SK Telecom (NYSE:SKM) Issues Earnings Results, Beats Estimates By $0.04 EPS

SK Telecom (NYSE:SKM) released its quarterly earnings data on Monday. The Wireless communications provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04, Zacks reports. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.12 billion.

SK Telecom Stock Performance

SKM traded down $0.12 on Tuesday, reaching $19.89. The stock had a trading volume of 101,237 shares, compared to its average volume of 338,776. The company has a market cap of $7.83 billion, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 1.27 and a beta of 0.63. SK Telecom has a 12-month low of $19.87 and a 12-month high of $24.58. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $21.55 and its two-hundred day moving average price is $21.87.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SKM shares. StockNews.com downgraded SK Telecom from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. downgraded SK Telecom from an “overweight” rating to a “neutral” rating in a research report on Monday. The Goldman Sachs Group downgraded SK Telecom from a “buy” rating to a “neutral” rating in a research note on Monday, March 3rd. UBS Group assumed coverage on SK Telecom in a report on Wednesday, February 19th. They set a “buy” rating for the company. Finally, Citigroup lowered shares of SK Telecom from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

SK Telecom Company Profile

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.