SK Telecom (SKM) to Release Earnings on Wednesday

SK Telecom (NYSE:SKM) is expected to post its quarterly earnings results before the market opens on Wednesday, May 14th. Analysts expect SK Telecom to post earnings of $0.61 per share and revenue of $3.12 billion for the quarter.

SK Telecom (NYSE:SKM) last released its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%.

SK Telecom Price Performance

SK Telecom stock opened at $20.59 on Monday. SK Telecom has a 52-week low of $20.28 and a 52-week high of $24.58. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $8.11 billion, a P/E ratio of 8.44, a PEG ratio of 1.27 and a beta of 0.63. The firm has a fifty day moving average of $21.59 and a 200-day moving average of $21.89.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Citigroup downgraded shares of SK Telecom from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. The Goldman Sachs Group downgraded shares of SK Telecom from a “buy” rating to a “neutral” rating in a research note on Monday, March 3rd. StockNews.com downgraded shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Finally, UBS Group assumed coverage on shares of SK Telecom in a research note on Wednesday, February 19th. They set a “buy” rating on the stock.

About SK Telecom

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.