Wall Street analysts expect Centurylink Inc (NYSE:CTL) to announce sales of $5.87 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Centurylink’s earnings, with the lowest sales estimate coming in at $5.85 billion and the highest estimate coming in at $5.92 billion. Centurylink reported sales of $5.32 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The firm is scheduled to announce its next earnings results on Wednesday, February 13th.
On average, analysts expect that Centurylink will report full year sales of $23.58 billion for the current fiscal year, with estimates ranging from $23.47 billion to $23.69 billion. For the next financial year, analysts anticipate that the company will post sales of $23.23 billion, with estimates ranging from $23.02 billion to $23.63 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Centurylink.
Centurylink (NYSE:CTL) last announced its earnings results on Thursday, November 8th. The technology company reported $0.30 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.30. Centurylink had a return on equity of 4.50% and a net margin of 7.62%. The firm had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.88 billion. During the same quarter in the previous year, the business earned $0.42 EPS. The company’s revenue was down 3.6% compared to the same quarter last year.
Several equities analysts recently commented on the company. Zacks Investment Research downgraded Centurylink from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. ValuEngine upgraded Centurylink from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Cowen set a $20.00 price objective on Centurylink and gave the company a “hold” rating in a research note on Tuesday, September 25th. Morgan Stanley upped their price objective on Centurylink from $21.60 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, August 15th. Finally, Barclays reiterated a “hold” rating and issued a $21.00 price objective on shares of Centurylink in a research note on Friday, August 10th. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. Centurylink presently has an average rating of “Hold” and an average price target of $21.29.
Centurylink stock traded down $2.17 during trading on Friday, hitting $18.91. The stock had a trading volume of 28,667,514 shares, compared to its average volume of 10,697,172. Centurylink has a 1 year low of $13.16 and a 1 year high of $24.20. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.60. The company has a market cap of $22.86 billion, a price-to-earnings ratio of 12.86, a PEG ratio of -13.16 and a beta of 0.76.
In other Centurylink news, Director Glen F. Post III sold 150,000 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $22.00, for a total transaction of $3,300,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Millennium Management LLC lifted its holdings in Centurylink by 124.0% in the 1st quarter. Millennium Management LLC now owns 370,740 shares of the technology company’s stock valued at $6,091,000 after purchasing an additional 205,226 shares in the last quarter. DnB Asset Management AS lifted its holdings in Centurylink by 3.6% in the 2nd quarter. DnB Asset Management AS now owns 118,527 shares of the technology company’s stock valued at $2,209,000 after purchasing an additional 4,100 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in Centurylink by 45.7% in the 2nd quarter. IFM Investors Pty Ltd now owns 43,420 shares of the technology company’s stock valued at $809,000 after purchasing an additional 13,624 shares in the last quarter. Capital Investment Advisors LLC purchased a new position in Centurylink in the 2nd quarter valued at about $206,000. Finally, State of Alaska Department of Revenue lifted its holdings in Centurylink by 3.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 139,985 shares of the technology company’s stock valued at $2,609,000 after purchasing an additional 4,114 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.
CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.
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