Lumen Technologies (LUMN) to Release Earnings on Tuesday

Lumen Technologies (NYSE:LUMN - Get Free Report) is expected to post its Q4 2024 quarterly earnings results after the market closes on Tuesday, February 4th. Analysts expect Lumen Technologies to post earnings of ($0.05) per share and revenue of $3.20 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Lumen Technologies (NYSE:LUMN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.14. Lumen Technologies had a negative net margin of 16.06% and a negative return on equity of 49.74%. 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 Stock Down 1.5 %

NYSE:LUMN traded down $0.08 during mid-day trading on Wednesday, reaching $4.97. The company's stock had a trading volume of 35,175,368 shares, compared to its average volume of 12,735,715. The firm has a market capitalization of $5.04 billion, a PE ratio of -2.29 and a beta of 1.28. The stock has a fifty day moving average of $5.85 and a 200-day moving average of $6.00. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 53.05. Lumen Technologies has a 1 year low of $0.97 and a 1 year high of $10.33.

Analysts Set New Price Targets

LUMN has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their target price on Lumen Technologies from $4.50 to $5.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Royal Bank of Canada reissued a "sector perform" rating and issued a $4.25 price target (up previously from $4.00) on shares of Lumen Technologies in a report on Friday, December 20th. TD Cowen reduced their target price on shares of Lumen Technologies from $7.00 to $6.00 and set a "hold" rating for the company in a research report on Wednesday, November 6th. Finally, Citigroup lifted their price target on Lumen Technologies from $6.50 to $8.00 and gave the stock a "neutral" rating in a report on Friday, November 29th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $4.66.

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.