Freenet (FRTAF) Expected to Announce Earnings on Thursday

Freenet (OTCMKTS:FRTAF) is projected to release its results after the market closes on Thursday, May 14th. Analysts expect Freenet to post earnings of $0.6040 per share and revenue of $711.6120 million for the quarter.

Freenet (OTCMKTS:FRTAF) last posted its quarterly earnings data on Thursday, March 19th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). Freenet had a return on equity of 18.23% and a net margin of 11.14%.The company had revenue of $712.21 million for the quarter, compared to analysts’ expectations of $611.50 million.

Freenet Price Performance

Shares of FRTAF opened at $29.77 on Tuesday. The firm’s 50 day moving average price is $31.06 and its 200 day moving average price is $32.36. The company has a market cap of $3.54 billion, a P/E ratio of 11.45 and a beta of -0.03. Freenet has a fifty-two week low of $29.77 and a fifty-two week high of $35.41.

Analysts Set New Price Targets

Several research firms recently commented on FRTAF. Citigroup reissued a “neutral” rating on shares of Freenet in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freenet in a report on Wednesday, January 21st. DZ Bank cut shares of Freenet from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Finally, UBS Group downgraded Freenet from a “buy” rating to a “sell” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Freenet currently has an average rating of “Reduce”.

About Freenet

Freenet AG is a Germany-based telecommunications and digital services provider offering a broad portfolio of consumer and business solutions. The company specializes in distributing mobile communications services, including contract and prepaid offerings from major network operators, as well as providing broadband internet access, cable and IPTV television, and related hardware such as routers and set-top boxes. Through its digital lifestyle segment, Freenet AG also delivers value-added services and digital content, ranging from music and video streaming to online gaming and e-books.

In its mobile communications division, Freenet AG acts as a sales and service partner for leading German network operators, managing customer acquisition, billing, and technical support.