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Wednesday, September 27, 2023

Impact of fourth-quarter results of 2021 on Lumen Technologies, Inc. (LUMN) stock price?

Lumen Technologies, Inc. (LUMN) stock price has declined by 4.34% in the current market. At the time of writing, LUMN stock was trading around $10.36.

Recently, Lumen Technologies, Inc. (LUMN) declared its fourth-quarter results. The company reported a free cash flow of $776 million for Q4 2021. The EBIDTA and net income came around $2.088 billion and $508 billion, respectively.

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Resultantly, LUMN’s diluted EPS was $0.50. In addition, the company’s net debt was reduced by $1.5 million during the quarter.

In contrast to 2020, LUMN has done well during 2021. The company’s total revenue dropped from $20.72 million to $19.68 million during the full year of 2021. However, LUMN’s net income rose to $2.033 billion in 2021, while in 2020 company had a loss of $1.232. Therefore, the diluted EPS of the company is $1.91.

Furthermore, LUMN is anticipating adjusted EBITDA in a range of $6.5 to $6.7 billion for the year 2022. They expect a $1.6 to $1.8 billion free cash flow with a forecasted dividend of $1, respectively.

Lumen Technologies, Inc. (LUMN) had a dividend yield of 8.32% on 26 January 2022, with 0.93. It is a low beta dividend stock with a high yield. Due to this, it is included in the top 10 stocks whose dividend is high with comparatively low beta. This makes it a good dividend stock with lower market risk.

In addition, the company signs a new project with U.S Army Reserve Command a new project worth $23 million under a contract of 11 years. Moreover, LUMN will provide virtual private network services and remote access to various reserved locations of the army all over the country.

Conclusion

Lumen Technologies, Inc. (LUMN) is performing comparably well to its rivals of the same industry. The company’s share value has shot up 3% in the last six months. The company’s annual growth rate is 16.77%, which seems higher than the industry average of 11.80%. Analysts have recommended LUMN stock as a hold.

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