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

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 release its earnings data before the market opens on Monday, August 4th. Analysts expect PT Telekomunikasi Indonesia, Tbk to post earnings of $0.35 per share and revenue of $37,310.86 billion for the quarter.

PT Telekomunikasi Indonesia, Tbk Stock Performance

Shares of PT Telekomunikasi Indonesia, Tbk stock traded up $0.39 during trading hours on Monday, reaching $18.23. The company had a trading volume of 574,256 shares, compared to its average volume of 553,237. PT Telekomunikasi Indonesia, Tbk has a one year low of $13.15 and a one year high of $21.00. The business has a fifty day simple moving average of $16.95 and a 200 day simple moving average of $15.96. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.89 and a quick ratio of 0.87. The firm has a market cap of $18.05 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 2.81 and a beta of 0.63.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

The business also recently declared an annual dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 12th were issued a $1.3038 dividend. 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 dividend yield of 580.0%. PT Telekomunikasi Indonesia, Tbk's dividend payout ratio is 70.95%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in PT Telekomunikasi Indonesia, Tbk by 20.7% during the 1st quarter. Royal Bank of Canada now owns 366,681 shares of the utilities provider's stock valued at $5,416,000 after purchasing an additional 62,882 shares during the period. Millennium Management LLC increased its holdings in PT Telekomunikasi Indonesia, Tbk by 606.8% during the 1st quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider's stock valued at $6,922,000 after purchasing an additional 402,344 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in 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 valued at $2,151,000 after purchasing an additional 106,481 shares during the period.

Analysts Set New Price Targets

Separately, New Street Research lowered PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a research note 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.