Equities analysts expect Lumen Technologies, Inc. (NYSE:LUMN - Get Rating) to post $4.62 billion in sales for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Lumen Technologies' earnings, with the highest sales estimate coming in at $4.72 billion and the lowest estimate coming in at $4.57 billion. Lumen Technologies reported sales of $4.92 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 6.1%. The firm is scheduled to announce its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Lumen Technologies will report full year sales of $17.51 billion for the current year, with estimates ranging from $16.76 billion to $18.45 billion. For the next financial year, analysts expect that the firm will post sales of $15.89 billion, with estimates ranging from $14.66 billion to $17.89 billion. Zacks Investment Research's sales calculations are an average based on a survey of sell-side research analysts that cover Lumen Technologies.
Lumen Technologies (NYSE:LUMN - Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The technology company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.17. Lumen Technologies had a net margin of 11.16% and a return on equity of 18.72%. The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period in the previous year, the business posted $0.44 earnings per share. The business's revenue was down 7.0% compared to the same quarter last year.
Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Lumen Technologies from a "hold" rating to a "strong sell" rating and set a $9.75 price target for the company. in a research report on Tuesday, April 19th. TheStreet upgraded shares of Lumen Technologies from a "c+" rating to a "b" rating in a research note on Friday, February 11th. Finally, Moffett Nathanson cut their price objective on shares of Lumen Technologies from $10.00 to $8.00 in a research report on Wednesday, February 16th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $10.44.
Shares of NYSE LUMN opened at $11.59 on Friday. Lumen Technologies has a 12-month low of $9.31 and a 12-month high of $15.45. The company has a market capitalization of $11.97 billion, a PE ratio of 5.63, a price-to-earnings-growth ratio of 0.92 and a beta of 1.03. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.08 and a quick ratio of 2.08. The firm's 50-day moving average is $11.04 and its two-hundred day moving average is $11.84.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Tuesday, March 8th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.63%. The ex-dividend date was Monday, March 7th. Lumen Technologies's dividend payout ratio is 48.54%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. SVB Wealth LLC increased its holdings in shares of Lumen Technologies by 7.9% during the first quarter. SVB Wealth LLC now owns 18,743 shares of the technology company's stock valued at $212,000 after acquiring an additional 1,370 shares in the last quarter. Ontario Teachers Pension Plan Board increased its stake in Lumen Technologies by 126.9% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 65,667 shares of the technology company's stock worth $740,000 after acquiring an additional 36,724 shares during the last quarter. Northern Trust Corp increased its position in shares of Lumen Technologies by 0.9% during the 1st quarter. Northern Trust Corp now owns 11,827,259 shares of the technology company's stock valued at $133,292,000 after purchasing an additional 101,765 shares during the last quarter. DC Investments Management LLC purchased a new stake in Lumen Technologies during the 1st quarter valued at about $117,000. Finally, Jaffetilchin Investment Partners LLC purchased a new stake in Lumen Technologies in the 1st quarter worth approximately $356,000. Institutional investors own 77.22% of the company's stock.
About Lumen Technologies (Get Rating)
Lumen Technologies, Inc, a facilities-based technology and communications company, provides various integrated products and services under the Lumen, Quantum Fiber, and CenturyLink brands to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets.
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