CenturyLink Inc. (NYSE:CTL) – Jefferies Group increased their FY2016 earnings per share estimates for CenturyLink in a report released on Tuesday. Jefferies Group analyst M. Mccormack now anticipates that the brokerage will post earnings per share of $2.51 for the year, up from their prior estimate of $2.49. Jefferies Group currently has a “Sell” rating on the stock. Jefferies Group also issued estimates for CenturyLink’s Q4 2016 earnings at $0.61 EPS and FY2017 earnings at $2.41 EPS.
CenturyLink (NYSE:CTL) last announced its earnings results on Wednesday, August 3rd. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.04. CenturyLink had a net margin of 5.47% and a return on equity of 11.02%. The company had revenue of $440 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same period last year, the firm earned $0.55 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis.
A number of other equities research analysts also recently issued reports on the stock. Morgan Stanley downgraded shares of CenturyLink from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $31.00 to $27.00 in a research report on Monday, July 18th. Macquarie started coverage on shares of CenturyLink in a research note on Monday, July 11th. They set a “neutral” rating and a $31.00 price target on the stock. Zacks Investment Research cut shares of CenturyLink from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Vetr upgraded shares of CenturyLink from a “hold” rating to a “buy” rating and set a $29.33 price target on the stock in a research note on Wednesday, August 31st. Finally, Evercore ISI started coverage on shares of CenturyLink in a research note on Tuesday, June 21st. They issued a “hold” rating and a $28.00 target price on the stock. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. CenturyLink currently has an average rating of “Hold” and a consensus price target of $28.44.
CenturyLink (NYSE:CTL) opened at 27.34 on Thursday. The company has a market capitalization of $14.93 billion, a PE ratio of 15.31 and a beta of 0.80. CenturyLink has a one year low of $21.94 and a one year high of $32.94. The stock’s 50 day moving average is $27.60 and its 200 day moving average is $29.09.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $2.16 annualized dividend and a yield of 7.90%. CenturyLink’s dividend payout ratio (DPR) is 120.67%.
A number of institutional investors have recently modified their holdings of the stock. Quadrature Capital Ltd increased its position in shares of CenturyLink by 190.5% in the first quarter. Quadrature Capital Ltd now owns 39,378 shares of the company’s stock valued at $1,258,000 after buying an additional 25,822 shares in the last quarter. Lazard Asset Management LLC increased its position in CenturyLink by 36.3% in the first quarter. Lazard Asset Management LLC now owns 79,485 shares of the company’s stock valued at $2,540,000 after buying an additional 21,175 shares during the period. Meeder Asset Management Inc. increased its position in CenturyLink by 857.0% in the first quarter. Meeder Asset Management Inc. now owns 44,969 shares of the company’s stock valued at $1,437,000 after buying an additional 40,270 shares during the period. State Street Corp increased its position in CenturyLink by 0.6% in the first quarter. State Street Corp now owns 30,716,866 shares of the company’s stock valued at $981,706,000 after buying an additional 171,326 shares during the period. Finally, BB&T Securities LLC increased its position in CenturyLink by 4.6% in the first quarter. BB&T Securities LLC now owns 38,970 shares of the company’s stock valued at $1,245,000 after buying an additional 1,722 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for CenturyLink Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenturyLink Inc. and related companies with MarketBeat.com's FREE daily email newsletter.