CenturyLink, Inc. (NYSE:CTL) – Analysts at Oppenheimer Holdings cut their FY2017 earnings per share estimates for CenturyLink in a research note issued on Thursday. Oppenheimer Holdings analyst T. Horan now expects that the technology company will post earnings per share of $1.89 for the year, down from their prior estimate of $1.93. Oppenheimer Holdings has a “Outperform” rating and a $20.00 price target on the stock. Oppenheimer Holdings also issued estimates for CenturyLink’s Q4 2017 earnings at $0.49 EPS and FY2018 earnings at $1.37 EPS.
CenturyLink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The firm had revenue of $4.03 billion for the quarter, compared to analyst estimates of $4.06 billion. CenturyLink had a return on equity of 7.99% and a net margin of 1.89%. CenturyLink’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 EPS.
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A number of other research firms have also recently issued reports on CTL. BidaskClub raised shares of CenturyLink from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Cowen and Company restated a “neutral” rating on shares of CenturyLink in a report on Monday, August 14th. Zacks Investment Research upgraded CenturyLink from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Barclays PLC decreased their price objective on CenturyLink from $23.00 to $19.00 and set an “underweight” rating on the stock in a report on Wednesday, October 4th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $22.00 price objective on shares of CenturyLink in a report on Tuesday, October 3rd. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. CenturyLink has an average rating of “Hold” and a consensus price target of $23.07.
Shares of CenturyLink (NYSE CTL) opened at $14.40 on Monday. The company has a market cap of $8,425.51, a P/E ratio of 7.90, a PEG ratio of -4.81 and a beta of 0.88. CenturyLink has a one year low of $14.31 and a one year high of $27.61. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 15.00%. CenturyLink’s dividend payout ratio is currently 372.42%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Eaton Vance Management lifted its stake in CenturyLink by 0.5% in the second quarter. Eaton Vance Management now owns 12,640 shares of the technology company’s stock valued at $302,000 after buying an additional 57 shares during the last quarter. Wellington Shields & Co. LLC raised its stake in shares of CenturyLink by 1.1% during the second quarter. Wellington Shields & Co. LLC now owns 9,202 shares of the technology company’s stock worth $220,000 after purchasing an additional 99 shares during the last quarter. FTB Advisors Inc. raised its stake in shares of CenturyLink by 0.9% during the second quarter. FTB Advisors Inc. now owns 12,348 shares of the technology company’s stock worth $268,000 after purchasing an additional 116 shares during the last quarter. First Manhattan Co. raised its stake in shares of CenturyLink by 0.3% during the second quarter. First Manhattan Co. now owns 37,199 shares of the technology company’s stock worth $888,000 after purchasing an additional 126 shares during the last quarter. Finally, Sentry Investment Management LLC raised its stake in shares of CenturyLink by 0.5% during the second quarter. Sentry Investment Management LLC now owns 37,917 shares of the technology company’s stock worth $905,000 after purchasing an additional 174 shares during the last quarter. Institutional investors own 81.74% of the company’s stock.
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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