Wall Street analysts predict that Lumen Technologies, Inc. (NYSE: LUMN – Get Rating) will post sales of $ 4.61 billion for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have made estimates for Lumen Technologies’ earnings, with the highest sales estimate coming in at $ 4.72 billion and the lowest estimate coming in at $ 4.57 billion. Lumen Technologies posted sales of $ 4.92 billion during the same quarter last year, which suggests a negative year over year growth rate of 6.3%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Lumen Technologies will report full year sales of $ 17.64 billion for the current year, with estimates ranging from $ 16.76 billion to $ 18.43 billion. For next year, analysts expect that the firm will post sales of $ 15.97 billion, with estimates ranging from $ 14.66 billion to $ 17.89 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Lumen Technologies.
Lumen Technologies (NYSE: LUMN – Get Rating) last announced its earnings results on Wednesday, May 4th. The technology company reported $ 0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 0.46 by $ 0.17. The firm had revenue of $ 4.68 billion during the quarter, compared to analyst estimates of $ 4.68 billion. Lumen Technologies had a net margin of 11.16% and a return on equity of 18.72%. Lumen Technologies’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $ 0.44 EPS.
A number of equities analysts recently issued reports on LUMN shares. The Street upgraded shares of Lumen Technologies from a “c +” rating to a “b” rating in a research report on Friday, February 11th. Moffett Nathanson reduced their objective price on shares of Lumen Technologies from $ 10.00 to $ 8.00 in a research report on Wednesday, February 16th. Finally, Zacks Investment Research lowered shares of Lumen Technologies from a “hold” rating to a “strong sell” rating and set a $ 9.75 price objective for the company. in a research report on Tuesday, April 19th.
Shares of LUMN opened at $ 11.64 on Friday. The firm has a 50-day moving average price of $ 11.33 and a 200-day moving average price of $ 11.69. The firm has a market capitalization of $ 12.02 billion, a PE ratio of 5.65, a P / E / G ratio of 0.96 and a beta of 1.01. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 2.31. Lumen Technologies has a 52-week low of $ 9.31 and a 52-week high of $ 15.45.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Tuesday, May 31st will be paid a dividend of $ 0.25 per share. This represents a $ 1.00 dividend on an annualized basis and a yield of 8.59%. The ex-dividend date is Friday, May 27th. Lumen Technologies’s dividend payout ratio is presently 48.54%.
A number of hedge funds have recently bought and sold shares of LUMN. Morgan Stanley lifted its stake in Lumen Technologies by 91.9% during the second quarter. Morgan Stanley now owns 12,626,749 shares of the company’s technology stock valued at $ 171,598,000 after buying an additional 6,048,140 shares in the last quarter. ACR Alpine Capital Research LLC lifted its stake in Lumen Technologies by 33.1% during the first quarter. ACR Alpine Capital Research LLC now owns 13,933,431 shares of the company’s technology stock valued at $ 157,029,000 after buying an additional 3,466,092 shares in the last quarter. Norges Bank purchased a new stake in Lumen Technologies during the fourth quarter valued at about $ 43,373,000. Invesco Ltd. lifted its stake in Lumen Technologies by 24.1% during the first quarter. Invesco Ltd. now owns 15,016,053 shares of the company’s technology stock valued at $ 169,230,000 after buying an additional 2,919,199 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Lumen Technologies by 2.4% during the first quarter. Vanguard Group Inc. now owns 116,137,605 shares of the company’s technology stock valued at $ 1,308,871,000 after buying an additional 2,726,090 shares in the last quarter. 77.22% of the stock is owned by institutional investors.
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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