Chunghwa Telecom (CHT) Expected to Announce Quarterly Earnings on Tuesday

Chunghwa Telecom (NYSE:CHT) is projected to release its results before the market opens on Tuesday, February 3rd. Analysts expect Chunghwa Telecom to post earnings of $0.3797 per share and revenue of $1.8398 billion for the quarter.

Chunghwa Telecom (NYSE:CHT) last issued its earnings results on Monday, November 10th. The utilities provider reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. Chunghwa Telecom had a return on equity of 9.80% and a net margin of 16.30%.The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.93 billion.

Chunghwa Telecom Price Performance

Shares of Chunghwa Telecom stock opened at $42.71 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.50 and a quick ratio of 1.30. The business’s 50 day simple moving average is $41.72 and its two-hundred day simple moving average is $43.08. The stock has a market capitalization of $33.13 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 5.80 and a beta of 0.30. Chunghwa Telecom has a one year low of $37.03 and a one year high of $47.03.

Institutional Trading of Chunghwa Telecom

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC bought a new stake in Chunghwa Telecom in the second quarter valued at $53,000. Focus Partners Wealth purchased a new stake in shares of Chunghwa Telecom in the 3rd quarter worth about $143,000. Osaic Holdings Inc. boosted its stake in shares of Chunghwa Telecom by 664.1% during the 2nd quarter. Osaic Holdings Inc. now owns 4,195 shares of the utilities provider’s stock valued at $195,000 after purchasing an additional 3,646 shares in the last quarter. Coldstream Capital Management Inc. purchased a new position in shares of Chunghwa Telecom during the third quarter valued at about $264,000. Finally, Hsbc Holdings PLC bought a new position in Chunghwa Telecom in the second quarter worth about $291,000. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CHT. Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a report on Wednesday, January 21st. Zacks Research raised shares of Chunghwa Telecom to a “hold” rating in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Chunghwa Telecom presently has an average rating of “Hold”.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.