Wall Street analysts expect that Centurylink Inc (NYSE:CTL) will announce earnings per share of $0.23 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Centurylink’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.18. Centurylink reported earnings of $0.46 per share during the same quarter last year, which indicates a negative year over year growth rate of 50%. The firm is expected to issue its next quarterly earnings results after the market closes on Wednesday, August 8th.
On average, analysts expect that Centurylink will report full year earnings of $0.93 per share for the current fiscal year, with EPS estimates ranging from $0.84 to $1.00. For the next financial year, analysts forecast that the business will report earnings of $1.06 per share, with EPS estimates ranging from $0.82 to $1.45. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Centurylink.
Get Centurylink alerts:Centurylink (NYSE:CTL) last released its earnings results on Wednesday, May 9th. The technology company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.06. The firm had revenue of $5.95 billion during the quarter, compared to analyst estimates of $5.97 billion. Centurylink had a return on equity of 4.94% and a net margin of 6.92%. The business’s quarterly revenue was up 41.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share.
Several equities research analysts have commented on the company. TheStreet upgraded Centurylink from a “c+” rating to a “b” rating in a research note on Friday, July 6th. Bank of America restated a “buy” rating and set a $27.00 price target on shares of Centurylink in a research note on Wednesday, May 16th. Macquarie lowered Centurylink from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $27.61 to $18.00 in a research note on Wednesday, May 16th. Jefferies Financial Group upgraded Centurylink from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. Finally, ValuEngine lowered Centurylink from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $21.00.
In related news, Director Steven T. Clontz bought 41,000 shares of the stock in a transaction dated Friday, May 11th. The stock was acquired at an average price of $19.44 per share, for a total transaction of $797,040.00. Following the completion of the purchase, the director now owns 162,019 shares in the company, valued at $3,149,649.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of CTL. Ballew Advisors Inc acquired a new stake in shares of Centurylink in the first quarter valued at about $101,000. Archford Capital Strategies LLC acquired a new stake in shares of Centurylink in the first quarter valued at about $130,000. Bedel Financial Consulting Inc. acquired a new stake in shares of Centurylink in the first quarter valued at about $136,000. Private Capital Group LLC grew its stake in shares of Centurylink by 295.1% in the first quarter. Private Capital Group LLC now owns 8,783 shares of the technology company’s stock valued at $144,000 after buying an additional 6,560 shares in the last quarter. Finally, Fairfield Bush & CO. acquired a new stake in shares of Centurylink in the first quarter valued at about $150,000. Institutional investors and hedge funds own 78.46% of the company’s stock.
Centurylink stock traded down $0.05 during trading on Friday, hitting $19.58. The company’s stock had a trading volume of 76,562 shares, compared to its average volume of 6,433,678. The firm has a market capitalization of $21.16 billion, a P/E ratio of 13.35, a PEG ratio of -14.08 and a beta of 0.79. Centurylink has a 1-year low of $13.16 and a 1-year high of $23.78. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.58.
Centurylink Company Profile
CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.
Further Reading: Book Value Of Equity Per Share �� BVPS Explained
Get a free copy of the Zacks research report on Centurylink (CTL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
No comments:
Post a Comment