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4-Traders Homepage  >  Equities  >  Nyse  >  Level 3 Communications, Inc.    LVLT

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Level 3 Communications, Inc. : Earnings Review and Free Research Report: Level 3 Communications Reported Better Than Expected Results

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08/21/2017 | 01:03pm CEST

Research Desk Line-up: Cable ONE Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 21, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Level 3 Communications, Inc. (NYSE: LVLT), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=LVLT, following the Company's posting of its financial results on August 02, 2017, for the second quarter fiscal 2017. The Company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) margin increased 20 basis points on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Diversified Communication Services industry. Pro-TD has currently selected Cable ONE, Inc. (NYSE: CABO) for due-diligence and potential coverage as the Company reported on August 08, 2017, its financial and operating results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Cable ONE when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on LVLT; also brushing on CABO. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=LVLT

http://protraderdaily.com/optin/?symbol=CABO

Earnings Reviewed

For the three months ended June 30, 2017, Level 3 Communications' total revenue remained flat at $2.06 billion compared to total revenue in Q2 FY16. During Q2 FY17, North America's revenue remained flat at $1.61 billion, while Europe, the Middle-East, and Africa (EMEA)'s revenue decreased 8%, or 3% on a constant currency basis, to $176 million, from $191 million in Q2 FY16. During Q2 FY17, Latin America's revenue increased 14%, or 11% on a constant currency basis, to $182 million, from $160 million in Q2 FY16. The total revenue surpassed analysts' expectations of $353.8 million.

For the reported quarter, Level 3 Communications' gross margin increased 10 basis points to 67.2% of revenue from 67.1% of revenue in Q2 FY16. For the reported quarter, Level 3 Communications' selling, general, and administrative expenses (SG&A) increased 91 basis points to $333 million from $330 million in Q2 FY16.

During Q2 FY17, the Company's adjusted EBITDA increased 98 basis points to $722 million from $715 million in Q2 FY16. For the reported quarter, Level 3 Communications' adjusted EBITDA excluding acquisition related expenses increased 4% to $744 million from $715 million in Q2 FY16. For the reported quarter, the Company's adjusted EBITDA margin increased 20 basis points to 35% of revenue from 34.8% of revenue in Q2 FY16. During Q2 FY17, the Company's adjusted EBITDA margin excluding acquisition related expenses increased 130 basis points to 36.1% of revenue from 34.8% of revenue in Q2 FY16.

During Q2 FY17, Level 3 Communications' net income decreased 1.3% to $154 million on a y-o-y basis from $156 million in Q2 FY16. During Q2 FY17, Level 3 Communications' earnings per share (EPS) decreased 4.5% on a y-o-y basis to $0.42 from $0.44 in Q2 FY16. The EPS surpassed analysts' expectations of $0.39.

Balance Sheet

As on June 30, 2017, Level 3 Communications' cash and cash equivalents decreased 2.8% to $1.06 billion from $1.09 billion in Q2 FY16.

During Q2 FY17, Level 3 Communications' cash provided by operating activities decreased 10.6% to $564 million from $631 million in Q2 FY16. For the reported quarter, the Company's capital expenditure decreased 10.6% to $328 million from $367 million in Q2 FY16.

For the reported quarter, the Company's free cash flow was $233 million compared to $264 million in Q2 FY16.

Outlook

For FY17, Level 3 Communications expects adjusted EBITDA to be in the range of $2.94 billion - $3.00 billion and estimates D&A to be $1.35 billion.

The Company expects free cash flow to be in the range of $1.10 billion - $1.16 billion and capital expenditure to be 16% of revenue for the fiscal year 2017.

For FY17, Level 3 Communications estimates tax rate to be 38%.

Stock Performance

On Friday, August 18, 2017, the stock closed the trading session at $52.69, slightly dropping 0.57% from its previous closing price of $52.99. A total volume of 1.78 million shares have exchanged hands. Level 3 Communications' stock price advanced 8.77% in the previous twelve months. The stock is trading at a PE ratio of 29.82 and currently, has a market cap of $19.22 billion.

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Financials ($)
Sales 2017 8 254 M
EBIT 2017 1 394 M
Net income 2017 509 M
Debt 2017 8 582 M
Yield 2017 -
P/E ratio 2017 37,83
P/E ratio 2018 31,27
EV / Sales 2017 3,36x
EV / Sales 2018 3,13x
Capitalization 19 132 M
Chart LEVEL 3 COMMUNICATIONS, IN
Duration : Period :
Level 3 Communications, In Technical Analysis Chart | LVLT | US52729N3089 | 4-Traders
Technical analysis trends LEVEL 3 COMMUNICATIONS, IN
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 62,2 $
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
Jeffrey K. Storey President, Chief Executive Officer & Director
James Oren Ellis Chairman
Sunit S. Patel Chief Financial Officer & Executive Vice President
Atilla Tinic Chief Information Officer
Andrew Dugan Chief Technology Officer
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