Key Points
- Insider sale: CAO Anita Kroll sold 870 shares of Telephone and Data Systems on November 11 at an average price of $39.16, totaling $34,069.20 (transaction disclosed in an SEC filing).
- Quarterly results mixed: TDS reported $0.07 EPS (beating the -$0.06 estimate) but revenue of $308.52 million well below the $1.16 billion expectation, with revenue down 5.8% year-over-year and a negative net margin.
- Market and analyst view: The stock traded down about 1.4% to $39.17 on low volume, the company has a market cap of ~$4.5 billion, and analysts carry a consensus "Buy" with an average price target of $52.00.
Telephone and Data Systems, Inc. (NYSE:TDS - Get Free Report) CAO Anita Kroll sold 870 shares of Telephone and Data Systems stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $39.16, for a total value of $34,069.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Telephone and Data Systems Stock Down 1.4%
TDS stock traded down $0.55 during mid-day trading on Thursday, hitting $39.17. The stock had a trading volume of 61,985 shares, compared to its average volume of 1,028,585. Telephone and Data Systems, Inc. has a 1-year low of $30.38 and a 1-year high of $42.74. The company has a fifty day moving average of $38.72 and a 200 day moving average of $37.30. The company has a current ratio of 1.78, a quick ratio of 1.65 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of -40.41 and a beta of 0.35.
Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its quarterly earnings results on Friday, November 7th. The Wireless communications provider reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.13. The business had revenue of $308.52 million during the quarter, compared to analysts' expectations of $1.16 billion. Telephone and Data Systems had a positive return on equity of 0.92% and a negative net margin of 0.85%.The firm's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.73) EPS. On average, equities analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. Bessemer Group Inc. boosted its holdings in shares of Telephone and Data Systems by 65.6% in the 3rd quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 277 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Telephone and Data Systems by 121.3% during the third quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider's stock worth $31,000 after purchasing an additional 455 shares during the last quarter. Assetmark Inc. increased its stake in shares of Telephone and Data Systems by 53.1% in the second quarter. Assetmark Inc. now owns 1,297 shares of the Wireless communications provider's stock valued at $46,000 after buying an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Telephone and Data Systems by 191.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider's stock valued at $47,000 after buying an additional 861 shares during the last quarter. Finally, Bayforest Capital Ltd lifted its position in Telephone and Data Systems by 121.8% during the 1st quarter. Bayforest Capital Ltd now owns 1,342 shares of the Wireless communications provider's stock worth $52,000 after buying an additional 737 shares in the last quarter. Institutional investors own 80.00% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on TDS shares. Raymond James Financial increased their price target on Telephone and Data Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Weiss Ratings raised Telephone and Data Systems from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, November 7th. Zacks Research upgraded Telephone and Data Systems from a "hold" rating to a "strong-buy" rating in a report on Friday, November 7th. JPMorgan Chase & Co. raised their target price on Telephone and Data Systems from $53.00 to $54.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen raised shares of Telephone and Data Systems from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Telephone and Data Systems currently has a consensus rating of "Buy" and an average price target of $52.00.
Read Our Latest Stock Analysis on TDS
Telephone and Data Systems Company Profile
(
Get Free Report)
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.
Further Reading
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