Equities research analysts expect Lumen Technologies, Inc. (NYSE:LUMN) to post $0.41 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Lumen Technologies’ earnings. The highest EPS estimate is $0.46 and the lowest is $0.38. Lumen Technologies posted earnings per share of $0.37 in the same quarter last year, which indicates a positive year-over-year growth rate of 10.8%. The company is expected to report its next earnings report after the market closes on Wednesday, May 5th.
On average, analysts expect that Lumen Technologies will report full year earnings of $1.62 per share for the current financial year, with EPS estimates ranging from $1.51 to $1.68. For the next financial year, analysts forecast that the firm will report earnings of $1.40 per share, with EPS estimates ranging from $1.25 to $1.56. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Lumen Technologies.
Lumen Technologies (NYSE:LUMN) last announced its quarterly earnings data on Wednesday, February 10th. The technology company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.32 by $0.16. Lumen Technologies had a net margin of 6.05% and a return on equity of 12.10%. The business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same period in the previous year, the business earned $0.33 earnings per share. The company’s revenue was down 3.4% on a year-over-year basis.
LUMN traded down $0.06 during trading on Wednesday, hitting $12.74. 7,732,259 shares of the stock traded hands, compared to its average volume of 14,798,274. Lumen Technologies has a twelve month low of $8.51 and a twelve month high of $16.60. The company has a market cap of $13.97 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 2.62 and a beta of 1.08. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.60 and a quick ratio of 0.60. The business has a 50 day moving average price of $13.32 and a 200 day moving average price of $11.19.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 19th. Investors of record on Monday, March 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 5th. This represents a $1.00 dividend on an annualized basis and a yield of 7.85%. Lumen Technologies’s payout ratio is 75.76%.
In related news, Director Virginia Boulet sold 6,500 shares of the stock in a transaction on Tuesday, March 9th. The stock was sold at an average price of $14.22, for a total value of $92,430.00. Following the completion of the sale, the director now directly owns 76,529 shares in the company, valued at $1,088,242.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of LUMN. HighPoint Advisor Group LLC boosted its position in Lumen Technologies by 5.8% during the first quarter. HighPoint Advisor Group LLC now owns 14,778 shares of the technology company’s stock valued at $189,000 after acquiring an additional 812 shares during the last quarter. Berman Capital Advisors LLC boosted its position in Lumen Technologies by 32.2% during the fourth quarter. Berman Capital Advisors LLC now owns 3,971 shares of the technology company’s stock valued at $38,000 after acquiring an additional 967 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in Lumen Technologies during the fourth quarter valued at $25,000. Tradewinds Capital Management LLC bought a new stake in Lumen Technologies during the fourth quarter valued at $26,000. Finally, AllSquare Wealth Management LLC bought a new stake in Lumen Technologies during the fourth quarter valued at $27,000. Institutional investors and hedge funds own 78.63% of the company’s stock.
About Lumen Technologies
Lumen Technologies, Inc, a facilities-based technology and communications company, provides various integrated services and solutions under CenturyLink name to business and residential customers in the United States and internationally. The company operates through five segments: International and Global Accounts Management, Enterprise, Small and Medium Business, Wholesale, and Consumer.
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