Analysts expect that Lumen Technologies, Inc. (NYSE:LUMN) will announce $5.01 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Lumen Technologies’ earnings, with estimates ranging from $4.98 billion to $5.02 billion. Lumen Technologies posted sales of $5.19 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.5%. The business is expected to announce its next quarterly earnings results on Wednesday, August 4th.
On average, analysts expect that Lumen Technologies will report full-year sales of $19.97 billion for the current financial year, with estimates ranging from $19.85 billion to $20.05 billion. For the next financial year, analysts anticipate that the company will post sales of $19.04 billion, with estimates ranging from $18.62 billion to $19.27 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Lumen Technologies.
Lumen Technologies (NYSE:LUMN) last released its quarterly earnings results on Wednesday, May 5th. The technology company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Lumen Technologies had a negative net margin of 5.22% and a positive return on equity of 15.13%. The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.06 billion.
Shares of NYSE:LUMN traded up $0.04 during trading on Tuesday, reaching $15.11. The stock had a trading volume of 76,279 shares, compared to its average volume of 12,745,506. Lumen Technologies has a one year low of $8.51 and a one year high of $16.60. The firm has a market cap of $16.70 billion, a P/E ratio of -15.22, a P/E/G ratio of 3.04 and a beta of 1.08. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a 50-day moving average of $13.69.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 11th. Investors of record on Tuesday, June 1st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.62%. The ex-dividend date is Friday, May 28th. Lumen Technologies’s payout ratio is currently 59.88%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. purchased a new position in Lumen Technologies during the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC purchased a new position in Lumen Technologies during the 4th quarter worth approximately $26,000. Rocky Mountain Advisers LLC purchased a new position in Lumen Technologies during the 1st quarter worth approximately $26,000. AllSquare Wealth Management LLC purchased a new position in Lumen Technologies during the 4th quarter worth approximately $27,000. Finally, CWM LLC acquired a new stake in shares of Lumen Technologies during the 4th quarter worth approximately $30,000. 73.49% of the stock is owned by institutional investors.
About Lumen Technologies
Lumen Technologies, Inc, a facilities-based technology and communications company, provides various integrated services and solutions under CenturyLink name to business and residential customers in the United States and internationally. The company operates through five segments: International and Global Accounts Management, Enterprise, Small and Medium Business, Wholesale, and Consumer.
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