Lumen Technologies (LUMN) to Release Quarterly Earnings on Tuesday

Lumen Technologies (NYSE:LUMN - Get Free Report) is set to issue its quarterly earnings data after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of ($0.05) 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 Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.07). The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.25 billion. Lumen Technologies had a negative return on equity of 18.52% and a negative net margin of 15.06%. The firm's quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. 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 3.0 %

NYSE LUMN traded up $0.20 during trading on Tuesday, reaching $6.61. 9,068,650 shares of the stock traded hands, compared to its average volume of 19,797,768. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of -0.60 and a beta of 1.19. Lumen Technologies has a fifty-two week low of $0.78 and a fifty-two week high of $7.83. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 39.51. The stock's 50-day moving average price is $6.21 and its 200 day moving average price is $3.40.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LUMN. Moffett Nathanson increased their price objective on shares of Lumen Technologies from $1.00 to $3.00 and gave the company a "sell" rating in a research report on Wednesday, August 7th. Wells Fargo & Company lowered shares of Lumen Technologies from an "equal weight" rating to an "underweight" rating and raised their target price for the company from $1.75 to $4.00 in a report on Friday, August 16th. JPMorgan Chase & Co. upgraded 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 target price on shares of Lumen Technologies from $1.00 to $2.00 and gave the stock an "underperform" rating in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group boosted their price target on shares of Lumen Technologies from $4.00 to $4.50 and gave the stock a "neutral" rating in a research report on Friday, October 4th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $4.09.

Insider Buying and Selling

In other Lumen Technologies news, Director James Fowler purchased 10,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average price of $4.70 per share, with a total value of $47,000.00. Following the completion of the purchase, the director now directly owns 384,056 shares of the company's stock, valued at $1,805,063.20. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.68% of the stock is currently owned by insiders.

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.