Media headlines about Lumos Networks Corp. (NASDAQ:LMOS) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lumos Networks Corp. earned a news impact score of 0.08 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 45.7553328251697 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Lumos Networks Corp. (NASDAQ:LMOS) traded up 0.17% during mid-day trading on Thursday, hitting $17.98. 103,380 shares of the stock were exchanged. Lumos Networks Corp. has a one year low of $13.25 and a one year high of $17.99. The stock’s market cap is $430.51 million. The company has a 50-day moving average of $17.93 and a 200 day moving average of $17.87.
Lumos Networks Corp. (NASDAQ:LMOS) last announced its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The business had revenue of $56.37 million for the quarter, compared to the consensus estimate of $55.33 million. Lumos Networks Corp. had a negative net margin of 1.70% and a negative return on equity of 2.79%. On average, equities analysts predict that Lumos Networks Corp. will post ($0.19) earnings per share for the current year.
A number of analysts have commented on LMOS shares. Zacks Investment Research downgraded shares of Lumos Networks Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub downgraded shares of Lumos Networks Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.25.
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In related news, insider Thomas E. Ferry sold 8,252 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $17.94, for a total transaction of $148,040.88. Following the transaction, the insider now owns 50,383 shares of the company’s stock, valued at $903,871.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.70% of the company’s stock.
Lumos Networks Corp. Company Profile
Lumos Networks Corp. is a fiber-based bandwidth infrastructure and service provider in the Mid-Atlantic region with a network of long-haul fiber, metro Ethernet and Ethernet rings located primarily in Virginia and West Virginia, and portions of Maryland, Pennsylvania, Ohio and Kentucky. The Company serves carrier, business and residential customers over its fiber network offering data, voice and Internet protocol (IP) services.
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