Telenor ASA (OTCMKTS:TELNY – Get Rating) – Equities researchers at Jefferies Financial Group dropped their FY2022 EPS estimates for Telenor ASA in a note issued to investors on Thursday, June 30th. Jefferies Financial Group analyst U. Rathe now forecasts that the utilities provider will post earnings per share of $0.89 for the year, down from their previous estimate of $0.96. The consensus estimate for Telenor ASA’s current full-year earnings is $1.04 per share. Jefferies Financial Group also issued estimates for Telenor ASA’s FY2023 earnings at $1.00 EPS and FY2024 earnings at $1.09 EPS.
Separately, Barclays lifted their target price on shares of Telenor ASA from 120.00 to 125.00 in a research report on Thursday, June 2nd.
Telenor ASA (OTCMKTS:TELNY – Get Rating) last released its earnings results on Tuesday, May 3rd. The utilities provider reported $0.56 EPS for the quarter. Telenor ASA had a net margin of 10.85% and a return on equity of 37.49%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.99 billion.
The firm also recently declared a dividend, which was paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th were paid a $0.4647 dividend. This represents a dividend yield of 9.69%. The ex-dividend date was Thursday, May 12th. Telenor ASA’s dividend payout ratio is currently 74.75%.
Telenor ASA Company Profile (Get Rating)
Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Its principal products and services include mobile communication, fixed line communication, and broadcasting services. The company's mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging.
- Get a free copy of the StockNews.com research report on Telenor ASA (TELNY)
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