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Telephone & Data Systems by 28.2% during the first quarter. State of Alaska Department of Revenue now owns 13,466 shares of the Wireless communications provider’s stock worth $413,000 after buying an additional 2,964 shares in the last quarter. Finally, First Citizens Bank & Trust Co. grew its holdings in shares of Telephone & Data Systems by 15.5% during the first quarter. First Citizens Bank & Trust Co. now owns 11,158 shares of the Wireless communications provider’s stock worth $343,000 after buying an additional 1,495 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

About Telephone & Data Systems

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

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