Centurylink (CTL) Announces Earnings Results, Misses Expectations By $0.14 EPS

Centurylink (NYSE:CTL) announced its earnings results on Wednesday. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14), Bloomberg Earnings reports. Centurylink had a return on equity of 7.99% and a net margin of 1.89%. During the same quarter last year, the business posted $0.54 EPS.

Shares of Centurylink (NYSE CTL) traded up $1.00 on Thursday, hitting $18.58. 6,563,073 shares of the company’s stock were exchanged, compared to its average volume of 12,001,796. The firm has a market cap of $19,980.00, a price-to-earnings ratio of 32.03, a PEG ratio of -7.50 and a beta of 0.82. Centurylink has a 52 week low of $13.16 and a 52 week high of $27.61. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82.

A number of analysts recently issued reports on the stock. ValuEngine lowered shares of Centurylink from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Oppenheimer decreased their target price on shares of Centurylink from $28.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. JPMorgan Chase & Co. restated a “buy” rating and set a $26.00 target price on shares of Centurylink in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of Centurylink from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, UBS Group decreased their target price on shares of Centurylink from $29.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Centurylink currently has a consensus rating of “Hold” and a consensus target price of $22.37.

In other Centurylink news, COO Jeffrey K. Storey bought 71,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were acquired at an average price of $14.30 per share, with a total value of $1,015,300.00. Following the purchase, the chief operating officer now owns 2,498,668 shares in the company, valued at approximately $35,730,952.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Glen F. Post III bought 50,000 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was acquired at an average cost of $14.17 per share, for a total transaction of $708,500.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 150,595 shares of company stock worth $2,154,131. 0.61% of the stock is owned by company insiders.

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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.

Earnings History for Centurylink (NYSE:CTL)

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