Lumen Technologies (NYSE:LUMN – Get Rating) will be releasing its earnings data after the market closes on Wednesday, May 4th. Analysts expect Lumen Technologies to post earnings of $0.46 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Lumen Technologies (NYSE:LUMN – Get Rating) last posted its quarterly earnings results on Wednesday, February 9th. The technology company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). Lumen Technologies had a net margin of 10.33% and a return on equity of 17.72%. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.86 billion. On average, analysts expect Lumen Technologies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
LUMN opened at $10.71 on Wednesday. The company’s 50 day moving average is $10.89 and its 200-day moving average is $11.97. Lumen Technologies has a 1-year low of $9.31 and a 1-year high of $15.45. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.32. The company has a market cap of $11.06 billion, a P/E ratio of 5.61, a PEG ratio of 1.05 and a beta of 1.02.
A number of equities research analysts have recently weighed in on LUMN shares. Moffett Nathanson reduced their price target on shares of Lumen Technologies from $10.00 to $8.00 in a research note on Wednesday, February 16th. Zacks Investment Research downgraded shares of Lumen Technologies from a “hold” rating to a “strong sell” rating and set a $9.75 target price on the stock. in a research report on Tuesday, April 19th. Finally, TheStreet upgraded shares of Lumen Technologies from a “c+” rating to a “b” rating in a research report on Friday, February 11th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.44.
A number of large investors have recently bought and sold shares of the stock. Neo Ivy Capital Management acquired a new position in shares of Lumen Technologies in the 4th quarter worth approximately $121,000. Visionary Wealth Advisors acquired a new position in shares of Lumen Technologies in the 4th quarter worth approximately $169,000. Cypress Capital Group lifted its position in shares of Lumen Technologies by 15.5% in the 4th quarter. Cypress Capital Group now owns 19,091 shares of the technology company’s stock worth $240,000 after purchasing an additional 2,564 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of Lumen Technologies by 14.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 20,957 shares of the technology company’s stock worth $263,000 after purchasing an additional 2,627 shares during the period. Finally, Forum Financial Management LP acquired a new position in shares of Lumen Technologies in the 4th quarter worth approximately $277,000. Institutional investors and hedge funds own 77.59% of the company’s stock.
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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