Centurylink Inc (NYSE:CTL) – Stock analysts at Oppenheimer issued their Q1 2018 earnings estimates for shares of Centurylink in a report issued on Friday, according to Zacks Investment Research. Oppenheimer analyst T. Horan anticipates that the technology company will post earnings per share of $0.12 for the quarter. Oppenheimer currently has a “Buy” rating and a $20.00 price target on the stock. Oppenheimer also issued estimates for Centurylink’s Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.20 EPS and FY2019 earnings at $0.81 EPS.
A number of other research firms also recently weighed in on CTL. Cowen set a $19.00 target price on Centurylink and gave the company a “hold” rating in a report on Thursday, February 15th. Zacks Investment Research downgraded Centurylink from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Barclays reissued a “hold” rating and issued a $17.00 target price on shares of Centurylink in a report on Friday, February 16th. Bank of America set a $27.00 target price on Centurylink and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Guggenheim assumed coverage on Centurylink in a report on Tuesday. They issued a “neutral” rating and a $17.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.65.
Centurylink (NYSE:CTL) last posted its earnings results on Wednesday, February 14th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). Centurylink had a net margin of 7.87% and a return on equity of 5.88%. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.69 billion. During the same period in the prior year, the company posted $0.54 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Monday, March 5th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 12.46%. The ex-dividend date is Friday, March 2nd. Centurylink’s dividend payout ratio (DPR) is currently 415.38%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Standard Life Aberdeen plc grew its position in shares of Centurylink by 1,216.8% during the fourth quarter. Standard Life Aberdeen plc now owns 6,682,023 shares of the technology company’s stock worth $111,491,000 after purchasing an additional 6,174,561 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Centurylink by 82.4% during the fourth quarter. Geode Capital Management LLC now owns 10,371,954 shares of the technology company’s stock worth $172,650,000 after purchasing an additional 4,685,323 shares in the last quarter. ACR Alpine Capital Research LLC purchased a new stake in shares of Centurylink during the fourth quarter worth about $70,510,000. Beck Mack & Oliver LLC grew its position in shares of Centurylink by 352.4% during the fourth quarter. Beck Mack & Oliver LLC now owns 4,265,697 shares of the technology company’s stock worth $71,152,000 after purchasing an additional 3,322,807 shares in the last quarter. Finally, West Family Investments Inc. purchased a new stake in shares of Centurylink during the fourth quarter worth about $42,435,000. 86.09% of the stock is currently 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 its residential and business customers. Its segments include Enterprise, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and Consumer, which provides strategic and legacy products and services to residential customers.
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