Centurylink Inc (NYSE:CTL) – Research analysts at Gabelli issued their FY2022 earnings per share estimates for shares of Centurylink in a research note issued on Thursday. Gabelli analyst S. Dluzhevskiy expects that the technology company will post earnings per share of $1.05 for the year.
Centurylink (NYSE:CTL) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). Centurylink had a return on equity of 5.88% and a net margin of 7.87%. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.69 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share.
Several other equities research analysts have also recently issued reports on CTL. Cowen set a $19.00 price objective on shares of Centurylink and gave the stock a “hold” rating in a research report on Thursday, February 15th. Bank of America set a $27.00 price objective on shares of Centurylink and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research cut shares of Centurylink from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. ValuEngine cut shares of Centurylink from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Barclays restated a “hold” rating and set a $17.00 price objective on shares of Centurylink in a research report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $22.08.
Centurylink (CTL) traded up $0.21 during trading on Friday, reaching $18.21. 8,900,000 shares of the company traded hands, compared to its average volume of 13,050,000. Centurylink has a 52-week low of $13.16 and a 52-week high of $27.61. The firm has a market capitalization of $19,470.00, a PE ratio of 6.07, a P/E/G ratio of -9.92 and a beta of 0.82. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.59.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, March 5th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 11.86%. The ex-dividend date is Friday, March 2nd. Centurylink’s dividend payout ratio is presently 72.00%.
In related news, CEO Glen F. Post III purchased 50,000 shares of the company’s stock in a transaction on Friday, December 8th. The stock was acquired at an average cost of $14.17 per share, for a total transaction of $708,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey K. Storey purchased 71,000 shares of the company’s stock in a transaction on Friday, December 8th. The shares were bought at an average price of $14.30 per share, with a total value of $1,015,300.00. Following the completion of the transaction, the chief operating officer now 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. Over the last quarter, insiders have acquired 150,595 shares of company stock valued at $2,154,131. Company insiders own 0.61% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. boosted its stake in shares of Centurylink by 132.3% in the fourth quarter. Bessemer Group Inc. now owns 6,264 shares of the technology company’s stock valued at $104,000 after purchasing an additional 3,568 shares during the period. Citizens Financial Group Inc RI acquired a new position in shares of Centurylink during the fourth quarter valued at $111,000. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Centurylink by 250.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 6,753 shares of the technology company’s stock valued at $113,000 after purchasing an additional 4,828 shares during the period. Fieldpoint Private Securities LLC acquired a new position in shares of Centurylink during the third quarter valued at $115,000. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Centurylink by 178.6% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 6,684 shares of the technology company’s stock valued at $134,000 after purchasing an additional 4,285 shares during the period. Institutional investors and hedge funds own 59.37% 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 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.
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