Swisscom (SCMWY) Expected to Announce Earnings on Thursday

Swisscom (OTCMKTS:SCMWY) is projected to issue its results before the market opens on Thursday, August 6th. Analysts expect the company to post earnings of $0.7350 per share and revenue of $4.4438 billion for the quarter.

Swisscom (OTCMKTS:SCMWY) last released its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.08). Swisscom had a net margin of 8.30% and a return on equity of 10.63%. The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.67 billion. On average, analysts expect Swisscom to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Swisscom Trading Down 0.3%

Shares of OTCMKTS:SCMWY opened at $76.51 on Tuesday. Swisscom has a 12-month low of $68.01 and a 12-month high of $94.63. The business has a 50 day moving average of $79.27 and a 200-day moving average of $83.67. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.15. The stock has a market cap of $396.36 billion, a PE ratio of 25.59, a P/E/G ratio of 1.87 and a beta of 0.28.

Wall Street Analyst Weigh In

SCMWY has been the topic of a number of research reports. BNP Paribas Exane lowered Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. Citigroup reissued a “neutral” rating on shares of Swisscom in a research report on Monday, July 6th. Finally, Morgan Stanley downgraded shares of Swisscom to an “underweight” rating in a research note on Thursday, June 11th. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

About Swisscom

Swisscom AG is Switzerland’s leading telecommunications provider, offering a broad range of consumer and business communications services. Its core activities include mobile and fixed-line telephony, broadband internet, and digital television for residential customers, together with comprehensive information and communications technology (ICT) solutions for corporate and public-sector clients. The company also develops and markets cloud computing, data center, IoT and cybersecurity services, and supplies wholesale network access to other operators and service providers.

Swisscom’s origins lie in the Swiss state telecommunications system; over time it evolved from a government monopoly into a partly privatized joint-stock company while remaining majority-owned by the Swiss Confederation.