CenturyLink, Inc. (CTL) Set to Announce Quarterly Earnings on Wednesday
CenturyLink, Inc. (NYSE:CTL) will be announcing its earnings results after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.45 per share for the quarter.
CenturyLink (NYSE:CTL) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.09 billion. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The company’s revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 EPS. On average, analysts expect CenturyLink to post $1.96 EPS for the current fiscal year and $1.8 EPS for the next fiscal year.
CenturyLink, Inc. (NYSE:CTL) opened at 18.86 on Wednesday. The company has a 50-day moving average price of $19.15 and a 200 day moving average price of $22.40. CenturyLink, Inc. has a 52-week low of $17.07 and a 52-week high of $27.61. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 27.33 and a beta of 0.89.
CTL has been the subject of several research reports. ValuEngine raised shares of CenturyLink from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Jefferies Group LLC reaffirmed a “hold” rating and set a $22.00 price objective on shares of CenturyLink in a research note on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 price objective on shares of CenturyLink in a research note on Monday, September 18th. BidaskClub raised shares of CenturyLink from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Deutsche Bank AG dropped their price objective on shares of CenturyLink from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Tuesday, October 10th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. CenturyLink presently has a consensus rating of “Hold” and an average price target of $24.94.
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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 business, 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.
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