Telefónica (TEF) Set to Announce Quarterly Earnings on Wednesday

Telefónica (NYSE:TEF) is set to post its quarterly earnings results before the market opens on Wednesday, July 31st. Analysts expect Telefónica to post earnings of $0.09 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Telefónica (NYSE:TEF) last issued its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $11.01 billion for the quarter, compared to analysts’ expectations of $10.96 billion. Telefónica had a positive return on equity of 7.84% and a negative net margin of 1.57%. On average, analysts expect Telefónica to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Telefónica Stock Performance

Telefónica stock opened at $4.51 on Tuesday. The company has a market capitalization of $25.57 billion, a P/E ratio of -28.19 and a beta of 0.68. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.25. The stock’s 50 day moving average is $4.43 and its 200 day moving average is $4.29. Telefónica has a twelve month low of $3.71 and a twelve month high of $4.80.

Telefónica Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, July 11th. Stockholders of record on Tuesday, June 18th were issued a dividend of $0.1628 per share. This represents a dividend yield of 5.2%. The ex-dividend date was Tuesday, June 18th. Telefónica’s payout ratio is presently -143.75%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TEF shares. New Street Research cut shares of Telefónica from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 5th. StockNews.com downgraded shares of Telefónica from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft cut shares of Telefónica from a “hold” rating to a “sell” rating in a research note on Thursday, June 13th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Telefónica

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.