Equities analysts expect Consolidated Communications Holdings Inc (NASDAQ:CNSL) to announce earnings per share (EPS) of ($0.12) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Consolidated Communications’ earnings, with estimates ranging from ($0.12) to ($0.11). Consolidated Communications posted earnings per share of ($0.03) in the same quarter last year, which indicates a negative year over year growth rate of 300%. The firm is expected to issue its next earnings results on Thursday, March 7th.
According to Zacks, analysts expect that Consolidated Communications will report full year earnings of ($0.39) per share for the current financial year, with EPS estimates ranging from ($0.39) to ($0.38). For the next fiscal year, analysts forecast that the company will post earnings of ($0.33) per share, with EPS estimates ranging from ($0.39) to ($0.26). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Consolidated Communications.
Consolidated Communications (NASDAQ:CNSL) last issued its quarterly earnings results on Thursday, November 1st. The utilities provider reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.05. Consolidated Communications had a negative return on equity of 4.56% and a net margin of 4.46%. The firm had revenue of $348.06 million during the quarter, compared to analysts’ expectations of $345.10 million. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year.
CNSL has been the subject of a number of recent analyst reports. BidaskClub raised Consolidated Communications from a “hold” rating to a “buy” rating in a research report on Friday, October 5th. Zacks Investment Research cut Consolidated Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Finally, ValuEngine raised Consolidated Communications from a “hold” rating to a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Consolidated Communications presently has an average rating of “Buy” and an average target price of $13.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank bought a new position in Consolidated Communications in the second quarter valued at $126,000. Macquarie Group Ltd. lifted its holdings in Consolidated Communications by 85.5% in the second quarter. Macquarie Group Ltd. now owns 10,200 shares of the utilities provider’s stock worth $126,000 after buying an additional 4,700 shares during the period. S. Muoio & CO. LLC purchased a new stake in Consolidated Communications in the second quarter worth about $135,000. Saba Capital Management L.P. purchased a new stake in Consolidated Communications in the second quarter worth about $144,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Consolidated Communications in the second quarter worth about $170,000. 71.55% of the stock is owned by institutional investors.
NASDAQ CNSL traded up $0.49 during trading hours on Monday, hitting $13.04. 22,217 shares of the company traded hands, compared to its average volume of 729,990. Consolidated Communications has a twelve month low of $10.31 and a twelve month high of $17.88. The company has a debt-to-equity ratio of 4.71, a quick ratio of 0.78 and a current ratio of 0.72. The stock has a market capitalization of $894.22 million, a PE ratio of 50.23 and a beta of 0.58.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Tuesday, January 15th will be given a $0.387 dividend. The ex-dividend date is Monday, January 14th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 11.87%. Consolidated Communications’s payout ratio is 596.15%.
Consolidated Communications Company Profile
Consolidated Communications Holdings, Inc, through its subsidiaries, provides various integrated communications services to business and residential customers in the United States. It offers a range of communication services and products that include local and long-distance, high-speed broadband Internet access, video, voice over Internet protocol, private line, custom calling features, security, cloud, data center, managed and IT, and directory publishing services, as well as engages in equipment sales activities.
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