Centurylink Company Profile (NYSE:CTL)

Centurylink trades on the New York Stock Exchange (NYSE) under the ticker symbol "CTL."

Centurylink declared a quarterly dividend on Wednesday, May 24th. Shareholders of record on Monday, June 5th will be paid a dividend of $0.54 per share on Friday, June 16th. This represents a $2.16 annualized dividend and a yield of 8.71%. The ex-dividend date is Thursday, June 1st. View Centurylink's Dividend History.

Centurylink Inc (NYSE:CTL) announced its earnings results on Wednesday, May, 3rd. The company reported $0.52 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by $0.01. The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.27 billion. Centurylink had a return on equity of 9.58% and a net margin of 3.58%. The firm's revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. View Centurylink's Earnings History.

Centurylink is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Centurylink.

Centurylink updated its second quarter earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $0.46 - $0.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.56. The company issued revenue guidance of $4.07 billion - $4.13 billion, compared to the consensus revenue estimate of $4.25 billion.

13 brokers have issued 12-month price objectives for Centurylink's stock. Their forecasts range from $19.00 to $30.00. On average, they expect Centurylink's share price to reach $25.91 in the next twelve months. View Analyst Ratings for Centurylink.

Here are some recent quotes from research analysts about Centurylink stock:

• 1. According to Zacks Investment Research, "CenturyLink posted weak first-quarter 2017 financial results where both the bottom line and the top line missed the Zacks Consensus Estimate. CenturyLink unveiled disappointing guidance for certain important metrics for the second quarter of 2017. In Mar 2017, CenturyLink and Level 3 Communications moved a step closer to their proposed merger amid shareholders' approval of both sides. Moreover, CenturyLink remains focused on establishing itself as a global leader in cloud infrastructure and hosted IT solutions arena for enterprise customers. Further, CenturyLink plans to launch its over the top (OTT) services in 2017. However, loss in access lines, reducing legacy voice services revenues, tough competition, federal regulations and the need to upgrade technology are other risks. Over the past three months, the stock declined 5.2% while the Zacks catgeorized Wireless National industry contracted 4.1%." (5/5/2017)
• 2. Morgan Stanley analysts commented, "There is a range of possible outcomes and valuations, and timing remains somewhat uncertain. If CenturyLink is able to sell a significant portion of the data center assets at attractive prices, this could provide additional liquidity, although deleveraging will likely be required with some of the proceeds," (7/18/2016)

Centurylink saw a increase in short interest during the month of May. As of May 15th, there was short interest totalling 108,494,230 shares, an increase of 6.5% from the April 28th total of 101,859,503 shares. Based on an average daily volume of 12,617,943 shares, the short-interest ratio is presently 8.6 days. Currently, 20.0% of the company's shares are sold short.

Some companies that are related to Centurylink include Frontier Communications Corp (FTR), Shenandoah Telecommunications Company (SHEN), Cellcom Israel (CEL), ATN International (ATNI), Consolidated Communications Holdings (CNSL), Windstream Holdings (WIN), Cincinnati Bell (CBB), Alaska Communications Systems Group (ALSK), magicJack VocalTec Ltd (CALL), Inventergy Global (INVT), Alteva (ALTV) and EarthLink Holdings Corp. (ELNK).

Centurylink's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.56%), State Street Corp (5.68%), CORVEX MANAGEMENT LP (5.50%), Bank of New York Mellon Corp (4.02%), American International Group Inc. (2.92%) and Dimensional Fund Advisors LP (1.72%). Company insiders that own Centurylink stock include Aamir Hussain, C G Melville Jr, David D Cole, Harvey P Perry, Maxine L Moreau and William Arthur Owens. View Institutional Ownership Trends for Centurylink.

Centurylink's stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Los Angeles Capital Management & Equity Research Inc., KBC Group NV, Morgan Stanley, Bank of New York Mellon Corp, Bridgewater Associates LP, Parametric Portfolio Associates LLC and Glen Harbor Capital Management LLC. Company insiders that have sold Centurylink stock in the last year include David D Cole and Harvey P Perry. View Insider Buying and Selling for Centurylink.

Centurylink's stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Wells Fargo & Company MN, Thornburg Investment Management Inc., RidgeWorth Capital Management LLC, OppenheimerFunds Inc., Foxhaven Asset Management LP, UBS Asset Management Americas Inc. and Geode Capital Management LLC. Company insiders that have bought Centurylink stock in the last two years include Aamir Hussain and William Arthur Owens. View Insider Buying and Selling for Centurylink.

Shares of Centurylink can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Centurylink stock can currently be purchased for approximately $24.80.