Analysts Expect CenturyLink, Inc. (NYSE:CTL) to Announce $0.49 Earnings Per Share
Wall Street brokerages forecast that CenturyLink, Inc. (NYSE:CTL) will report $0.49 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for CenturyLink’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.47. CenturyLink posted earnings per share of $0.63 in the same quarter last year, which would suggest a negative year-over-year growth rate of 22.2%. The firm is expected to issue its next earnings report after the market closes on Wednesday, August 2nd.
On average, analysts expect that CenturyLink will report full-year earnings of $2.11 per share for the current year, with EPS estimates ranging from $2.03 to $2.22. For the next financial year, analysts forecast that the firm will post earnings of $1.97 per share, with EPS estimates ranging from $1.58 to $2.25. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for CenturyLink.
CenturyLink (NYSE:CTL) last released its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.01. CenturyLink had a return on equity of 8.96% and a net margin of 3.20%. The business had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the company earned $0.71 earnings per share. The firm’s revenue was down 4.4% compared to the same quarter last year.
Several brokerages have recently issued reports on CTL. Morgan Stanley reiterated an “overweight” rating and issued a $27.00 price objective on shares of CenturyLink in a research note on Wednesday, March 29th. Vetr cut CenturyLink from a “buy” rating to a “hold” rating and set a $25.27 price objective for the company. in a research note on Thursday, April 6th. Zacks Investment Research upgraded CenturyLink from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. Cowen and Company set a $25.00 price objective on CenturyLink and gave the company a “market perform” rating in a research note on Thursday, May 4th. Finally, Jefferies Group LLC decreased their price objective on CenturyLink from $26.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, May 4th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $26.22.
Several large investors have recently modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in shares of CenturyLink by 5.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 19,062 shares of the technology company’s stock valued at $454,000 after buying an additional 1,067 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of CenturyLink during the fourth quarter valued at $3,570,000. UBS Asset Management Americas Inc. raised its stake in shares of CenturyLink by 10.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,036,768 shares of the technology company’s stock valued at $48,434,000 after buying an additional 185,251 shares during the period. M Holdings Securities Inc. raised its stake in shares of CenturyLink by 72.3% in the fourth quarter. M Holdings Securities Inc. now owns 14,100 shares of the technology company’s stock valued at $335,000 after buying an additional 5,918 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of CenturyLink by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 1,224,363 shares of the technology company’s stock valued at $29,115,000 after buying an additional 21,072 shares during the period. 77.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of CenturyLink (NYSE CTL) opened at 23.37 on Monday. CenturyLink has a 1-year low of $22.26 and a 1-year high of $33.45. The company has a 50-day moving average of $24.62 and a 200-day moving average of $24.62. The stock has a market capitalization of $12.83 billion, a price-to-earnings ratio of 22.91 and a beta of 0.88.
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.
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