Analysts forecast that Centurylink Inc (NYSE:CTL) will announce earnings per share (EPS) of $0.16 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Centurylink’s earnings, with estimates ranging from $0.05 to $0.33. Centurylink posted earnings of $0.52 per share during the same quarter last year, which suggests a negative year over year growth rate of 69.2%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Centurylink will report full year earnings of $0.85 per share for the current financial year, with EPS estimates ranging from $0.40 to $1.69. For the next financial year, analysts forecast that the firm will post earnings of $1.07 per share, with EPS estimates ranging from $0.70 to $1.83. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Centurylink.
Centurylink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.69 billion. Centurylink had a net margin of 7.87% and a return on equity of 5.88%. During the same quarter in the previous year, the firm posted $0.54 EPS.
A number of research firms have weighed in on CTL. ValuEngine upgraded Centurylink from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Goldman Sachs upgraded 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. Barclays upgraded Centurylink from an “underweight” rating to an “equal weight” rating and set a $16.00 target price for the company in a report on Friday, December 15th. Bank of America set a $27.00 target price on Centurylink and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Zacks Investment Research lowered Centurylink from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $21.65.
Several hedge funds have recently modified their holdings of CTL. Standard Life Aberdeen plc increased its position in shares of 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 purchasing an additional 6,174,561 shares in the last quarter. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 4,685,323 shares in the last quarter. ACR Alpine Capital Research LLC acquired a new position in shares of Centurylink during the fourth quarter worth $70,510,000. Beck Mack & Oliver LLC increased its position in shares of Centurylink by 352.4% during the fourth quarter. Beck Mack & Oliver LLC now owns 4,265,697 shares of the technology company’s stock worth $71,152,000 after purchasing an additional 3,322,807 shares in the last quarter. Finally, West Family Investments Inc. acquired a new position in shares of Centurylink during the fourth quarter worth $42,435,000. 86.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of Centurylink (CTL) traded up $0.10 during midday trading on Wednesday, hitting $16.35. The company had a trading volume of 10,110,333 shares, compared to its average volume of 12,555,029. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $17,845.30, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of -9.82 and a beta of 0.79. Centurylink has a 12-month low of $13.16 and a 12-month high of $27.61.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Monday, March 5th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 13.21%. The ex-dividend date of this dividend was Friday, March 2nd. Centurylink’s payout ratio is presently 122.73%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Centurylink Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centurylink and related companies with MarketBeat.com's FREE daily email newsletter.