Centurylink (CTL) Set to Announce Quarterly Earnings on Wednesday

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Centurylink (NYSE:CTL) will post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Centurylink to post earnings of $0.32 per share for the quarter.

Centurylink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.71 billion. Centurylink had a positive return on equity of 6.89% and a negative net margin of 34.62%. The firm’s revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS. On average, analysts expect Centurylink to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE:CTL opened at $11.79 on Tuesday. The firm has a market cap of $12.84 billion, a P/E ratio of 9.91, a price-to-earnings-growth ratio of 1.04 and a beta of 0.84. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.71 and a quick ratio of 0.71. The company has a 50-day simple moving average of $11.66. Centurylink has a 1 year low of $9.64 and a 1 year high of $24.20.

A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded Centurylink from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Guggenheim raised Centurylink from a “sell” rating to a “neutral” rating and set a $10.00 price target on the stock in a research note on Thursday, May 23rd. They noted that the move was a valuation call. Wells Fargo & Co raised Centurylink from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $12.00 to $14.00 in a research note on Wednesday, June 26th. Finally, Citigroup raised Centurylink from a “sell” rating to a “neutral” rating in a research note on Thursday, May 9th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $16.39.

In related news, Director Steven T. Clontz acquired 37,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was purchased at an average cost of $10.93 per share, with a total value of $404,410.00. Following the acquisition, the director now owns 227,334 shares of the company’s stock, valued at approximately $2,484,760.62. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider William Bruce Hanks acquired 10,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were bought at an average cost of $10.63 per share, with a total value of $106,300.00. Following the completion of the acquisition, the insider now directly owns 92,172 shares in the company, valued at approximately $979,788.36. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 142,000 shares of company stock worth $1,455,160. 0.50% of the stock is owned by company insiders.

Centurylink Company Profile

CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers in the United States and internationally. The company operates in two segments, Business and Consumer. It offers VPN data network services; Ethernet services; Internet protocol (IP) services; facilities-based Prism TV service, as well as satellite digital television services; CDN services; and Vyvx broadcast services.

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Earnings History for Centurylink (NYSE:CTL)

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