Centurylink Inc (NYSE:CTL) – Equities research analysts at Gabelli issued their FY2022 earnings per share (EPS) estimates for Centurylink in a research note issued to investors on Thursday. Gabelli analyst S. Dluzhevskiy anticipates that the technology company will post earnings of $1.05 per share for the year.
Centurylink (NYSE:CTL) last announced its 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 firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.69 billion. Centurylink had a return on equity of 5.88% and a net margin of 7.87%. During the same quarter last year, the business posted $0.54 EPS.
A number of other equities analysts have also weighed in on CTL. SunTrust Banks reiterated a “hold” rating and set a $25.00 target price on shares of Centurylink in a research note on Wednesday, November 1st. Deutsche Bank reiterated a “hold” rating and set a $16.00 target price on shares of Centurylink in a research note 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 note on Thursday, November 9th. 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 note on Thursday, November 9th. Finally, Jefferies Group lowered their target price on Centurylink to $17.00 and set a “hold” rating on the stock in a research note on Thursday, November 9th. Three research 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 company has an average rating of “Hold” and an average target price of $22.08.
Shares of Centurylink (CTL) traded up $0.21 during midday trading on Friday, hitting $18.21. The stock had a trading volume of 8,900,000 shares, compared to its average volume of 13,050,000. The company has a market capitalization of $19,470.00, a price-to-earnings ratio of 6.07, a P/E/G ratio of -9.92 and a beta of 0.82. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.82 and a current ratio of 0.86. Centurylink has a one year low of $13.16 and a one year high of $27.61.
Hedge funds have recently modified their holdings of the business. Oregon Public Employees Retirement Fund raised its holdings in Centurylink by 2.1% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 135,156 shares of the technology company’s stock valued at $2,554,000 after acquiring an additional 2,754 shares during the period. CIBC World Markets Inc. raised its position in shares of Centurylink by 14.1% during the 4th quarter. CIBC World Markets Inc. now owns 22,598 shares of the technology company’s stock valued at $377,000 after purchasing an additional 2,798 shares during the period. Crescent Grove Advisors LLC raised its position in shares of Centurylink by 17.5% during the 4th quarter. Crescent Grove Advisors LLC now owns 20,000 shares of the technology company’s stock valued at $334,000 after purchasing an additional 2,977 shares during the period. Ausdal Financial Partners Inc. raised its position in shares of Centurylink by 16.5% during the 4th quarter. Ausdal Financial Partners Inc. now owns 22,254 shares of the technology company’s stock valued at $371,000 after purchasing an additional 3,146 shares during the period. Finally, Winslow Evans & Crocker Inc. raised its position in shares of Centurylink by 17.3% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 21,478 shares of the technology company’s stock valued at $358,000 after purchasing an additional 3,160 shares during the period. 59.37% of the stock is currently owned by hedge funds and other institutional investors.
In other Centurylink news, CEO Glen F. Post III bought 50,000 shares of Centurylink stock in a transaction on Friday, December 8th. The shares were purchased at an average price of $14.17 per share, with a total value of $708,500.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Jeffrey K. Storey bought 71,000 shares of Centurylink stock in a transaction on Friday, December 8th. The stock was acquired at an average cost of $14.30 per share, for a total transaction of $1,015,300.00. Following the acquisition, the chief operating officer now owns 2,498,668 shares in the company, valued at approximately $35,730,952.40. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 150,595 shares of company stock worth $2,154,131. Company insiders own 0.61% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, March 5th will be issued a $0.54 dividend. 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%.
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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