Lumen Technologies (LUMN) Set to Announce Earnings on Tuesday

Lumen Technologies (NYSE:LUMN) will announce its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Lumen Technologies (NYSE:LUMN) last posted its earnings results on Tuesday, August 6th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.07). The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.25 billion. Lumen Technologies had a negative net margin of 15.06% and a negative return on equity of 18.52%. The firm’s revenue was down 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. On average, analysts expect Lumen Technologies to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Lumen Technologies Trading Up 9.5 %

NYSE LUMN opened at $7.00 on Friday. The company has a debt-to-equity ratio of 39.51, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s 50-day moving average is $6.24 and its 200-day moving average is $3.48. Lumen Technologies has a one year low of $0.78 and a one year high of $7.83. The firm has a market cap of $7.12 billion, a P/E ratio of -3.33 and a beta of 1.19.

Insider Activity at Lumen Technologies

In related news, Director James Fowler acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average price of $4.70 per share, for a total transaction of $47,000.00. Following the purchase, the director now directly owns 384,056 shares in the company, valued at approximately $1,805,063.20. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on LUMN shares. The Goldman Sachs Group lifted their price target on shares of Lumen Technologies from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. raised shares of Lumen Technologies from an “underweight” rating to a “neutral” rating in a research note on Wednesday, August 7th. Bank of America lifted their price target on Lumen Technologies from $1.00 to $2.00 and gave the company an “underperform” rating in a research note on Thursday, August 8th. Citigroup raised Lumen Technologies from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $1.25 to $3.15 in a research report on Tuesday, August 6th. Finally, TD Cowen lifted their target price on Lumen Technologies from $2.50 to $7.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.09.

Lumen Technologies Company Profile

Lumen Technologies, Inc, a facilities-based technology and communications company, provides various integrated products and services to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets. It offers dark fiber, edge cloud services, internet protocol, managed security, software-defined wide area networks, secure access service edge, unified communications and collaboration, and optical wavelengths services; ethernet and VPN data networks services; and legacy services to manage cash flow, including time division multiplexing voice, private line, and other legacy services, as well as sells communication equipment, and IT solutions.