Lumos Networks Corp Announces Quarterly Dividend of $0.14 (LMOS)
Lumos Networks Corp (NASDAQ:LMOS) announced a quarterly dividend on Wednesday, February 26th, StockRatingsNetwork reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.14 per share on Thursday, April 10th. This represents a $0.56 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Tuesday, March 11th.
A number of analysts have recently weighed in on LMOS shares. Analysts at Cowen and Company cut their price target on shares of Lumos Networks Corp from $24.00 to $18.50 in a research note on Wednesday. On a related note, analysts at Canaccord Genuity cut their price target on shares of Lumos Networks Corp from $28.00 to $23.00 in a research note on Wednesday. Finally, analysts at Zacks upgraded shares of Lumos Networks Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $19.40 price target on the stock. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Lumos Networks Corp currently has an average rating of “Buy” and a consensus target price of $20.30.
Lumos Networks Corp (NASDAQ:LMOS) traded down 6.49% on Wednesday, hitting $14.98. 548,283 shares of the company’s stock traded hands. Lumos Networks Corp has a one year low of $10.46 and a one year high of $25.10. The stock’s 50-day moving average is $18.89 and its 200-day moving average is $20.09. The company has a market cap of $329.9 million and a price-to-earnings ratio of 22.47.
Lumos Networks Corp (NASDAQ:LMOS) last released its earnings data on Tuesday, February 25th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.04. The company had revenue of $51.00 million for the quarter, compared to the consensus estimate of $51.92 million. Analysts expect that Lumos Networks Corp will post $0.89 EPS for the current fiscal year.
Lumos Networks Corp. is a fiber-based service provider in the Mid-Atlantic region. The Company provides data, broadband, voice and Internet protocol (NASDAQ:LMOS) services over fiber optic network.
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