Equities research analysts forecast that CenturyLink, Inc. (NYSE:CTL) will report earnings per share (EPS) of $0.46 for the current quarter, according to Zacks. Seven analysts have provided estimates for CenturyLink’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.51. CenturyLink posted earnings of $0.56 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 17.9%. The business is scheduled to announce its next quarterly earnings results on Monday, October 30th.

On average, analysts expect that CenturyLink will report full year earnings of $1.97 per share for the current year, with EPS estimates ranging from $1.91 to $2.06. For the next year, analysts expect that the business will report earnings of $1.80 per share, with EPS estimates ranging from $1.27 to $2.09. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover CenturyLink.

CenturyLink (NYSE:CTL) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the business earned $0.63 EPS. The business’s revenue for the quarter was down 7.0% on a year-over-year basis.

A number of equities research analysts have commented on the company. UBS AG set a $29.00 target price on CenturyLink and gave the company a “buy” rating in a research report on Thursday, June 22nd. BidaskClub downgraded CenturyLink from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Royal Bank Of Canada restated a “hold” rating and issued a $25.00 target price on shares of CenturyLink in a research report on Thursday, May 25th. ValuEngine upgraded CenturyLink from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Finally, Cowen and Company restated a “neutral” rating on shares of CenturyLink in a research report on Monday, August 14th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $26.15.

Several hedge funds have recently bought and sold shares of the stock. Eaton Vance Management raised its holdings in shares of CenturyLink by 0.5% in the 2nd quarter. Eaton Vance Management now owns 12,640 shares of the technology company’s stock valued at $302,000 after buying an additional 57 shares during the period. Cleararc Capital Inc. raised its holdings in shares of CenturyLink by 0.7% in the 1st quarter. Cleararc Capital Inc. now owns 13,386 shares of the technology company’s stock valued at $316,000 after buying an additional 93 shares during the period. Wellington Shields & Co. LLC raised its holdings in shares of CenturyLink by 1.1% in the 2nd quarter. Wellington Shields & Co. LLC now owns 9,202 shares of the technology company’s stock valued at $220,000 after buying an additional 99 shares during the period. FTB Advisors Inc. raised its holdings in shares of CenturyLink by 0.9% in the 2nd quarter. FTB Advisors Inc. now owns 12,348 shares of the technology company’s stock valued at $268,000 after buying an additional 116 shares during the period. Finally, First Manhattan Co. raised its holdings in shares of CenturyLink by 0.3% in the 2nd quarter. First Manhattan Co. now owns 37,199 shares of the technology company’s stock valued at $888,000 after buying an additional 126 shares during the period. Hedge funds and other institutional investors own 83.02% of the company’s stock.

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Shares of CenturyLink (NYSE CTL) opened at 18.98 on Friday. CenturyLink has a 1-year low of $18.19 and a 1-year high of $33.45. The stock has a market cap of $10.43 billion, a price-to-earnings ratio of 27.51 and a beta of 0.89. The firm has a 50-day moving average price of $20.59 and a 200-day moving average price of $23.41.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, September 5th were issued a $0.54 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $2.16 annualized dividend and a dividend yield of 11.38%. CenturyLink’s dividend payout ratio is presently 313.04%.

CenturyLink Company Profile

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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Earnings History and Estimates for CenturyLink (NYSE:CTL)

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