Analysts Anticipate Consolidated Communications Holdings Inc (CNSL) to Announce -$0.10 EPS

Analysts predict that Consolidated Communications Holdings Inc (NASDAQ:CNSL) will post ($0.10) earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for Consolidated Communications’ earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at ($0.09). Consolidated Communications posted earnings per share of ($0.03) during the same quarter last year, which indicates a negative year-over-year growth rate of 233.3%. The firm is expected to announce its next earnings results on Thursday, March 7th.

According to Zacks, analysts expect that Consolidated Communications will report full year earnings of ($0.36) per share for the current financial year, with EPS estimates ranging from ($0.36) to ($0.35). For the next fiscal year, analysts expect that the firm will report earnings of ($0.27) per share, with EPS estimates ranging from ($0.31) to ($0.23). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Consolidated Communications.

Consolidated Communications (NASDAQ:CNSL) last posted its earnings results on Thursday, November 1st. The utilities provider reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.05. The company had revenue of $348.06 million for the quarter, compared to analysts’ expectations of $345.10 million. Consolidated Communications had a negative return on equity of 4.56% and a net margin of 4.46%. The firm’s revenue was down 4.2% compared to the same quarter last year.

Several analysts recently issued reports on CNSL shares. Zacks Investment Research raised Consolidated Communications from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Tuesday, July 17th. BidaskClub raised Consolidated Communications from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. Finally, ValuEngine raised Consolidated Communications from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $13.67.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Consolidated Communications by 8.0% in the third quarter. BlackRock Inc. now owns 11,029,285 shares of the utilities provider’s stock worth $143,823,000 after buying an additional 813,801 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Consolidated Communications by 16.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,796,363 shares of the utilities provider’s stock worth $46,923,000 after buying an additional 527,723 shares during the period. Principal Financial Group Inc. lifted its holdings in Consolidated Communications by 43.6% in the first quarter. Principal Financial Group Inc. now owns 3,256,838 shares of the utilities provider’s stock worth $35,695,000 after buying an additional 988,444 shares during the period. Private Management Group Inc. lifted its holdings in Consolidated Communications by 14.2% in the second quarter. Private Management Group Inc. now owns 2,633,358 shares of the utilities provider’s stock worth $32,548,000 after buying an additional 326,751 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Consolidated Communications by 5.8% in the third quarter. Bank of New York Mellon Corp now owns 2,504,120 shares of the utilities provider’s stock worth $32,653,000 after buying an additional 137,218 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Shares of NASDAQ CNSL traded down $0.56 during trading hours on Monday, hitting $13.23. The company’s stock had a trading volume of 532,248 shares, compared to its average volume of 771,837. The company has a debt-to-equity ratio of 4.71, a current ratio of 0.72 and a quick ratio of 0.78. Consolidated Communications has a 12 month low of $10.31 and a 12 month high of $14.65.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Tuesday, January 15th will be paid a $0.387 dividend. The ex-dividend date of this dividend is Monday, January 14th. This represents a $1.55 annualized dividend and a dividend yield of 11.70%. Consolidated Communications’s payout ratio is presently 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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