Nucor earnings beat by $0.08, revenue fell short of estimates
Telephone and Data Systems Inc . (NYSE:TDS) stock reached a significant milestone, hitting a 52-week high at 41.4 USD. According to InvestingPro data, the stock is currently trading above its Fair Value, with a market capitalization of $4.6 billion and impressive momentum scores. This marks a notable achievement for the company, reflecting strong investor confidence over the past year. The stock’s impressive performance is underscored by a substantial 1-year return of 95.74%, indicating robust growth and positive market sentiment. With a 52-year track record of consecutive dividend payments and a current ratio of 1.74 showing strong liquidity, investors have been closely monitoring TDS, and the recent high suggests continued optimism about the company’s future prospects. InvestingPro subscribers can access 8 additional key insights about TDS’s financial health and growth potential.
In other recent news, United States Cellular (NYSE:USM) Corporation announced plans to rename itself Array Digital Infrastructure, Inc. after completing its wireless operations sale to T-Mobile US (NASDAQ:TMUS), Inc. This transaction is expected to close on August 1, 2025, subject to certain conditions. Following the sale, UScellular plans to issue a special cash dividend ranging from $22.50 to $23.75 per share, amounting to between $1.95 billion and $2.075 billion. This dividend is contingent upon the transaction closing and board approval. The U.S. Department of Justice has closed its antitrust investigation into the proposed transaction, although the deal still requires approval from the Federal Communications Commission.
Additionally, Telephone & Data Systems Inc., the parent company of UScellular, announced a CEO transition agreement. James W. Butman stepped down as President and CEO of TDS Telecommunications LLC and will receive a lump sum payment of $2,000,000 as part of his departure agreement. Furthermore, UScellular entered into a Fourth Amended and Restated Credit Agreement with CoBank, ACB, and a group of lenders, creating a direct financial obligation for the company. These developments indicate significant changes and strategic moves for both UScellular and its parent company, Telephone & Data Systems Inc.
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