Wall Street analysts expect that Centurylink Inc (NYSE:CTL) will announce earnings per share (EPS) of $0.17 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Centurylink’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.33. Centurylink reported earnings per share of $0.52 during the same quarter last year, which suggests a negative year-over-year growth rate of 67.3%. The business is expected to report its next quarterly 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 fiscal year, analysts forecast that the company 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 an average based on a survey of research firms that cover Centurylink.
Centurylink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). Centurylink had a net margin of 7.87% and a return on equity of 5.88%. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.69 billion. During the same period last year, the business posted $0.54 EPS.
A number of equities research analysts have commented on CTL shares. Royal Bank of Canada raised Centurylink from a “sector perform” rating to an “outperform” rating in a research note on Thursday, January 25th. They noted that the move was a valuation call. Goldman Sachs Group raised Centurylink from a “sell” rating to a “neutral” rating and set a $19.00 price objective for the company in a research note on Monday, January 8th. Barclays raised Centurylink from an “underweight” rating to an “equal weight” rating and set a $16.00 price objective for the company in a research note on Friday, December 15th. ValuEngine raised Centurylink from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research upgraded Centurylink from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Centurylink presently has an average rating of “Hold” and an average price target of $21.65.
Shares of Centurylink (NYSE:CTL) traded down $0.37 during trading on Wednesday, reaching $17.33. The company’s stock had a trading volume of 10,270,000 shares, compared to its average volume of 12,590,000. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.59. Centurylink has a 12-month low of $13.16 and a 12-month high of $27.61. The firm has a market capitalization of $18,540.00, a PE ratio of 33.33, a PEG ratio of -10.47 and a beta of 0.79.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Monday, March 5th will be issued a $0.54 dividend. The ex-dividend date is Friday, March 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 12.46%. Centurylink’s dividend payout ratio is presently 415.38%.
Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in Centurylink by 82.4% during the fourth quarter. Geode Capital Management LLC now owns 10,371,954 shares of the technology company’s stock worth $172,650,000 after acquiring an additional 4,685,323 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Centurylink by 6.2% during the third quarter. Dimensional Fund Advisors LP now owns 10,289,893 shares of the technology company’s stock worth $194,498,000 after acquiring an additional 600,462 shares during the period. Standard Life Aberdeen plc lifted its holdings in Centurylink by 1,216.8% during the fourth quarter. Standard Life Aberdeen plc now owns 6,682,023 shares of the technology company’s stock worth $111,491,000 after acquiring an additional 6,174,561 shares during the period. Epoch Investment Partners Inc. lifted its holdings in Centurylink by 11.0% during the third quarter. Epoch Investment Partners Inc. now owns 5,521,373 shares of the technology company’s stock worth $104,354,000 after acquiring an additional 546,435 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Centurylink by 61.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 4,358,192 shares of the technology company’s stock worth $72,695,000 after acquiring an additional 1,658,861 shares during the period. Institutional investors 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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