SK Telecom (SKM) to Release Quarterly Earnings on Monday

SK Telecom (NYSE:SKM - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Monday, May 12th. Analysts expect the company to announce earnings of $0.61 per share and revenue of $3.12 billion for the quarter.

SK Telecom (NYSE:SKM - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The Wireless communications provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. The company had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $3.12 billion.

SK Telecom Trading Up 1.3%

Shares of NYSE SKM traded up $0.26 during midday trading on Friday, hitting $20.58. 621,299 shares of the company traded hands, compared to its average volume of 286,239. SK Telecom has a 12-month low of $19.84 and a 12-month high of $24.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91. The stock has a 50-day moving average price of $21.47 and a 200 day moving average price of $21.81. The firm has a market cap of $8.10 billion, a P/E ratio of 8.40, a P/E/G ratio of 1.27 and a beta of 0.63.

Wall Street Analysts Forecast Growth

SKM has been the topic of several research analyst reports. StockNews.com cut shares of SK Telecom from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut shares of SK Telecom from an "overweight" rating to a "neutral" rating in a report on Monday, May 12th. UBS Group assumed coverage on shares of SK Telecom in a report on Wednesday, February 19th. They issued a "buy" rating on the stock. The Goldman Sachs Group cut shares of SK Telecom from a "buy" rating to a "neutral" rating in a report on Monday, March 3rd. Finally, Citigroup cut shares of SK Telecom from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold".

Institutional Investors Weigh In On SK Telecom

A number of institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings in shares of SK Telecom by 46.9% during the first quarter. Goldman Sachs Group Inc. now owns 260,140 shares of the Wireless communications provider's stock valued at $5,531,000 after buying an additional 83,030 shares during the last quarter. Millennium Management LLC grew its position in shares of SK Telecom by 160.7% during the 1st quarter. Millennium Management LLC now owns 226,848 shares of the Wireless communications provider's stock valued at $4,823,000 after acquiring an additional 139,829 shares during the period. Royal Bank of Canada increased its stake in shares of SK Telecom by 8.2% in the 1st quarter. Royal Bank of Canada now owns 43,999 shares of the Wireless communications provider's stock worth $936,000 after purchasing an additional 3,316 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of SK Telecom in the 1st quarter worth $85,000.

About SK Telecom

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.