Analysts Expect Consolidated Communications Holdings Inc (CNSL) Will Post Earnings of -$0.09 Per Share

Equities research analysts expect Consolidated Communications Holdings Inc (NASDAQ:CNSL) to post earnings of ($0.09) per share for the current quarter, according to Zacks. Two analysts have made estimates for Consolidated Communications’ earnings. Consolidated Communications posted earnings of ($0.07) per share in the same quarter last year, which would indicate a negative year over year growth rate of 28.6%. The business is expected to report its next earnings report before the market opens on Thursday, April 25th.

According to Zacks, analysts expect that Consolidated Communications will report full year earnings of ($0.35) per share for the current fiscal year. For the next year, analysts expect that the firm will report earnings of ($0.36) per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Consolidated Communications.

Consolidated Communications (NASDAQ:CNSL) last issued its earnings results on Thursday, February 21st. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Consolidated Communications had a negative net margin of 3.63% and a negative return on equity of 5.80%. The business had revenue of $344.80 million for the quarter, compared to analyst estimates of $340.90 million. During the same quarter in the prior year, the business posted ($0.04) EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis.

A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Consolidated Communications from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Zacks Investment Research cut shares of Consolidated Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Wells Fargo & Co cut shares of Consolidated Communications from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $13.50 to $11.25 in a research report on Tuesday, January 8th. ValuEngine upgraded shares of Consolidated Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Finally, Raymond James cut shares of Consolidated Communications from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, February 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Consolidated Communications presently has an average rating of “Hold” and an average target price of $13.63.

Institutional investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund acquired a new position in Consolidated Communications in the 4th quarter valued at $27,000. Macquarie Group Ltd. acquired a new position in Consolidated Communications in the 4th quarter valued at $87,000. Advisor Group Inc. grew its stake in Consolidated Communications by 164.3% in the 4th quarter. Advisor Group Inc. now owns 9,014 shares of the utilities provider’s stock valued at $89,000 after buying an additional 5,603 shares during the last quarter. JNBA Financial Advisors acquired a new position in Consolidated Communications in the 4th quarter valued at $109,000. Finally, Econ Financial Services Corp acquired a new position in Consolidated Communications in the 4th quarter valued at $118,000. Hedge funds and other institutional investors own 70.77% of the company’s stock.

Shares of NASDAQ:CNSL traded down $0.19 during trading on Monday, reaching $11.31. 6,119 shares of the company’s stock traded hands, compared to its average volume of 969,309. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 5.54. Consolidated Communications has a 12 month low of $8.51 and a 12 month high of $14.23. The company has a market cap of $818.06 million, a PE ratio of -26.90 and a beta of 1.09.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a $0.3874 dividend. This represents a $1.55 annualized dividend and a dividend yield of 13.70%. The ex-dividend date is Friday, April 12th. This is an increase from Consolidated Communications’s previous quarterly dividend of $0.39. Consolidated Communications’s dividend payout ratio is -369.05%.

Consolidated Communications Company Profile

Consolidated Communications Holdings, Inc provides business and broadband communications services. It provides integrated communication services in consumer, commercial and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas and Wisconsin.

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