Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Releases Quarterly Earnings Results

Key Points

• Turkcell Iletisim Hizmetleri AS reported quarterly earnings of $0.13 per share, with a return on equity of 6.56% and a net margin of 13.52%.
• The company declared a dividend of $0.0866 per share, yielding 402.0%, with a payout ratio of 10.88%.
• Large investors have recently increased their stakes in Turkcell, with JPMorgan Chase & Co. growing their stake by 102.5% in the second quarter.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) announced its earnings results on Wednesday. The Wireless communications provider reported $0.13 EPS for the quarter, Zacks reports. The firm had revenue of $1.37 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 7.03% and a net margin of 13.15%.

Turkcell Iletisim Hizmetleri AS Trading Up 0.3%

Shares of NYSE:TKC traded up $0.02 during midday trading on Monday, reaching $5.86. The company's stock had a trading volume of 688,322 shares, compared to its average volume of 729,689. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 3.98 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.72 and a current ratio of 1.73. The firm has a 50 day moving average price of $5.88 and a two-hundred day moving average price of $6.31. Turkcell Iletisim Hizmetleri AS has a fifty-two week low of $5.54 and a fifty-two week high of $7.73.

Turkcell Iletisim Hizmetleri AS Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were paid a $0.0866 dividend. This represents a dividend yield of 402.0%. The ex-dividend date of this dividend was Monday, June 23rd. Turkcell Iletisim Hizmetleri AS's payout ratio is currently 10.88%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Turkcell Iletisim Hizmetleri AS from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TKC. JPMorgan Chase & Co. lifted its stake in shares of Turkcell Iletisim Hizmetleri AS by 102.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,829 shares of the Wireless communications provider's stock valued at $47,000 after purchasing an additional 3,963 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 51.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 22,358 shares of the Wireless communications provider's stock worth $135,000 after purchasing an additional 7,626 shares in the last quarter. Evergreen Capital Management LLC bought a new position in shares of Turkcell Iletisim Hizmetleri AS in the 2nd quarter worth $143,000. Jane Street Group LLC bought a new position in shares of Turkcell Iletisim Hizmetleri AS in the 1st quarter worth $358,000. Finally, Guggenheim Capital LLC raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 13.8% in the second quarter. Guggenheim Capital LLC now owns 112,096 shares of the Wireless communications provider's stock worth $678,000 after purchasing an additional 13,616 shares during the last quarter.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.