Telephone and Data Systems (NYSE:TDS) Announces Quarterly Earnings Results

Telephone and Data Systems (NYSE:TDS) posted its quarterly earnings data on Friday. The Wireless communications provider reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.15, RTT News reports. Telephone and Data Systems had a positive return on equity of 0.73% and a negative net margin of 9.31%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm earned ($0.16) earnings per share. The business’s revenue was down 4.2% on a year-over-year basis.

Telephone and Data Systems Trading Down 7.6 %

TDS stock traded down $2.27 during midday trading on Friday, reaching $27.48. The stock had a trading volume of 1,625,400 shares, compared to its average volume of 984,933. The company has a quick ratio of 1.37, a current ratio of 1.51 and a debt-to-equity ratio of 0.84. Telephone and Data Systems has a twelve month low of $13.69 and a twelve month high of $30.44. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of -5.69 and a beta of 0.77. The business has a fifty day simple moving average of $24.58 and a two-hundred day simple moving average of $21.28.

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.04 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.58%. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -3.31%.

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.