Lumen Technologies (LUMN) Set to Announce Quarterly Earnings on Tuesday

Lumen Technologies (NYSE:LUMN) will issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Lumen Technologies (NYSE:LUMN) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.11. Lumen Technologies had a positive return on equity of 4.85% and a negative net margin of 70.74%. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter last year, the business posted $0.43 earnings per share. The firm’s revenue was down 7.4% compared to the same quarter last year. On average, analysts expect Lumen Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lumen Technologies Trading Up 4.2 %

Shares of LUMN stock opened at $1.37 on Tuesday. The company has a debt-to-equity ratio of 47.56, a quick ratio of 1.35 and a current ratio of 1.35. Lumen Technologies has a 52-week low of $0.78 and a 52-week high of $2.70. The company has a market capitalization of $1.38 billion, a PE ratio of -0.13 and a beta of 1.10. The business’s fifty day moving average is $1.54 and its 200 day moving average is $1.48.

Insider Buying and Selling

In other Lumen Technologies news, Director James Fowler acquired 30,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $1.50 per share, for a total transaction of $45,000.00. Following the completion of the transaction, the director now owns 183,038 shares of the company’s stock, valued at approximately $274,557. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director T Michael Glenn bought 50,000 shares of Lumen Technologies stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average price of $1.47 per share, with a total value of $73,500.00. Following the completion of the purchase, the director now directly owns 272,019 shares in the company, valued at $399,867.93. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Fowler bought 30,000 shares of Lumen Technologies stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $1.50 per share, for a total transaction of $45,000.00. Following the purchase, the director now owns 183,038 shares of the company’s stock, valued at $274,557. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 113,500 shares of company stock worth $174,780. Corporate insiders own 1.68% of the company’s stock.

About Lumen Technologies

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.