Freenet (FRTAF) Expected to Announce Earnings on Thursday

Key Points

• Freenet is scheduled to announce quarterly results after the market close on May 14, with analysts forecasting $0.6040 EPS and $711.612 million in revenue.
• In the prior quarter Freenet reported $0.65 EPS (below the $0.74 consensus) while beating revenue expectations at $712.21 million, with a reported return on equity of 18.23% and a net margin of 11.14%.
• Analyst sentiment is mixed-to-negative (average rating: “Reduce” — 1 Buy, 2 Hold, 2 Sell), and the stock trades around $29.77 with a market cap of $3.54 billion and a P/E of 11.45.

Freenet (OTCMKTS:FRTAF - Get Free Report) is expected to issue its results after the market closes on Thursday, May 14th. Analysts expect the company to announce earnings of $0.6040 per share and revenue of $711.6120 million for the quarter.

Freenet (OTCMKTS:FRTAF - Get Free Report) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.09). The business had revenue of $712.21 million during the quarter, compared to analysts' expectations of $611.50 million. Freenet had a return on equity of 18.23% and a net margin of 11.14%.

Freenet Stock Performance

FRTAF stock opened at $29.77 on Thursday. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 11.45 and a beta of -0.03. The firm has a 50-day simple moving average of $31.40 and a two-hundred day simple moving average of $32.45. Freenet has a one year low of $29.77 and a one year high of $35.41.

Analysts Set New Price Targets

FRTAF has been the subject of several analyst reports. Citigroup reissued a "neutral" rating on shares of Freenet in a research report on Tuesday, April 21st. DZ Bank lowered shares of Freenet from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 13th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Freenet in a research report on Wednesday, January 21st. Finally, UBS Group lowered shares of Freenet from a "buy" rating to a "sell" rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce".

About Freenet

Freenet AG is a Germany-based telecommunications and digital services provider offering a broad portfolio of consumer and business solutions. The company specializes in distributing mobile communications services, including contract and prepaid offerings from major network operators, as well as providing broadband internet access, cable and IPTV television, and related hardware such as routers and set-top boxes. Through its digital lifestyle segment, Freenet AG also delivers value-added services and digital content, ranging from music and video streaming to online gaming and e-books.

In its mobile communications division, Freenet AG acts as a sales and service partner for leading German network operators, managing customer acquisition, billing, and technical support.

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