Swisscom (SCMWY) Projected to Announce Earnings on Thursday

Swisscom (OTCMKTS:SCMWY) is expected to be issuing its results before the market opens on Thursday, August 6th. Analysts expect the company to announce earnings of $0.7350 per share and revenue of $4.4819 billion for the quarter.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). The company had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.67 billion. Swisscom had a return on equity of 10.63% and a net margin of 8.30%. On average, analysts expect Swisscom to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Swisscom Price Performance

OTCMKTS:SCMWY opened at $78.53 on Thursday. Swisscom has a 12-month low of $68.01 and a 12-month high of $94.63. The firm has a market cap of $406.78 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.91 and a beta of 0.28. The company’s 50-day moving average is $79.85 and its two-hundred day moving average is $83.59. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.15.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SCMWY shares. BNP Paribas Exane downgraded shares of Swisscom from an “outperform” rating to a “hold” rating in a research note on Tuesday, April 14th. Citigroup reiterated a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. Finally, Morgan Stanley downgraded Swisscom to an “underweight” rating in a research report on Thursday, June 11th. Five analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Swisscom Company Profile

Swisscom AG is Switzerland’s leading telecommunications provider, offering a broad range of consumer and business communications services. Its core activities include mobile and fixed-line telephony, broadband internet, and digital television for residential customers, together with comprehensive information and communications technology (ICT) solutions for corporate and public-sector clients. The company also develops and markets cloud computing, data center, IoT and cybersecurity services, and supplies wholesale network access to other operators and service providers.

Swisscom’s origins lie in the Swiss state telecommunications system; over time it evolved from a government monopoly into a partly privatized joint-stock company while remaining majority-owned by the Swiss Confederation.