Analysts forecast that Lumen Technologies, Inc. (NYSE: LUMN – Get Rating) will report $ 4.62 billion in sales for the current fiscal quarter, according to Zacks. Eleven analysts have issued estimates for Lumen Technologies’ earnings. The highest sales estimate is $ 4.72 billion and the lowest is $ 4.57 billion. Lumen Technologies posted sales of $ 4.92 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.1%. The firm is scheduled to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Lumen Technologies will report full-year sales of $ 17.51 billion for the current fiscal year, with estimates ranging from $ 16.76 billion to $ 18.45 billion. For the next financial year, analysts expect that the company will post sales of $ 15.89 billion, with estimates ranging from $ 14.66 billion to $ 17.89 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Lumen Technologies.
Lumen Technologies (NYSE: LUMN – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The technology company reported $ 0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $ 0.46 by $ 0.17. Lumen Technologies had a net margin of 11.16% and a return on equity of 18.72%. The business had revenue of $ 4.68 billion during the quarter, compared to the consensus estimate of $ 4.68 billion. During the same quarter in the prior year, the firm earned $ 0.44 EPS. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year.
Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Lumen Technologies from a “hold” rating to a “strong sell” rating and set a $ 9.75 price target for the company. in a research report on Tuesday, April 19th. Moffett Nathanson reduced their price objective on shares of Lumen Technologies from $ 10.00 to $ 8.00 in a report on Wednesday, February 16th. Finally, TheStreet raised shares of Lumen Technologies from a “c +” rating to a “b” rating in a report on Friday, February 11th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $ 10.44.
A number of institutional investors and hedge funds have recently bought and sold shares of LUMN. FMR LLC increased its position in Lumen Technologies by 114.1% in the 1st quarter. FMR LLC now owns 2,433,165 shares of the company’s technology stock valued at $ 29,174,000 after acquiring an additional 1,296,573 shares in the last quarter. Morgan Stanley increased its position in Lumen Technologies by 91.9% in the 2nd quarter. Morgan Stanley now owns 12,626,749 shares of the company’s technology stock valued at $ 171,598,000 after acquiring an additional 6,048,140 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in Lumen Technologies in the 3rd quarter valued at about $ 27,000. Candriam Luxembourg SCA increased its position in Lumen Technologies by 3.5% in the 3rd quarter. Candriam Luxembourg SCA now owns 68,566 shares of the company’s technology stock valued at $ 849,000 after acquiring an additional 2,335 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in Lumen Technologies by 1,735.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,514 shares of the company’s technology stock valued at $ 31,000 after acquiring an additional 2,377 shares in the last quarter. Hedge funds and other institutional investors own 77.22% of the company’s stock.
NYSE LUMN opened at $ 11.59 on Friday. Lumen Technologies has a 52 week low of $ 9.31 and a 52 week high of $ 15.45. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 2.31. The stock has a market cap of $ 11.97 billion, a price-to-earnings ratio of 5.63, a price-to-earnings-growth ratio of 0.92 and a beta of 1.03. The company has a 50-day moving average price of $ 11.04 and a two-hundred day moving average price of $ 11.84.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Tuesday, March 8th were given a $ 0.25 dividend. This represents a $ 1.00 annualized dividend and a yield of 8.63%. The ex-dividend date of this dividend was Monday, March 7th. Lumen Technologies’s payout ratio is presently 48.54%.
Lumen Technologies Company Profile (Get Rating)
Lumen Technologies, Inc., a facilities-based technology and communications company, provides various integrated products and services under the Lumen, Quantum Fiber, and CenturyLink brands to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets.
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