Q2 2017 EPS Estimates for CenturyLink, Inc. (NYSE:CTL) Raised by Analyst
CenturyLink, Inc. (NYSE:CTL) – Analysts at Oppenheimer Holdings boosted their Q2 2017 EPS estimates for CenturyLink in a report released on Tuesday. Oppenheimer Holdings analyst T. Horan now forecasts that the technology company will post earnings of $0.50 per share for the quarter, up from their previous estimate of $0.48. Oppenheimer Holdings also issued estimates for CenturyLink’s Q4 2017 earnings at $0.55 EPS and FY2017 earnings at $2.05 EPS.
CenturyLink (NYSE:CTL) last issued its earnings results on Wednesday, May 3rd. The technology company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.01. The company had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.27 billion. CenturyLink had a net margin of 3.20% and a return on equity of 8.96%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 earnings per share. TRADEMARK VIOLATION NOTICE: This piece was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/13/q2-2017-eps-estimates-for-centurylink-inc-nysectl-raised-by-analyst.html.
Several other brokerages also recently weighed in on CTL. Zacks Investment Research upgraded CenturyLink from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, April 26th. ValuEngine downgraded CenturyLink from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC lowered their target price on CenturyLink from $26.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, May 4th. Cowen and Company set a $25.00 price target on CenturyLink and gave the company a “market perform” rating in a research note on Thursday, May 4th. Finally, Vetr upgraded CenturyLink from a “hold” rating to a “buy” rating and set a $27.12 price target on the stock in a research note on Monday, May 1st. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. CenturyLink presently has an average rating of “Hold” and a consensus price target of $26.01.
Shares of CenturyLink (NYSE CTL) opened at 22.50 on Thursday. The stock has a market capitalization of $12.35 billion, a price-to-earnings ratio of 22.06 and a beta of 0.88. The stock’s 50 day moving average is $25.26 and its 200-day moving average is $24.70. CenturyLink has a 52 week low of $22.33 and a 52 week high of $33.45.
Several institutional investors have recently added to or reduced their stakes in CTL. Vanguard Group Inc. boosted its position in CenturyLink by 19.4% in the first quarter. Vanguard Group Inc. now owns 46,767,917 shares of the technology company’s stock worth $1,102,321,000 after buying an additional 7,600,609 shares during the period. Wells Fargo & Company MN boosted its position in CenturyLink by 150.5% in the first quarter. Wells Fargo & Company MN now owns 5,685,844 shares of the technology company’s stock worth $134,016,000 after buying an additional 3,415,959 shares during the period. Thornburg Investment Management Inc. boosted its position in CenturyLink by 107.8% in the first quarter. Thornburg Investment Management Inc. now owns 6,521,497 shares of the technology company’s stock worth $153,712,000 after buying an additional 3,383,155 shares during the period. RidgeWorth Capital Management LLC boosted its position in CenturyLink by 110.4% in the first quarter. RidgeWorth Capital Management LLC now owns 2,464,222 shares of the technology company’s stock worth $58,082,000 after buying an additional 1,293,150 shares during the period. Finally, OppenheimerFunds Inc. boosted its position in CenturyLink by 108.3% in the first quarter. OppenheimerFunds Inc. now owns 2,196,144 shares of the technology company’s stock worth $51,763,000 after buying an additional 1,142,040 shares during the period. 77.47% of the stock is owned by institutional investors.
The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Monday, June 5th were issued a $0.54 dividend. The ex-dividend date was Thursday, June 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 9.60%. CenturyLink’s dividend payout ratio (DPR) is 211.77%.
CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include business, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and consumer, which provides strategic and legacy products and services to residential customers.
Receive News & Ratings for CenturyLink Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenturyLink Inc. and related companies with MarketBeat.com's FREE daily email newsletter.