CenturyLink Inc. (NYSE:CTL) – Equities research analysts at Jefferies Group lifted their FY2016 earnings per share (EPS) estimates for CenturyLink in a research note issued on Tuesday. Jefferies Group analyst M. Mccormack now anticipates that the firm will post earnings of $2.51 per share for the year, up from their prior estimate of $2.49. Jefferies Group currently has a “Sell” rating on the stock. Jefferies Group also issued estimates for CenturyLink’s Q4 2016 earnings at $0.61 EPS and FY2017 earnings at $2.41 EPS.
CenturyLink (NYSE:CTL) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The business earned $440 billion during the quarter, compared to analyst estimates of $4.39 billion. CenturyLink had a net margin of 5.47% and a return on equity of 11.02%. CenturyLink’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share.
A number of other analysts also recently issued reports on the stock. Morgan Stanley downgraded shares of CenturyLink from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $31.00 to $27.00 in a report on Monday, July 18th. Macquarie initiated coverage on shares of CenturyLink in a report on Monday, July 11th. They issued a “neutral” rating and a $31.00 price objective for the company. Zacks Investment Research downgraded shares of CenturyLink from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Vetr raised shares of CenturyLink from a “hold” rating to a “buy” rating and set a $29.33 price objective for the company in a report on Wednesday, August 31st. Finally, Evercore ISI initiated coverage on shares of CenturyLink in a report on Tuesday, June 21st. They issued a “hold” rating and a $28.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. CenturyLink has an average rating of “Hold” and a consensus target price of $28.37.
Shares of CenturyLink (NYSE:CTL) traded down 0.345% during mid-day trading on Thursday, hitting $27.475. 1,356,792 shares of the company were exchanged. CenturyLink has a 12-month low of $21.94 and a 12-month high of $32.94. The company’s 50-day moving average price is $27.70 and its 200-day moving average price is $29.13. The firm has a market capitalization of $15.00 billion, a P/E ratio of 15.384 and a beta of 0.80.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date was Wednesday, August 31st. CenturyLink’s dividend payout ratio is 120.67%.
A number of institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of CenturyLink by 25.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,037,670 shares of the company’s stock valued at $262,156,000 after buying an additional 1,823,847 shares during the period. Vanguard Group Inc. boosted its position in shares of CenturyLink by 5.0% in the second quarter. Vanguard Group Inc. now owns 38,015,493 shares of the company’s stock valued at $1,102,830,000 after buying an additional 1,815,294 shares during the period. BlackRock Fund Advisors boosted its position in shares of CenturyLink by 8.9% in the second quarter. BlackRock Fund Advisors now owns 16,106,122 shares of the company’s stock valued at $467,239,000 after buying an additional 1,311,134 shares during the period. Ameriprise Financial Inc. boosted its position in shares of CenturyLink by 25.5% in the second quarter. Ameriprise Financial Inc. now owns 5,599,218 shares of the company’s stock valued at $162,421,000 after buying an additional 1,137,292 shares during the period. Finally, Glenmede Trust Co. NA boosted its position in shares of CenturyLink by 837.5% in the second quarter. Glenmede Trust Co. NA now owns 1,153,718 shares of the company’s stock valued at $33,467,000 after buying an additional 1,030,658 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.
CenturyLink Company Profile
CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to residential and business customers. The Company’s segments include Business and Consumer. Its communications services include local and long-distance voice, high-speed Internet, Multi-Protocol Label Switching (MPLS), private line (including special access), data integration, Ethernet, colocation, managed hosting (including cloud hosting), network, public access, video, wireless and other ancillary services.
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