Zacks: Analysts Expect Centurylink Inc (CTL) Will Announce Quarterly Sales of $5.97 Billion
Brokerages forecast that Centurylink Inc (NYSE:CTL) will report $5.97 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Centurylink’s earnings. The lowest sales estimate is $5.94 billion and the highest is $5.98 billion. Centurylink posted sales of $4.21 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 41.8%. The business is expected to issue its next earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Centurylink will report full year sales of $5.97 billion for the current fiscal year, with estimates ranging from $23.68 billion to $23.84 billion. For the next financial year, analysts anticipate that the company will report sales of $23.46 billion per share, with estimates ranging from $23.29 billion to $23.71 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Centurylink.
Centurylink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.14). The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.69 billion. Centurylink had a return on equity of 5.88% and a net margin of 7.87%. During the same quarter in the prior year, the business posted $0.54 earnings per share.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. CIBC World Markets Inc. raised its position in Centurylink by 14.1% during the fourth quarter. CIBC World Markets Inc. now owns 22,598 shares of the technology company’s stock valued at $377,000 after acquiring an additional 2,798 shares in the last quarter. Crescent Grove Advisors LLC raised its position in shares of Centurylink by 17.5% in the fourth quarter. Crescent Grove Advisors LLC now owns 20,000 shares of the technology company’s stock valued at $334,000 after purchasing an additional 2,977 shares during the period. Ausdal Financial Partners Inc. raised its position in shares of Centurylink by 16.5% in the fourth quarter. Ausdal Financial Partners Inc. now owns 22,254 shares of the technology company’s stock valued at $371,000 after purchasing an additional 3,146 shares during the period. Winslow Evans & Crocker Inc. raised its position in shares of Centurylink by 17.3% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 21,478 shares of the technology company’s stock valued at $358,000 after purchasing an additional 3,160 shares during the period. Finally, FDx Advisors Inc. raised its position in shares of Centurylink by 3.4% in the fourth quarter. FDx Advisors Inc. now owns 98,723 shares of the technology company’s stock valued at $1,647,000 after purchasing an additional 3,202 shares during the period. 86.06% of the stock is currently owned by hedge funds and other institutional investors.
Centurylink stock traded up $0.10 during mid-day trading on Friday, hitting $16.35. 10,110,333 shares of the company traded hands, compared to its average volume of 12,555,029. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $17,845.30, a PE ratio of 9.29, a P/E/G ratio of -9.82 and a beta of 0.79. Centurylink has a twelve month low of $13.16 and a twelve month high of $27.61.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Monday, March 5th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 13.21%. The ex-dividend date was Friday, March 2nd. Centurylink’s payout ratio is presently 122.73%.
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 Enterprise, 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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