Centurylink (CTL) Issues Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Centurylink (NYSE:CTL) posted its quarterly earnings results on Wednesday. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.14), Bloomberg Earnings reports. Centurylink had a return on equity of 7.99% and a net margin of 1.89%. During the same quarter in the previous year, the firm earned $0.54 EPS.

Shares of Centurylink (NYSE CTL) traded up $1.00 on Thursday, hitting $18.58. 6,563,073 shares of the stock were exchanged, compared to its average volume of 12,001,796. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82. Centurylink has a fifty-two week low of $13.16 and a fifty-two week high of $27.61. The stock has a market cap of $19,980.00, a PE ratio of 32.03, a price-to-earnings-growth ratio of -7.50 and a beta of 0.82.

In other Centurylink news, CEO Glen F. Post III acquired 50,000 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was acquired at an average cost 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 available through this link. Also, COO Jeffrey K. Storey acquired 71,000 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were acquired at an average cost of $14.30 per share, with a total value of $1,015,300.00. Following the completion of the purchase, the chief operating officer now owns 2,498,668 shares in the company, valued at $35,730,952.40. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 150,595 shares of company stock valued at $2,154,131. Corporate insiders own 0.61% of the company’s stock.

Several research analysts recently issued reports on the stock. ValuEngine cut shares of Centurylink from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada raised shares of Centurylink from a “sector perform” rating to an “outperform” rating in a report on Thursday, January 25th. They noted that the move was a valuation call. Oppenheimer reaffirmed a “buy” rating and issued a $20.00 target price on shares of Centurylink in a report on Tuesday, January 9th. Zacks Investment Research raised shares of Centurylink from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Goldman Sachs Group raised shares of Centurylink from a “sell” rating to a “neutral” rating and set a $19.00 target price for the company in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Centurylink presently has a consensus rating of “Hold” and an average price target of $22.37.

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About Centurylink

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.

Earnings History for Centurylink (NYSE:CTL)

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