Q3 2017 EPS Estimates for CenturyLink, Inc. Cut by Oppenheimer Holdings (CTL)

CenturyLink, Inc. (NYSE:CTL) – Stock analysts at Oppenheimer Holdings dropped their Q3 2017 earnings per share estimates for CenturyLink in a research report issued on Tuesday. Oppenheimer Holdings analyst T. Horan now anticipates that the technology company will post earnings per share of $0.48 for the quarter, down from their previous forecast of $0.51.

CenturyLink (NYSE:CTL) last announced its earnings results on Wednesday, May 3rd. The technology company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by $0.01. CenturyLink had a net margin of 3.20% and a return on equity of 8.96%. The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the previous year, the company earned $0.71 EPS. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis.

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A number of other research analysts also recently issued reports on CTL. Cowen and Company restated a “hold ctl” rating on shares of CenturyLink in a report on Thursday, July 6th. BidaskClub downgraded CenturyLink from a “hold” rating to a “sell” rating in a report on Wednesday. Royal Bank Of Canada reiterated a “hold” rating and set a $25.00 target price on shares of CenturyLink in a report on Thursday, May 25th. ValuEngine downgraded CenturyLink from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Vetr upgraded CenturyLink from a “buy” rating to a “strong-buy” rating and set a $27.12 target price on the stock in a report on Monday, May 8th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $26.01.

Shares of CenturyLink (CTL) opened at 22.78 on Wednesday. The company’s 50 day moving average price is $25.26 and its 200 day moving average price is $24.70. The company has a market cap of $12.50 billion, a price-to-earnings ratio of 22.33 and a beta of 0.88. CenturyLink has a 12 month low of $22.33 and a 12 month high of $33.45.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Monday, June 5th were given a $0.54 dividend. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $2.16 annualized dividend and a yield of 9.48%. CenturyLink’s dividend payout ratio (DPR) is presently 211.77%.

A number of institutional investors have recently added to or reduced their stakes in CTL. Cleararc Capital Inc. boosted its position in CenturyLink by 0.7% in the first quarter. Cleararc Capital Inc. now owns 13,386 shares of the technology company’s stock valued at $316,000 after buying an additional 93 shares during the period. Bollard Group LLC boosted its position in CenturyLink by 0.8% in the first quarter. Bollard Group LLC now owns 13,754 shares of the technology company’s stock valued at $324,000 after buying an additional 103 shares during the period. BB&T Corp boosted its position in CenturyLink by 0.8% in the first quarter. BB&T Corp now owns 14,033 shares of the technology company’s stock valued at $331,000 after buying an additional 109 shares during the period. Ffcm LLC boosted its position in CenturyLink by 0.8% in the first quarter. Ffcm LLC now owns 24,717 shares of the technology company’s stock valued at $583,000 after buying an additional 195 shares during the period. Finally, National Asset Management Inc. boosted its position in CenturyLink by 2.3% in the first quarter. National Asset Management Inc. now owns 9,802 shares of the technology company’s stock valued at $232,000 after buying an additional 225 shares during the period. 77.47% 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 its residential and business customers. Its segments include business, 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.

Earnings History and Estimates for CenturyLink (NYSE:CTL)

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