Centurylink Inc (CTL) to Post FY2018 Earnings of $0.73 Per Share, Jefferies Group Forecasts

Centurylink Inc (NYSE:CTL) – Research analysts at Jefferies Group dropped their FY2018 earnings per share estimates for shares of Centurylink in a report issued on Thursday. Jefferies Group analyst S. Goldman now forecasts that the technology company will earn $0.73 per share for the year, down from their previous estimate of $0.79. Jefferies Group currently has a “Hold” rating and a $17.00 target price on the stock. Jefferies Group also issued estimates for Centurylink’s FY2019 earnings at $0.80 EPS.

Other equities analysts also recently issued reports about the company. ValuEngine upgraded Centurylink from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Bank of America lowered their target price on Centurylink from $42.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, November 10th. UBS Group lowered their target price on Centurylink from $29.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, November 9th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $26.00 target price on shares of Centurylink in a research report on Thursday, November 9th. Finally, Oppenheimer reiterated a “buy” rating and set a $20.00 target price on shares of Centurylink in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $22.37.

Centurylink (NYSE:CTL) traded down $0.03 during midday trading on Monday, reaching $17.31. The company had a trading volume of 18,159,100 shares, compared to its average volume of 12,994,192. The stock has a market capitalization of $18,640.00, a P/E ratio of 29.84, a PEG ratio of -7.54 and a beta of 0.79. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.92. Centurylink has a 12 month low of $13.16 and a 12 month high of $27.61.

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 Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The firm had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $4.06 billion. Centurylink had a return on equity of 7.99% and a net margin of 1.89%. The business’s revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 EPS.

In other Centurylink news, CEO Glen F. Post III acquired 50,000 shares of the stock in a transaction dated Friday, December 8th. The shares were acquired at an average cost of $14.17 per share, for a total transaction of $708,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey K. Storey acquired 71,000 shares of the stock in a transaction dated Friday, December 8th. The stock was acquired at an average price of $14.30 per share, for a total transaction of $1,015,300.00. Following the completion of the transaction, the chief operating officer now directly owns 2,498,668 shares of the company’s stock, valued at $35,730,952.40. The disclosure for this purchase can be found here. Insiders bought 150,595 shares of company stock worth $2,154,131 over the last 90 days. Company insiders own 0.61% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Fieldpoint Private Securities LLC purchased a new stake in shares of Centurylink in the third quarter worth about $115,000. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Centurylink by 178.6% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 6,684 shares of the technology company’s stock worth $134,000 after buying an additional 4,285 shares in the last quarter. Blue Granite Capital LLC purchased a new stake in shares of Centurylink in the third quarter worth about $136,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Centurylink by 10,329.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,196 shares of the technology company’s stock worth $136,000 after buying an additional 7,127 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Centurylink in the second quarter worth about $197,000. Institutional investors and hedge funds own 42.11% of the company’s stock.

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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.

Earnings History and Estimates for Centurylink (NYSE:CTL)

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