Oppenheimer Weighs in on Centurylink Inc’s FY2018 Earnings (CTL)
Centurylink Inc (NYSE:CTL) – Equities researchers at Oppenheimer issued their FY2018 earnings estimates for Centurylink in a research report issued to clients and investors on Tuesday. Oppenheimer analyst T. Horan forecasts that the technology company will post earnings of $1.39 per share for the year. Oppenheimer has a “Buy” rating and a $20.00 price objective on the stock.
Several other equities analysts have also recently weighed in on CTL. Zacks Investment Research raised Centurylink from a “strong sell” rating to a “hold” rating in a report on Tuesday. Jefferies Group reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Centurylink in a report on Tuesday, October 3rd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Centurylink in a report on Monday, September 18th. Goldman Sachs Group raised Centurylink from a “sell” rating to a “neutral” rating and set a $19.00 price objective for the company in a report on Monday, January 8th. Finally, Barclays dropped their price objective on Centurylink from $23.00 to $19.00 and set an “underweight” rating for the company in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $22.37.
Shares of Centurylink (NYSE CTL) traded down $0.10 during midday trading on Thursday, reaching $17.36. The company’s stock had a trading volume of 11,530,000 shares, compared to its average volume of 16,840,000. The firm has a market cap of $18,560.00, a PE ratio of 29.93, a PEG ratio of -7.80 and a beta of 0.79. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82. Centurylink has a 52-week low of $13.16 and a 52-week high of $27.61.
Centurylink (NYSE:CTL) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The firm had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $4.06 billion. Centurylink had a net margin of 1.89% and a return on equity of 7.99%. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 earnings per share.
In other Centurylink news, Chairman Harvey P. Perry purchased 7,500 shares of the stock in a transaction dated Friday, December 8th. The stock was bought at an average price of $14.32 per share, with a total value of $107,400.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Virginia Boulet purchased 5,095 shares of the stock in a transaction dated Monday, December 11th. The shares were acquired at an average cost of $15.48 per share, with a total value of $78,870.60. Following the acquisition, the director now directly owns 42,820 shares in the company, valued at approximately $662,853.60. The disclosure for this purchase can be found here. Insiders have bought a total of 150,595 shares of company stock valued at $2,154,131 in the last three months. 0.61% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of CTL. Vanguard Group Inc. grew its position in Centurylink by 22.6% during the 2nd quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock worth $1,369,547,000 after acquiring an additional 10,583,246 shares during the last quarter. Capital World Investors bought a new stake in Centurylink during the 2nd quarter worth $142,086,000. Standard Life Investments LTD bought a new stake in Centurylink during the 2nd quarter worth $112,613,000. Fiduciary Management Inc. WI bought a new stake in Centurylink during the 2nd quarter worth $86,411,000. Finally, Samlyn Capital LLC bought a new stake in Centurylink during the 2nd quarter worth $80,290,000. 82.32% of the stock is owned by institutional investors.
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.
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