Zacks: Analysts Expect CenturyLink, Inc. (CTL) Will Post Earnings of $0.25 Per Share

Brokerages expect CenturyLink, Inc. (NYSE:CTL) to post earnings of $0.25 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for CenturyLink’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.31. CenturyLink reported earnings per share of $0.54 during the same quarter last year, which suggests a negative year-over-year growth rate of 53.7%. The firm is expected to report its next earnings report on Wednesday, February 14th.

On average, analysts expect that CenturyLink will report full-year earnings of $1.60 per share for the current year, with EPS estimates ranging from $1.47 to $1.72. For the next year, analysts expect that the business will report earnings of $1.15 per share, with EPS estimates ranging from $0.50 to $1.51. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow CenturyLink.

CenturyLink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). CenturyLink had a return on equity of 7.99% and a net margin of 1.89%. The company had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter last year, the company earned $0.56 earnings per share. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year.

A number of research firms have commented on CTL. UBS decreased their price target on CenturyLink from $29.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, November 9th. Cowen reiterated a “hold” rating and issued a $24.00 price target on shares of CenturyLink in a research note on Thursday, October 19th. Bank of America decreased their price target on CenturyLink from $42.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, November 10th. Zacks Investment Research cut CenturyLink from a “hold” rating to a “strong sell” rating in a research note on Friday, August 25th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $16.00 price target on shares of CenturyLink in a research note on Thursday, November 9th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $23.07.

CenturyLink (CTL) traded down $0.29 during trading on Friday, reaching $14.30. The company’s stock had a trading volume of 15,649,019 shares, compared to its average volume of 16,309,058. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82. CenturyLink has a 52 week low of $13.16 and a 52 week high of $27.61. The stock has a market capitalization of $15,596.75, a PE ratio of 7.52, a PEG ratio of -4.56 and a beta of 0.81.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 15.10%. The ex-dividend date of this dividend is Friday, November 24th. CenturyLink’s dividend payout ratio is presently 372.42%.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of CenturyLink by 22.6% in the second quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock valued at $1,369,547,000 after purchasing an additional 10,583,246 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of CenturyLink by 6.2% in the third quarter. Dimensional Fund Advisors LP now owns 10,289,893 shares of the technology company’s stock valued at $194,498,000 after purchasing an additional 600,462 shares during the period. Northern Trust Corp increased its holdings in shares of CenturyLink by 1.4% in the second quarter. Northern Trust Corp now owns 6,978,167 shares of the technology company’s stock valued at $166,639,000 after purchasing an additional 95,821 shares during the period. Capital World Investors acquired a new position in shares of CenturyLink in the second quarter valued at about $142,086,000. Finally, Epoch Investment Partners Inc. increased its holdings in shares of CenturyLink by 11.0% in the third quarter. Epoch Investment Partners Inc. now owns 5,521,373 shares of the technology company’s stock valued at $104,354,000 after purchasing an additional 546,435 shares during the period. 82.32% of the stock is currently owned by institutional investors and hedge funds.

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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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