PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Issues Earnings Results, Beats Expectations By $0.73 EPS

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) released its quarterly earnings data on Monday. The utilities provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.73, FiscalAI reports. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.30 billion. PT Telekomunikasi Indonesia, Tbk had a net margin of 14.78% and a return on equity of 13.86%.

PT Telekomunikasi Indonesia, Tbk Trading Down 1.6%

Shares of TLK traded down $0.27 during mid-day trading on Tuesday, hitting $16.82. The company had a trading volume of 157,439 shares, compared to its average volume of 727,450. PT Telekomunikasi Indonesia, Tbk has a 1-year low of $15.63 and a 1-year high of $23.51. The business’s 50-day simple moving average is $18.31 and its 200-day simple moving average is $20.16. The stock has a market cap of $16.66 billion, a PE ratio of 12.46, a P/E/G ratio of 2.34 and a beta of 0.36. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On PT Telekomunikasi Indonesia, Tbk

Institutional investors have recently added to or reduced their stakes in the company. Compound Planning Inc. increased its position in shares of PT Telekomunikasi Indonesia, Tbk by 39.2% in the fourth quarter. Compound Planning Inc. now owns 14,759 shares of the utilities provider’s stock worth $311,000 after acquiring an additional 4,158 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 44.8% during the 4th quarter. Corient Private Wealth LLC now owns 23,652 shares of the utilities provider’s stock valued at $496,000 after acquiring an additional 7,321 shares in the last quarter. Millennium Management LLC acquired a new position in shares of PT Telekomunikasi Indonesia, Tbk during the 4th quarter valued at $336,000. Inspire Investing LLC purchased a new stake in PT Telekomunikasi Indonesia, Tbk during the 4th quarter worth $90,000. Finally, Balyasny Asset Management L.P. purchased a new stake in PT Telekomunikasi Indonesia, Tbk during the 4th quarter worth $241,000.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of PT Telekomunikasi Indonesia, Tbk from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Company Profile

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.