Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Announces Quarterly Earnings Results

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) issued its quarterly earnings results on Monday. The Wireless communications provider reported $0.16 earnings per share for the quarter, Zacks reports. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.47% and a net margin of 6.97%. The company had revenue of $1.67 billion during the quarter.

Here are the key takeaways from Turkcell Iletisim Hizmetleri AS’s conference call:

• Q3 revenue rose 6.2% in real terms to TRY 82 billion, EBITDA margin widened to 44.2%, and net income reached TRY 6.7 billion. Management said the results support its confidence in meeting full-year guidance.
• Subscriber and pricing trends were strong: Turkcell added 579,000 mobile subscribers, including 701,000 postpaid additions, while mobile churn fell to 1.6%. Fiber ARPU rose 34% year on year, and Superbox added 101,000 subscribers.
• Growth businesses contributed to diversification, with Digital Business Services revenue up 65% to TRY 10.5 billion and Paycell revenue up 23% to TRY 2.9 billion. Paycell’s active user base reached 7.1 million, and system-integration backlog totaled TRY 21.6 billion.
• Data center and cloud growth is facing delays as memory and server supply constraints, geopolitical uncertainty, and softer customer IT spending defer demand; management expects a more gradual growth trajectory this year. The quarter also included net FX losses, while net short FX exposure stood at about $1.3 billion.
• Turkcell ended the quarter with TRY 99 billion in cash and net debt to EBITDA of 0.31x, but upcoming investments include a $400 million headquarters purchase and an additional 11% stake in TOGG. Management expects leverage to remain below 1x after these outlays.

Turkcell Iletisim Hizmetleri AS Stock Down 1.3%

Turkcell Iletisim Hizmetleri AS stock traded down $0.07 during midday trading on Wednesday, hitting $4.79. 416,017 shares of the company were exchanged, compared to its average volume of 1,760,308. The company’s fifty day moving average price is $4.97 and its 200-day moving average price is $5.81. Turkcell Iletisim Hizmetleri AS has a fifty-two week low of $4.46 and a fifty-two week high of $7.18. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.49 and a quick ratio of 1.48. The company has a market cap of $4.22 billion, a PE ratio of 9.59 and a beta of 0.99.

Turkcell Iletisim Hizmetleri AS Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 10th will be issued a dividend of $0.2168 per share. This represents a dividend yield of 425.0%. The ex-dividend date is Thursday, December 10th. Turkcell Iletisim Hizmetleri AS’s dividend payout ratio (DPR) is presently 14.29%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Turkcell Iletisim Hizmetleri AS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, November 2nd. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Turkcell Iletisim Hizmetleri AS has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell İletişim Hizmetleri A.Ş. is a telecommunications and technology company headquartered in Istanbul, Türkiye. Founded in 1994, it provides mobile voice and data services, along with fixed broadband and television offerings. The company also develops digital services and technology solutions for consumers and businesses, including communications, payments, cloud, and data-center services. Its core market is Türkiye, and it serves customers in the Turkish Republic of Northern Cyprus through a local operation.