Equities research analysts predict that Centurylink Inc (NYSE:CTL) will report earnings of $0.17 per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Centurylink’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.05. Centurylink reported earnings of $0.52 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 67.3%. The business is expected to announce its next earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Centurylink will report full-year earnings of $0.86 per share for the current year, with EPS estimates ranging from $0.40 to $1.69. For the next financial year, analysts expect that the business will report earnings of $1.04 per share, with EPS estimates ranging from $0.70 to $1.83. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Centurylink.
Centurylink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.69 billion. Centurylink had a net margin of 7.87% and a return on equity of 5.88%. During the same quarter in the prior year, the business earned $0.54 earnings per share.
CTL has been the subject of a number of analyst reports. Bank of America set a $27.00 price target on Centurylink and gave the company a “buy” rating in a research note on Wednesday, February 21st. ValuEngine downgraded Centurylink from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Oppenheimer reiterated a “buy” rating and set a $20.00 target price on shares of Centurylink in a research note on Tuesday, January 9th. Barclays upgraded Centurylink from an “underweight” rating to an “equal weight” rating and set a $16.00 target price for the company in a research note on Friday, December 15th. Finally, Cowen set a $19.00 target price on Centurylink and gave the stock a “hold” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.65.
Centurylink (CTL) traded up $0.16 during mid-day trading on Wednesday, reaching $17.13. The company’s stock had a trading volume of 31,215,897 shares, compared to its average volume of 10,903,109. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $18,155.56, a P/E ratio of 9.73, a price-to-earnings-growth ratio of -9.86 and a beta of 0.79. Centurylink has a 12-month low of $13.16 and a 12-month high of $27.61.
The company also recently declared a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Monday, March 5th were paid a $0.54 dividend. The ex-dividend date was Friday, March 2nd. This represents a $2.16 annualized dividend and a yield of 12.61%. Centurylink’s dividend payout ratio (DPR) is presently 122.73%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Exxonmobil Investment Management Inc. TX boosted its stake in Centurylink by 54.1% in the 4th quarter. Exxonmobil Investment Management Inc. TX now owns 154,678 shares of the technology company’s stock valued at $2,580,000 after purchasing an additional 54,312 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Centurylink in the 4th quarter valued at $801,000. Nisa Investment Advisors LLC boosted its stake in Centurylink by 70.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 214,524 shares of the technology company’s stock valued at $3,578,000 after purchasing an additional 88,381 shares during the period. OppenheimerFunds Inc. boosted its stake in Centurylink by 62.7% in the 4th quarter. OppenheimerFunds Inc. now owns 4,027,729 shares of the technology company’s stock valued at $67,183,000 after purchasing an additional 1,551,931 shares during the period. Finally, Cornerstone Investment Partners LLC boosted its stake in Centurylink by 119.7% in the 4th quarter. Cornerstone Investment Partners LLC now owns 163,096 shares of the technology company’s stock valued at $2,720,000 after purchasing an additional 88,868 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.
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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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