CenturyLink, Inc. (CTL) to Release Earnings on Monday
CenturyLink, Inc. (NYSE:CTL) will issue its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. CenturyLink has set its Q3 guidance at $0.44-0.50 EPS.
CenturyLink (NYSE:CTL) last announced its quarterly 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 net margin of 2.20% and a return on equity of 8.43%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the company earned $0.63 earnings per share. The business’s revenue was down 7.0% on a year-over-year basis. On average, analysts expect CenturyLink to post $1.94 EPS for the current fiscal year and $1.85 EPS for the next fiscal year.
Shares of CenturyLink, Inc. (NYSE:CTL) opened at 19.04 on Monday. The company has a market capitalization of $10.46 billion, a PE ratio of 27.59 and a beta of 0.89. CenturyLink, Inc. has a 12 month low of $18.17 and a 12 month high of $33.45. The firm has a 50-day moving average price of $19.26 and a 200-day moving average price of $22.72.
CTL has been the subject of several research analyst reports. Barclays PLC lowered their price objective on shares of CenturyLink from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Thursday, June 29th. Cowen and Company lifted their target price on shares of CenturyLink from $25.00 to $27.00 and gave the company a “market perform” rating in a report on Wednesday, July 5th. BidaskClub lowered shares of CenturyLink from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. ValuEngine upgraded shares of CenturyLink from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Finally, Morgan Stanley lowered their target price on shares of CenturyLink from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, August 23rd. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.94.
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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