Lumen Technologies (LUMN) Scheduled to Post Earnings on Tuesday

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

Lumen Technologies (NYSE:LUMN) last posted its earnings results on Tuesday, February 6th. The technology company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.11. Lumen Technologies had a negative net margin of 70.74% and a positive return on equity of 4.85%. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period in the previous year, the business posted $0.43 EPS. Lumen Technologies’s revenue was down 7.4% on a year-over-year basis. 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 Stock Performance

Shares of LUMN stock opened at $1.21 on Friday. The firm’s 50 day moving average price is $1.52 and its 200-day moving average price is $1.48. 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 one year low of $0.78 and a one year high of $2.70. The firm has a market cap of $1.22 billion, a P/E ratio of -0.12 and a beta of 1.10.

Insiders Place Their Bets

In related news, Director T Michael Glenn bought 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average cost of $1.47 per share, with a total value of $73,500.00. Following the transaction, the director now directly owns 272,019 shares of the company’s stock, valued at approximately $399,867.93. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director T Michael Glenn bought 50,000 shares of Lumen Technologies stock in a transaction dated Monday, February 26th. The stock was bought at an average price of $1.47 per share, for a total transaction of $73,500.00. Following the purchase, the director now owns 272,019 shares of the company’s stock, valued at $399,867.93. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James Fowler acquired 33,500 shares of Lumen Technologies stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average price of $1.68 per share, with a total value of $56,280.00. Following the purchase, the director now directly owns 216,538 shares of the company’s stock, valued at $363,783.84. The disclosure for this purchase can be found here. Insiders have acquired a total of 113,500 shares of company stock worth $174,780 in the last ninety days. 1.68% of the stock is owned by corporate insiders.

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.