Zacks: Analysts Anticipate CenturyLink, Inc. (CTL) Will Post Quarterly Sales of $5.69 Billion

Analysts expect that CenturyLink, Inc. (NYSE:CTL) will post $5.69 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for CenturyLink’s earnings. The lowest sales estimate is $5.39 billion and the highest is $5.98 billion. CenturyLink posted sales of $4.29 billion in the same quarter last year, which suggests a positive year over year growth rate of 32.6%. The firm is scheduled to report its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that CenturyLink will report full year sales of $5.69 billion for the current financial year, with estimates ranging from $17.72 billion to $18.31 billion. For the next fiscal year, analysts anticipate that the business will post sales of $23.98 billion per share, with estimates ranging from $23.48 billion to $24.54 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for CenturyLink.

CenturyLink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the prior year, the company posted $0.56 earnings per share. The business’s revenue was down 7.9% compared to the same quarter last year.

A number of equities research analysts have issued reports on CTL shares. Bank of America reduced their target price on shares of CenturyLink from $42.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Deutsche Bank reiterated a “hold” rating and set a $16.00 target price on shares of CenturyLink in a report on Thursday, November 9th. Zacks Investment Research upgraded shares of CenturyLink from a “sell” rating to a “hold” rating in a report on Friday, October 13th. SunTrust Banks reiterated a “hold” rating and set a $25.00 target price on shares of CenturyLink in a report on Wednesday, November 1st. Finally, ValuEngine lowered shares of CenturyLink from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Five analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. CenturyLink presently has an average rating of “Hold” and an average price target of $23.07.

CenturyLink (NYSE CTL) opened at $14.30 on Monday. The company has a market cap of $15,286.74, a P/E ratio of 7.37, a PEG ratio of -4.47 and a beta of 0.81. CenturyLink has a fifty-two week low of $13.16 and a fifty-two week high of $27.61. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.92.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be given 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 is Friday, November 24th. CenturyLink’s dividend payout ratio (DPR) is 372.42%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio boosted its stake in CenturyLink by 16.0% during the 2nd quarter. Strs Ohio now owns 36,808 shares of the technology company’s stock worth $878,000 after purchasing an additional 5,087 shares during the period. NGAM Advisors L.P. boosted its stake in CenturyLink by 40.1% during the 2nd quarter. NGAM Advisors L.P. now owns 71,817 shares of the technology company’s stock worth $1,715,000 after purchasing an additional 20,560 shares during the period. Janney Montgomery Scott LLC boosted its stake in CenturyLink by 12.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 80,100 shares of the technology company’s stock worth $1,913,000 after purchasing an additional 8,595 shares during the period. CIBC Asset Management Inc boosted its stake in CenturyLink by 1.6% during the 2nd quarter. CIBC Asset Management Inc now owns 61,964 shares of the technology company’s stock worth $1,480,000 after purchasing an additional 947 shares during the period. Finally, First Manhattan Co. boosted its stake in CenturyLink by 0.3% during the 2nd quarter. First Manhattan Co. now owns 37,199 shares of the technology company’s stock worth $888,000 after purchasing an additional 126 shares during the period. 82.32% of the stock is currently owned by hedge funds and other institutional investors.

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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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