Chunghwa Telecom (CHT) Projected to Post Earnings on Tuesday

Chunghwa Telecom (NYSE:CHT) is expected to release its results before the market opens on Tuesday, February 3rd. Analysts expect Chunghwa Telecom to post earnings of $0.3797 per share and revenue of $1.8398 billion for the quarter.

Chunghwa Telecom (NYSE:CHT) last released its earnings results on Monday, November 10th. The utilities provider reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. Chunghwa Telecom had a return on equity of 9.80% and a net margin of 16.30%.The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.93 billion.

Chunghwa Telecom Price Performance

Shares of CHT opened at $42.71 on Tuesday. Chunghwa Telecom has a 52-week low of $37.03 and a 52-week high of $47.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.30 and a current ratio of 1.50. The business’s 50 day moving average price is $41.72 and its two-hundred day moving average price is $43.08. The firm has a market cap of $33.13 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 5.80 and a beta of 0.30.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a report on Wednesday, January 21st. Zacks Research upgraded Chunghwa Telecom to a “hold” rating in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Institutional Trading of Chunghwa Telecom

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in Chunghwa Telecom by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 476,602 shares of the utilities provider’s stock worth $20,790,000 after buying an additional 23,620 shares during the last quarter. Creative Planning raised its stake in shares of Chunghwa Telecom by 20.0% during the third quarter. Creative Planning now owns 380,892 shares of the utilities provider’s stock worth $16,615,000 after acquiring an additional 63,523 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Chunghwa Telecom by 9.2% in the 3rd quarter. Bank of America Corp DE now owns 339,330 shares of the utilities provider’s stock worth $14,802,000 after acquiring an additional 28,625 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Chunghwa Telecom by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 144,314 shares of the utilities provider’s stock valued at $6,295,000 after purchasing an additional 889 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of Chunghwa Telecom by 142.6% during the 2nd quarter. Quantinno Capital Management LP now owns 129,440 shares of the utilities provider’s stock valued at $6,033,000 after purchasing an additional 76,087 shares during the last quarter. Hedge funds and other institutional investors own 2.11% of the company’s stock.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.