Analysts Anticipate Centurylink Inc (CTL) Will Post Earnings of $0.23 Per Share

Equities analysts forecast that Centurylink Inc (NYSE:CTL) will announce $0.23 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Centurylink’s earnings, with estimates ranging from $0.18 to $0.28. Centurylink posted earnings of $0.46 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 50%. The business is scheduled to announce its next earnings results on Wednesday, August 1st.

On average, analysts expect that Centurylink will report full year earnings of $0.94 per share for the current year, with EPS estimates ranging from $0.84 to $1.01. For the next fiscal year, analysts anticipate that the company will report earnings of $1.14 per share, with EPS estimates ranging from $0.82 to $1.83. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Centurylink.

Centurylink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, May 9th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.06. Centurylink had a return on equity of 4.94% and a net margin of 6.92%. The business had revenue of $5.95 billion during the quarter, compared to analyst estimates of $5.97 billion. During the same period last year, the company earned $0.35 earnings per share. Centurylink’s quarterly revenue was up 41.2% compared to the same quarter last year.

CTL has been the subject of several recent research reports. ValuEngine upgraded Centurylink from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Bank of America set a $27.00 price objective on Centurylink and gave the stock a “buy” rating in a report on Wednesday, February 21st. Zacks Investment Research lowered Centurylink from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Royal Bank of Canada upgraded 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. Finally, Cowen set a $19.00 price objective on Centurylink and gave the stock a “hold” rating in a report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $21.00.

Shares of NYSE:CTL opened at $18.52 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.58. Centurylink has a 1 year low of $13.16 and a 1 year high of $27.61. The firm has a market cap of $20.51 billion, a P/E ratio of 12.60, a PEG ratio of -13.56 and a beta of 0.76.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Monday, June 4th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 11.66%. The ex-dividend date is Friday, June 1st. Centurylink’s payout ratio is 146.94%.

In other Centurylink news, major shareholder Holdings (Private) Ltd Temasek bought 7,620,118 shares of the stock in a transaction on Wednesday, April 4th. The shares were purchased at an average cost of $16.72 per share, with a total value of $127,408,372.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven T. Clontz purchased 41,000 shares of the stock in a transaction dated Friday, May 11th. The stock was acquired at an average cost of $19.44 per share, for a total transaction of $797,040.00. Following the completion of the transaction, the director now owns 162,019 shares of the company’s stock, valued at approximately $3,149,649.36. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

Several large investors have recently modified their holdings of the company. Temasek Holdings Private Ltd grew its position in shares of Centurylink by 13.9% in the first quarter. Temasek Holdings Private Ltd now owns 105,861,423 shares of the technology company’s stock valued at $1,739,303,000 after purchasing an additional 12,957,184 shares during the last quarter. Fiduciary Management Inc. WI grew its position in shares of Centurylink by 5.7% in the first quarter. Fiduciary Management Inc. WI now owns 18,455,072 shares of the technology company’s stock valued at $303,217,000 after purchasing an additional 992,063 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Centurylink by 82.4% in the fourth quarter. Geode Capital Management LLC now owns 10,371,954 shares of the technology company’s stock valued at $172,650,000 after purchasing an additional 4,685,323 shares during the last quarter. Standard Life Aberdeen plc grew its position in shares of Centurylink by 1,216.8% in the fourth quarter. Standard Life Aberdeen plc now owns 6,682,023 shares of the technology company’s stock valued at $111,491,000 after purchasing an additional 6,174,561 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its position in shares of Centurylink by 17.2% in the first quarter. Epoch Investment Partners Inc. now owns 6,388,838 shares of the technology company’s stock valued at $104,969,000 after purchasing an additional 936,766 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

Centurylink Company Profile

CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.

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Earnings History and Estimates for Centurylink (NYSE:CTL)

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