CenturyLink, Inc. (CTL) Expected to Announce Earnings of $0.45 Per Share
Wall Street brokerages predict that CenturyLink, Inc. (NYSE:CTL) will announce earnings of $0.45 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for CenturyLink’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.48. CenturyLink posted earnings per share of $0.56 during the same quarter last year, which indicates a negative year-over-year growth rate of 19.6%. The business is scheduled to announce its next earnings report on Monday, October 30th.
On average, analysts expect that CenturyLink will report full-year earnings of $1.96 per share for the current fiscal year, with EPS estimates ranging from $1.91 to $2.05. For the next fiscal year, analysts forecast that the business will post earnings of $1.80 per share, with EPS estimates ranging from $1.27 to $2.07. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow CenturyLink.
CenturyLink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.09 billion. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The company’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 EPS.
A number of research analysts have commented on the stock. BidaskClub cut shares of CenturyLink from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Cowen and Company reaffirmed a “hold” rating and issued a $24.00 target price on shares of CenturyLink in a research report on Thursday, October 19th. ValuEngine raised shares of CenturyLink from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $22.00 target price on shares of CenturyLink in a research report on Tuesday, October 3rd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $25.00 target price on shares of CenturyLink in a research report on Monday, September 18th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.94.
CenturyLink (NYSE:CTL) traded down 0.32% on Tuesday, reaching $18.74. 7,015,078 shares of the company traded hands. The stock has a 50 day moving average of $19.23 and a 200-day moving average of $22.66. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 27.16 and a beta of 0.89. CenturyLink has a 1-year low of $18.17 and a 1-year high of $33.45.
Several institutional investors and hedge funds have recently modified their holdings of CTL. Wellington Management Group LLP lifted its position in shares of CenturyLink by 41.8% during the first quarter. Wellington Management Group LLP now owns 580,674 shares of the technology company’s stock worth $13,686,000 after purchasing an additional 171,073 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of CenturyLink by 5.9% during the first quarter. Thrivent Financial For Lutherans now owns 20,192 shares of the technology company’s stock worth $476,000 after purchasing an additional 1,130 shares in the last quarter. Lucus Advisors LLC acquired a new stake in shares of CenturyLink during the first quarter worth about $413,000. Schwab Charles Investment Management Inc. lifted its position in shares of CenturyLink by 4.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 2,141,149 shares of the technology company’s stock worth $50,467,000 after purchasing an additional 98,162 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of CenturyLink by 22.5% during the first quarter. Oppenheimer & Co. Inc. now owns 425,664 shares of the technology company’s stock worth $10,032,000 after purchasing an additional 78,076 shares in the last quarter. 83.28% of the stock is currently owned by institutional investors and hedge funds.
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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