Lumen Technologies (LUMN) Scheduled to Post Quarterly Earnings on Wednesday – MarketBeat

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Lumen Technologies (NYSE:LUMN – Get Rating) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 2nd. Analysts expect Lumen Technologies to post earnings of $0.37 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Lumen Technologies (NYSE:LUMN – Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.11). The company had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.60 billion. Lumen Technologies had a return on equity of 17.14% and a net margin of 10.49%. On average, analysts expect Lumen Technologies to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lumen Technologies Price Performance

LUMN stock opened at $6.92 on Wednesday. Lumen Technologies has a twelve month low of $6.34 and a twelve month high of $14.49. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 2.29. The company has a market capitalization of $7.16 billion, a P/E ratio of 3.57 and a beta of 1.07. The business has a 50 day simple moving average of $8.70 and a 200-day simple moving average of $10.26.

Lumen Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Tuesday, August 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 14.45%. The ex-dividend date was Monday, August 29th. Lumen Technologies’s payout ratio is 51.55%.

Hedge Funds Weigh In On Lumen Technologies

Large investors have recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. increased its position in Lumen Technologies by 8.3% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,045 shares of the technology company’s stock worth $147,000 after purchasing an additional 995 shares in the last quarter. SVB Wealth LLC raised its stake in shares of Lumen Technologies by 7.9% in the 1st quarter. SVB Wealth LLC now owns 18,743 shares of the technology company’s stock valued at $212,000 after acquiring an additional 1,370 shares during the period. D.A. Davidson & CO. raised its position in Lumen Technologies by 11.2% in the first quarter. D.A. Davidson & CO. now owns 18,167 shares of the technology company’s stock valued at $205,000 after purchasing an additional 1,837 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of Lumen Technologies by 3.1% in the first quarter. Gamco Investors INC. ET AL now owns 84,996 shares of the technology company’s stock worth $958,000 after buying an additional 2,547 shares during the period. Finally, Forum Financial Management LP raised its stake in shares of Lumen Technologies by 12.1% during the first quarter. Forum Financial Management LP now owns 24,715 shares of the technology company’s stock valued at $278,000 after purchasing an additional 2,666 shares during the period. 79.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on LUMN. Moffett Nathanson dropped their price objective on Lumen Technologies to $6.00 in a research note on Thursday, September 29th. Citigroup cut their target price on shares of Lumen Technologies from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, October 13th. Morgan Stanley reduced their price target on Lumen Technologies from $9.50 to $8.00 and set an “underweight” rating on the stock in a research note on Monday. Royal Bank of Canada dropped their target price on Lumen Technologies from $11.00 to $6.00 and set a “sector perform” rating for the company in a research note on Thursday, October 20th. Finally, Wells Fargo & Company cut Lumen Technologies from an “overweight” rating to an “equal weight” rating and set a $8.00 price target for the company. in a report on Wednesday, October 5th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.67.

About Lumen Technologies

(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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Earnings History for Lumen Technologies (NYSE:LUMN)
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