Centurylink (CTL) Set to Announce Quarterly Earnings on Wednesday

Centurylink (NYSE:CTL) is scheduled to announce its earnings results after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.32 per share for the quarter.

Centurylink (NYSE:CTL) last released 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 analyst estimates of $4.06 billion. During the same period in the previous year, the business posted $0.56 EPS. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, analysts expect Centurylink to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Centurylink (NYSE:CTL) opened at $17.07 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.92. Centurylink has a 1-year low of $13.16 and a 1-year high of $27.61. The firm has a market cap of $18,250.00, a P/E ratio of 29.43, a price-to-earnings-growth ratio of -7.73 and a beta of 0.82.

A number of analysts have weighed in on CTL shares. Bank of America cut their price objective 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. ValuEngine raised shares of Centurylink from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. UBS Group cut their price objective on shares of Centurylink from $29.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, November 9th. JPMorgan Chase & Co. reissued a “buy” rating and set a $26.00 price objective on shares of Centurylink in a report on Thursday, November 9th. Finally, Oppenheimer reissued a “buy” rating and set a $20.00 price objective on shares of Centurylink in a report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $22.37.

In other Centurylink news, CEO Glen F. Post III bought 50,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were acquired at an average cost of $14.17 per share, with a total value of $708,500.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Virginia Boulet bought 5,095 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was acquired at an average cost of $15.48 per share, for a total transaction of $78,870.60. Following the completion of the acquisition, the director now directly owns 42,820 shares in the company, valued at $662,853.60. The disclosure for this purchase can be found here. Insiders bought a total of 150,595 shares of company stock worth $2,154,131 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

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About Centurylink

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 Enterprise, 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 for Centurylink (NYSE:CTL)

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