TDS (TDS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
I am lowering my rating for Telephone and Data Systems stock from buy to hold, as the stock is now fairly valued with balanced upside and downside risk. The primary focus is on the US Cellular sale to T-Mobile, which could significantly impact TDS's valuation and shareholder returns. TDS's Q4 2024 earnings are expected to show sequentially improved EPS and revenue, with no major surprises anticipated.
TDS (TDS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
TDS preferred shares trade below par, offering an attractive yield for income investors, with potential for price appreciation and dividends. TDS is monetizing assets, including US Cellular and spectrum sales, to reduce risk and strengthen its balance sheet. Strategic asset sales to T-Mobile and Verizon are expected to generate significant cash, reduce leverage, and support fiber network investment.
Competitive price rates and steady fiber network expansion are key growth drivers for Telephone and Data Systems.
Telephone and Data Systems, Inc. (NYSE:TDS ) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants Colleen Thompson - Vice President, Corporate Relations Vicki Villacrez - Executive Vice President and CFO, TDS LT Therivel - President and CEO, UScellular Doug Chambers - Executive Vice President, Chief Financial Officer and Treasurer, UScellular Michelle Brukwicki - Senior Vice President, Finance and CFO, TDS Telecom Conference Call Participants Ric Prentiss - Raymond James Sebastiano Petti - J.P. Morgan Sergey Dluzhevskiy - Gamco Investors Operator Thank you for standing by.
TDS reports a top-line decline year over year in the third quarter due to weakness in U.S. Cellular vertical. Healthy growth in the TDS Telecom segment is a tailwind.
Telephone & Data Systems (TDS) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.14 per share. This compares to loss of $0.16 per share a year ago.
Telephone and Data Systems completes divestiture of its subsidiary OneNeck to US Signal Company to boost fiber program.
Telephone and Data Systems (TDS) aims to divest its Texas cable operations to focus on core markets.
Telephone and Data Systems (TDS) reports a revenue decline year over year owing to weakness in the U.S. Cellular segment. Growth in residential broadband connections is a tailwind.
Telephone and Data Systems, Inc. (NYSE:TDS ) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Colleen Thompson - Vice President of Corporate Relations Vicki L. Villacrez - Executive Vice President and Chief Financial Officer LT Therivel - President and Chief Executive Officer, UScellular Doug Chambers - Executive Vice President, Chief Financial Officer & Treasurer Michelle Brukwicki - Senior Vice President of Finance and Chief Financial Officer, TDS Telecom Conference Call Participants Ric Prentiss - Raymond James Sergey Dluzhevskiy - Gamco Investors Jonathan Atkin - RBC Operator Ladies and gentlemen, thank you for standing by.