Brokerages Expect Centurylink Inc (CTL) Will Announce Quarterly Sales of $5.69 Billion

Analysts predict that Centurylink Inc (NYSE:CTL) will post sales of $5.69 billion for the current quarter, according to Zacks. Four analysts have issued estimates for Centurylink’s earnings. The highest sales estimate is $5.97 billion and the lowest is $5.39 billion. Centurylink posted sales of $4.29 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 32.6%. The firm is expected to report its next earnings report after the market closes on Wednesday, February 14th.

On average, analysts expect that Centurylink will report full-year sales of $5.69 billion for the current fiscal year, with estimates ranging from $17.67 billion to $18.31 billion. For the next year, analysts anticipate that the company will post sales of $23.93 billion per share, with estimates ranging from $23.48 billion to $24.54 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Centurylink.

CTL has been the topic of a number of analyst reports. ValuEngine lowered shares of Centurylink from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada raised shares of Centurylink from a “sector perform” rating to an “outperform” rating in a research report on Thursday, January 25th. They noted that the move was a valuation call. SunTrust Banks reissued a “hold” rating and set a $25.00 price target on shares of Centurylink in a research report on Wednesday, November 1st. Goldman Sachs Group raised shares of Centurylink from a “sell” rating to a “neutral” rating and set a $19.00 price target for the company in a research report on Monday, January 8th. Finally, Jefferies Group decreased their price target on shares of Centurylink to $17.00 and set a “hold” rating for the company in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.37.

Centurylink (CTL) traded up $0.37 on Friday, hitting $17.58. 18,630,325 shares of the stock were exchanged, compared to its average volume of 12,130,000. The stock has a market capitalization of $18,790.00, a price-to-earnings ratio of 30.31, a P/E/G ratio of -7.30 and a beta of 0.82. Centurylink has a 12 month low of $13.16 and a 12 month high of $27.61. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82.

In other Centurylink news, Director Virginia Boulet acquired 5,095 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was purchased at an average price of $15.48 per share, with a total value of $78,870.60. Following the completion of the acquisition, the director now directly owns 42,820 shares in the company, valued at approximately $662,853.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman William Bruce Hanks acquired 10,000 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was acquired at an average cost of $14.41 per share, with a total value of $144,100.00. Following the acquisition, the insider now owns 58,722 shares of the company’s stock, valued at $846,184.02. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 150,595 shares of company stock valued at $2,154,131. 0.61% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in CTL. Standard Life Aberdeen plc lifted its stake in Centurylink by 1,216.8% in the fourth quarter. Standard Life Aberdeen plc now owns 6,682,023 shares of the technology company’s stock valued at $111,491,000 after buying an additional 6,174,561 shares during the last quarter. Geode Capital Management LLC lifted its stake in Centurylink by 82.4% in the fourth quarter. Geode Capital Management LLC now owns 10,371,954 shares of the technology company’s stock valued at $172,650,000 after buying an additional 4,685,323 shares during the last quarter. ACR Alpine Capital Research LLC bought a new stake in Centurylink in the fourth quarter valued at $70,510,000. Beck Mack & Oliver LLC lifted its stake in Centurylink by 352.4% in the fourth quarter. Beck Mack & Oliver LLC now owns 4,265,697 shares of the technology company’s stock valued at $71,152,000 after buying an additional 3,322,807 shares during the last quarter. Finally, West Family Investments Inc. bought a new stake in Centurylink in the fourth quarter valued at $42,435,000. 43.43% of the stock is owned by hedge funds and other institutional investors.

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About Centurylink

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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Earnings History and Estimates for Centurylink (NYSE:CTL)

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