PT Telekomunikasi Indonesia, Tbk (TLK) to Release Quarterly Earnings on Thursday

Key Points

• PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) is expected to announce its quarterly earnings on Monday, August 4th, with anticipated earnings of $0.35 per share and revenue of approximately $37.31 billion.
• The company recently increased its annual dividend to $1.3038 per share from $1.11, resulting in a dividend yield of 580.0%.
• Goldman Sachs Group Inc. significantly raised its stake in PT Telekomunikasi Indonesia by 271.8%, while Millennium Management LLC increased its stake by an impressive 606.8% in the last quarter.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, July 31st. Analysts expect the company to announce earnings of $0.35 per share and revenue of $37,310.86 billion for the quarter.

PT Telekomunikasi Indonesia, Tbk Trading Down 0.4%

TLK traded down $0.08 on Wednesday, reaching $18.01. 1,337,546 shares of the company traded hands, compared to its average volume of 668,546. The company has a quick ratio of 0.87, a current ratio of 0.71 and a debt-to-equity ratio of 0.17. The company has a market cap of $17.84 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 2.87 and a beta of 0.63. The firm has a fifty day simple moving average of $17.00 and a two-hundred day simple moving average of $15.99. PT Telekomunikasi Indonesia, Tbk has a one year low of $13.15 and a one year high of $21.00.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 12th were given a dividend of $1.3038 per share. The ex-dividend date of this dividend was Thursday, June 12th. This is an increase from PT Telekomunikasi Indonesia, Tbk's previous annual dividend of $1.11. This represents a yield of 580.0%. PT Telekomunikasi Indonesia, Tbk's dividend payout ratio is 70.95%.

Hedge Funds Weigh In On PT Telekomunikasi Indonesia, Tbk

A number of hedge funds have recently bought and sold shares of the business. Millennium Management LLC lifted its position in PT Telekomunikasi Indonesia, Tbk by 606.8% in the first quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider's stock valued at $6,922,000 after buying an additional 402,344 shares during the last quarter. Royal Bank of Canada increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 20.7% during the first quarter. Royal Bank of Canada now owns 366,681 shares of the utilities provider's stock worth $5,416,000 after buying an additional 62,882 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 271.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 145,652 shares of the utilities provider's stock worth $2,151,000 after purchasing an additional 106,481 shares during the last quarter.

Analysts Set New Price Targets

Separately, New Street Research downgraded shares of PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th.

About PT Telekomunikasi Indonesia, Tbk

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.