$0.53 Earnings Per Share Expected for Centurylink Inc (CTL) This Quarter

Analysts expect Centurylink Inc (NYSE:CTL) to post $0.53 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Centurylink’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.52. Centurylink posted earnings per share of $0.71 during the same quarter last year, which indicates a negative year-over-year growth rate of 25.4%. The business is scheduled to announce its next earnings results after the market closes on Wednesday, May 3rd.

On average, analysts expect that Centurylink will report full-year earnings of $2.16 per share for the current financial year, with EPS estimates ranging from $1.99 to $2.27. For the next financial year, analysts forecast that the company will post earnings of $2.05 per share, with EPS estimates ranging from $1.53 to $2.39. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Centurylink.

Centurylink (NYSE:CTL) last issued its quarterly earnings results on Wednesday, February 8th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.02. Centurylink had a net margin of 3.58% and a return on equity of 9.58%. The firm had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the prior year, the company earned $0.80 EPS. The firm’s quarterly revenue was down 4.2% on a year-over-year basis.

Several equities analysts have recently commented on the company. Moffett Nathanson assumed coverage on Centurylink in a research report on Tuesday, February 28th. They issued a “neutral” rating and a $23.00 price objective on the stock. Vetr upgraded Centurylink from a “buy” rating to a “strong-buy” rating and set a $27.84 price objective on the stock in a research report on Wednesday, February 8th. Zacks Investment Research downgraded Centurylink from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 5th. Macquarie restated a “neutral” rating and issued a $30.00 price objective on shares of Centurylink in a research report on Thursday, December 29th. Finally, Goldman Sachs Group Inc restated a “sell” rating and issued a $19.00 price objective on shares of Centurylink in a research report on Saturday, March 25th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Centurylink has an average rating of “Hold” and a consensus price target of $26.71.

A number of large investors have recently modified their holdings of CTL. Kwmg LLC boosted its stake in shares of Centurylink by 11.8% in the third quarter. Kwmg LLC now owns 33,494 shares of the technology company’s stock valued at $919,000 after buying an additional 3,535 shares during the last quarter. Alpha Cubed Investments LLC bought a new stake in shares of Centurylink during the third quarter valued at $213,000. Boston Advisors LLC bought a new stake in shares of Centurylink during the third quarter valued at $5,427,000. Conning Inc. boosted its stake in shares of Centurylink by 9.3% in the third quarter. Conning Inc. now owns 16,999 shares of the technology company’s stock valued at $466,000 after buying an additional 1,450 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Centurylink by 6.1% in the third quarter. State of Alaska Department of Revenue now owns 23,744 shares of the technology company’s stock valued at $651,000 after buying an additional 1,369 shares during the last quarter. 73.98% of the stock is currently owned by institutional investors.

Shares of Centurylink (NYSE:CTL) traded up 0.79% on Monday, hitting $25.49. The stock had a trading volume of 8,716,160 shares. Centurylink has a 12 month low of $22.33 and a 12 month high of $33.45. The stock has a market cap of $13.93 billion, a PE ratio of 21.97 and a beta of 0.83. The stock has a 50 day moving average of $23.70 and a 200-day moving average of $24.89.

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About Centurylink

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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