Chunghwa Telecom (CHT) Issues FY19 Earnings Guidance

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Chunghwa Telecom (NYSE:CHT) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of NT$4.40-4.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.38. The company issued revenue guidance of NT$220.56-222.91 billion, compared to the consensus revenue estimate of $211.06 billion.

Shares of NYSE CHT traded up $0.09 during mid-day trading on Thursday, reaching $35.08. The company had a trading volume of 3,291 shares, compared to its average volume of 91,483. The company has a market capitalization of $26.88 billion, a price-to-earnings ratio of 21.40 and a beta of 0.22. Chunghwa Telecom has a 52-week low of $34.02 and a 52-week high of $39.33.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Wednesday, January 30th. The utilities provider reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The company had revenue of $1.80 billion during the quarter. Chunghwa Telecom had a net margin of 15.98% and a return on equity of 9.29%. As a group, equities analysts expect that Chunghwa Telecom will post 1.48 earnings per share for the current year.

CHT has been the topic of a number of recent analyst reports. HSBC downgraded shares of Chunghwa Telecom from a hold rating to a reduce rating in a research report on Wednesday, October 31st. Credit Suisse Group downgraded shares of Chunghwa Telecom from a neutral rating to an underperform rating in a research report on Tuesday, January 8th. Four analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. The company has a consensus rating of Sell.

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About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. provides telecommunication services in Taiwan. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Other Business segments. It offers local and domestic long distance telephone and leased line, broadband access, Wi-Fi, and multimedia on demand services; information and communication technology (ICT), corporate, and bill handling services; and interconnection with its fixed-line network to other mobile and fixed-line operators.

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