In it's prior filing, the firm reported owning 13,335K shares, representing an increase of 50.78%.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 27,094K shares representing 2.70% ownership of the company. The firm decreased its portfolio allocation in LUMN by 60.60% over the last quarter. In it's prior filing, the firm reported owning 39,886K shares, representing a decrease of 24.29%. Southeastern Asset Management holds 32,090K shares representing 3.20% ownership of the company. The firm decreased its portfolio allocation in LUMN by 51.96% over the last quarter.
In it's prior filing, the firm reported owning 31,458K shares, representing an increase of 2.42%. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 32,238K shares representing 3.21% ownership of the company. IJR - iShares Core S&P Small-Cap ETF holds 47,061K shares representing 4.69% ownership of the company. The put/call ratio of LUMN is 1.10, indicating a bearish outlook. Total shares owned by institutions decreased in the last three months by 8.58% to 828,945K shares. Average portfolio weight of all funds dedicated to LUMN is 0.11%, a decrease of 34.47%. This is a decrease of 128 owner(s) or 8.98% in the last quarter. There are 1297 funds or institutions reporting positions in Lumen Technologies. The projected annual non-GAAP EPS is 0.76. The projected annual revenue for Lumen Technologies is 15,033MM, a decrease of 9.11%. On the date of publication, Stavros Georgiadis, CFA did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.See our leaderboard of companies with the largest price target upside. Lumen Technologies stock could be a clear buy, but when you factor in the problem with revenue and its high debt level, it becomes a “hold.” That’s further supported by the fact that while its dividend yield is high - above 8% - it has an unstable track record. Specifically, its D/E ratio of 2.31x for the latest quarter is high and can harm future profitability. Other Broadband and Voice and Other reported negative revenue growth.Īpart from weak revenue growth, Lumen Technologies also has a high level of debt. For Mass Markets segment revenue, only Fiber Broadband showed an increase in revenue. For Q1 2022 total revenue was $4.67 billion, or a decline of 7% compared to total revenue of $5.02 billion in Q1 2021. If you dive into the details, 2018 was the last year that positive sales growth of 32.78% was reported. Lumen Technologies has a trend that you should focus on first and foremost: Weak revenue growth. That’s especially true in a high inflation environment like that which we’re in today. Companies that increase their dividends over time are considered more attractive than ones that keep their dividends stable. Why is it bad news? High inflation diminishes the value of money earned today. The bad news is that the firm kept the dividend stable at $1 per share.
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Furthermore, the free cash flow outlook increased to a range of $2.0 billion to $2.2 billion from a previous range of $1.6 billion to $1.8 billion. The Adjusted EBITDA forecast range increased between $6.9 billion to $7.1 billion from a previous range o $6.5 billion to $6.7 billion. Lumens Technologies provided upbeat guidance for 2022, which should be supportive for LUMN stock moving forward. Can Upbeat 2022 Guidance Power LUMN Stock Higher? International and Global Accounts revenue fell by 2% year-over-year and Large Enterprise fell by 7% - the largest decline for all sales channels. On the negative side, all business sales channels showed weak and negative revenue growth. On the positive side, net income of $599 million for the first quarter of 2022 was 21% higher year-over-year, and free cash flow excluding cash special items was strong coming in at $846 million compared to $850 million in the first quarter 2021. However, it reported revenue of $4.68 billion, which missed estimates by $5.54 million. Lumen reported EPS GAAP of 63 cents, which beat expectations by 18 cents. Mixed Q1 2022 Earnings Give Reason for Skepticism
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