Q3 2016 Earnings Estimate for CenturyLink Inc. (CTL) Issued By Jefferies Group
CenturyLink Inc. (NYSE:CTL) – Research analysts at Jefferies Group dropped their Q3 2016 earnings estimates for shares of CenturyLink in a research report issued on Tuesday. Jefferies Group analyst M. Mccormack now anticipates that the brokerage will post earnings of $0.55 per share for the quarter, down from their previous estimate of $0.57. Jefferies Group currently has a “Sell” rating on the stock.
CenturyLink (NYSE:CTL) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $440 billion for the quarter, compared to the consensus estimate of $4.39 billion. CenturyLink had a return on equity of 11.02% and a net margin of 5.47%. CenturyLink’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of CenturyLink from a “sell” rating to a “hold” rating in a research report on Thursday. Macquarie reaffirmed a “neutral” rating and issued a $30.00 price target (down from $31.00) on shares of CenturyLink in a report on Tuesday, September 13th. Vetr raised shares of CenturyLink from a “hold” rating to a “buy” rating and set a $29.33 price target for the company in a report on Wednesday, August 31st. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $31.00 price target (up from $29.00) on shares of CenturyLink in a report on Wednesday, August 10th. Finally, Royal Bank Of Canada lifted their price target on shares of CenturyLink from $29.00 to $31.00 and gave the company a “sector perform” rating in a report on Monday, August 8th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $28.44.
Shares of CenturyLink (NYSE:CTL) opened at 27.39 on Wednesday. The firm’s 50-day moving average price is $27.66 and its 200 day moving average price is $29.12. The company has a market cap of $14.95 billion, a PE ratio of 15.34 and a beta of 0.80. CenturyLink has a 12 month low of $21.94 and a 12 month high of $32.94.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 7.89%. The ex-dividend date of this dividend was Wednesday, August 31st. CenturyLink’s payout ratio is 120.67%.
A number of hedge funds and other institutional investors have recently bought and sold shares of CTL. Acrospire Investment Management LLC bought a new stake in shares of CenturyLink during the first quarter worth $109,000. Bessemer Group Inc. raised its stake in shares of CenturyLink by 44.5% in the first quarter. Bessemer Group Inc. now owns 3,450 shares of the company’s stock worth $110,000 after buying an additional 1,062 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in shares of CenturyLink by 14.7% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 3,892 shares of the company’s stock worth $113,000 after buying an additional 500 shares in the last quarter. Washington Trust Bank raised its stake in shares of CenturyLink by 13.8% in the second quarter. Washington Trust Bank now owns 4,597 shares of the company’s stock worth $133,000 after buying an additional 558 shares in the last quarter. Finally, Bellwether Investment Group LLC bought a new stake in shares of CenturyLink during the second quarter worth $134,000. 73.33% of the stock is owned by hedge funds and other institutional investors.
CenturyLink Company Profile
CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to residential and business customers. The Company’s segments include Business and Consumer. Its communications services include local and long-distance voice, high-speed Internet, Multi-Protocol Label Switching (MPLS), private line (including special access), data integration, Ethernet, colocation, managed hosting (including cloud hosting), network, public access, video, wireless and other ancillary services.
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