PT Telekomunikasi Indonesia, Tbk (TLK) Expected to Announce Earnings on Thursday

by · The Markets Daily

PT Telekomunikasi Indonesia, Tbk (NYSE:TLKGet Free Report) is anticipated to issue its results before the market opens on Thursday, July 30th. Analysts expect PT Telekomunikasi Indonesia, Tbk to post earnings of $0.2961 per share and revenue of $2.0695 billion for the quarter.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLKGet Free Report) last released its quarterly earnings data on Saturday, May 16th. The utilities provider reported $0.26 earnings per share (EPS) for the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 10.75% and a net margin of 11.10%.The business had revenue of $2.19 billion during the quarter. On average, analysts expect PT Telekomunikasi Indonesia, Tbk to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

PT Telekomunikasi Indonesia, Tbk Trading Down 0.7%

TLK opened at $14.85 on Thursday. PT Telekomunikasi Indonesia, Tbk has a one year low of $13.23 and a one year high of $23.51. The company has a market cap of $14.71 billion, a P/E ratio of 14.99, a PEG ratio of 3.14 and a beta of 0.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 0.92. The business’s 50-day simple moving average is $15.21 and its 200-day simple moving average is $18.05.

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 18th were issued a $1.2214 dividend. This represents a yield of 824.0%. The ex-dividend date of this dividend was Thursday, June 18th. PT Telekomunikasi Indonesia, Tbk’s dividend payout ratio is 94.95%.

Institutional Trading of PT Telekomunikasi Indonesia, Tbk

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 34.6% during the third quarter. Lazard Asset Management LLC now owns 20,071,706 shares of the utilities provider’s stock worth $377,750,000 after purchasing an additional 5,154,799 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 606.8% during the first quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock worth $6,922,000 after purchasing an additional 402,344 shares during the period. First Trust Advisors LP grew its position in PT Telekomunikasi Indonesia, Tbk by 1,041.8% in the 3rd quarter. First Trust Advisors LP now owns 345,772 shares of the utilities provider’s stock valued at $6,507,000 after buying an additional 315,488 shares during the last quarter. UBS Group AG grew its position in PT Telekomunikasi Indonesia, Tbk by 70.8% in the 3rd quarter. UBS Group AG now owns 323,974 shares of the utilities provider’s stock valued at $6,097,000 after buying an additional 134,316 shares during the last quarter. Finally, Bank of America Corp DE raised its position in PT Telekomunikasi Indonesia, Tbk by 31.0% during the 3rd quarter. Bank of America Corp DE now owns 540,719 shares of the utilities provider’s stock worth $10,176,000 after buying an additional 127,876 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have weighed in on TLK shares. Zacks Research raised shares of PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings upgraded PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Check Out Our Latest Research Report on TLK

About PT Telekomunikasi Indonesia, Tbk

(Get Free Report)

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.

Featured Stories