Telefónica (TEF) Set to Announce Quarterly Earnings on Wednesday

Telefónica (NYSE:TEF) is set to release its earnings data before the market opens on Wednesday, July 31st. Analysts expect Telefónica to post earnings of $0.09 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Telefónica (NYSE:TEF) last posted its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.96 billion. Telefónica had a negative net margin of 1.57% and a positive return on equity of 7.84%. On average, analysts expect Telefónica to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Telefónica Stock Performance

TEF opened at $4.51 on Tuesday. Telefónica has a 1-year low of $3.71 and a 1-year high of $4.80. The stock has a market cap of $25.57 billion, a P/E ratio of -28.19 and a beta of 0.68. The stock’s 50 day simple moving average is $4.43 and its 200 day simple moving average is $4.29. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.91 and a quick ratio of 0.86.

Telefónica Cuts Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, July 11th. Stockholders of record on Tuesday, June 18th were given a $0.1628 dividend. This represents a dividend yield of 5.2%. The ex-dividend date was Tuesday, June 18th. Telefónica’s dividend payout ratio is currently -143.75%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. StockNews.com downgraded shares of Telefónica from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. New Street Research lowered Telefónica from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded Telefónica from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat.com, Telefónica presently has a consensus rating of “Hold”.

Telefónica Company Profile

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.