Equities research analysts predict that CenturyLink, Inc. (NYSE:CTL) will announce sales of $4.09 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for CenturyLink’s earnings. The lowest sales estimate is $4.07 billion and the highest is $4.13 billion. CenturyLink posted sales of $4.40 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 7%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, August 2nd.
On average, analysts expect that CenturyLink will report full-year sales of $4.09 billion for the current fiscal year, with estimates ranging from $16.42 billion to $16.66 billion. For the next financial year, analysts forecast that the business will post sales of $16.21 billion per share, with estimates ranging from $15.98 billion to $16.71 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for CenturyLink.
CenturyLink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.01. CenturyLink had a return on equity of 8.96% and a net margin of 3.20%. The business had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the business posted $0.71 earnings per share. CenturyLink’s quarterly revenue was down 4.4% compared to the same quarter last year.
Several equities research analysts have recently weighed in on the company. Bank of America Corporation reiterated a “buy” rating on shares of CenturyLink in a report on Tuesday, May 9th. Royal Bank Of Canada reiterated a “hold” rating and issued a $25.00 price target on shares of CenturyLink in a report on Thursday, May 25th. Cowen and Company set a $25.00 price objective on CenturyLink and gave the stock a “market perform” rating in a research note on Thursday, May 4th. Zacks Investment Research raised CenturyLink from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Wednesday, April 26th. Finally, Vetr cut CenturyLink from a “buy” rating to a “hold” rating and set a $25.27 price objective on the stock. in a research note on Thursday, April 6th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $25.86.
Hedge funds have recently made changes to their positions in the stock. Cleararc Capital Inc. boosted its stake in shares of CenturyLink by 0.7% in the first quarter. Cleararc Capital Inc. now owns 13,386 shares of the technology company’s stock valued at $316,000 after buying an additional 93 shares during the period. Bollard Group LLC boosted its stake in shares of CenturyLink by 0.8% in the first quarter. Bollard Group LLC now owns 13,754 shares of the technology company’s stock valued at $324,000 after buying an additional 103 shares during the period. BB&T Corp boosted its stake in shares of CenturyLink by 0.8% in the first quarter. BB&T Corp now owns 14,033 shares of the technology company’s stock valued at $331,000 after buying an additional 109 shares during the period. Ffcm LLC boosted its stake in shares of CenturyLink by 0.8% in the first quarter. Ffcm LLC now owns 24,717 shares of the technology company’s stock valued at $583,000 after buying an additional 195 shares during the period. Finally, National Asset Management Inc. boosted its stake in shares of CenturyLink by 2.3% in the first quarter. National Asset Management Inc. now owns 9,802 shares of the technology company’s stock valued at $232,000 after buying an additional 225 shares during the period. 77.45% of the stock is currently owned by institutional investors and hedge funds.
CenturyLink (NYSE:CTL) traded up 0.38% during midday trading on Thursday, hitting $23.97. The company had a trading volume of 5,541,467 shares. The stock has a 50 day moving average price of $25.26 and a 200 day moving average price of $24.70. The company has a market capitalization of $13.16 billion, a P/E ratio of 23.50 and a beta of 0.88. CenturyLink has a 52 week low of $22.33 and a 52 week high of $33.45.
The business also recently announced a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Monday, June 5th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $2.16 annualized dividend and a yield of 9.01%. CenturyLink’s dividend payout ratio (DPR) is presently 211.77%.
CenturyLink Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CenturyLink Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenturyLink Inc. and related companies with MarketBeat.com's FREE daily email newsletter.