Swisscom (SCMWY) Projected to Announce Earnings on Thursday

Swisscom (OTCMKTS:SCMWY) is projected to post its results before the market opens on Thursday, August 6th. Analysts expect the company to post earnings of $0.7350 per share and revenue of $4.4438 billion for the quarter.

Swisscom (OTCMKTS:SCMWY) last posted its earnings results on Thursday, May 7th. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.08). The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.67 billion. Swisscom had a return on equity of 10.63% and a net margin of 8.30%. On average, analysts expect Swisscom to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Swisscom Stock Performance

Shares of SCMWY stock opened at $77.05 on Wednesday. The stock has a market capitalization of $399.13 billion, a P/E ratio of 25.77, a PEG ratio of 1.87 and a beta of 0.28. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.15. The firm’s 50 day moving average is $79.09 and its 200 day moving average is $83.69. Swisscom has a 12 month low of $68.01 and a 12 month high of $94.63.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. BNP Paribas Exane lowered Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. Citigroup reaffirmed a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. Finally, Morgan Stanley cut Swisscom to an “underweight” rating in a research report on Thursday, June 11th. Five research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Swisscom Company Profile

Swisscom AG is Switzerland’s leading telecommunications provider, offering a broad range of consumer and business communications services. Its core activities include mobile and fixed-line telephony, broadband internet, and digital television for residential customers, together with comprehensive information and communications technology (ICT) solutions for corporate and public-sector clients. The company also develops and markets cloud computing, data center, IoT and cybersecurity services, and supplies wholesale network access to other operators and service providers.

Swisscom’s origins lie in the Swiss state telecommunications system; over time it evolved from a government monopoly into a partly privatized joint-stock company while remaining majority-owned by the Swiss Confederation.