Chunghwa Telecom Co., Ltd. (CHT) Posts Earnings Results

Chunghwa Telecom Co., Ltd. (NYSE:CHT) issued its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04, Morningstar.com reports. Chunghwa Telecom Co. had a return on equity of 10.25% and a net margin of 16.49%. The company had revenue of $1.84 billion during the quarter.

Shares of Chunghwa Telecom Co. (CHT) traded up 0.18% during mid-day trading on Tuesday, reaching $33.90. The company had a trading volume of 151,236 shares. The company has a market cap of $26.30 billion, a price-to-earnings ratio of 20.93 and a beta of 0.33. The firm’s 50-day moving average price is $35.11 and its 200 day moving average price is $34.14. Chunghwa Telecom Co. has a 52-week low of $31.28 and a 52-week high of $37.39.

The company also recently disclosed an annual dividend, which will be paid on Friday, September 1st. Investors of record on Friday, July 21st will be given a $1.6294 dividend. This represents a yield of 4.57%. This is a positive change from Chunghwa Telecom Co.’s previous annual dividend of $1.33. The ex-dividend date is Wednesday, July 19th. Chunghwa Telecom Co.’s dividend payout ratio (DPR) is presently 82.58%.

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Large investors have recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. boosted its position in shares of Chunghwa Telecom Co. by 3.6% in the first quarter. Eqis Capital Management Inc. now owns 7,005 shares of the utilities provider’s stock worth $238,000 after buying an additional 246 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Chunghwa Telecom Co. by 58.8% in the first quarter. Parametric Portfolio Associates LLC now owns 536,830 shares of the utilities provider’s stock worth $18,241,000 after buying an additional 198,762 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Chunghwa Telecom Co. by 2.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,531 shares of the utilities provider’s stock worth $698,000 after buying an additional 446 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Chunghwa Telecom Co. by 0.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 29,832 shares of the utilities provider’s stock worth $1,014,000 after buying an additional 248 shares during the last quarter. Finally, Tdam USA Inc. boosted its position in shares of Chunghwa Telecom Co. by 13.4% in the first quarter. Tdam USA Inc. now owns 8,461 shares of the utilities provider’s stock worth $288,000 after buying an additional 1,000 shares during the last quarter. 3.57% of the stock is owned by institutional investors.

CHT has been the subject of a number of research analyst reports. Zacks Investment Research raised Chunghwa Telecom Co. from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Monday, May 29th. BidaskClub cut Chunghwa Telecom Co. from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, UBS AG cut Chunghwa Telecom Co. from a “buy” rating to a “sell” rating in a report on Friday, May 12th. Three investment analysts have rated the stock with a sell rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $40.00.

Chunghwa Telecom Co. Company Profile

Chunghwa Telecom Co, Ltd. provides telecommunication services. The Company’s segments include Domestic fixed communications business, which is engaged in the provision of local telephone services, domestic long distance telephone services, broadband access and related services; Mobile communications business, which is engaged in the provision of mobile services, sales of mobile handsets and data cards, and related services; Internet business, which is engaged in the provision of HiNet services and related services; International fixed communications business, which includes international long distance telephone services, international leased line services, international data services, satellite services, and information and communication technology (ICT) and other international services, and Others, which is engaged in the provision of non-telecom services.

Earnings History for Chunghwa Telecom Co. (NYSE:CHT)

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