EarthLink (ELNK) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS
EarthLink (NASDAQ:ELNK) announced its earnings results on Monday. The company reported ($0.21) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.22) by $0.01, American Banking News reports. The company had revenue of $297.30 million for the quarter, compared to the consensus estimate of $295.71 million. During the same quarter last year, the company posted ($0.07) earnings per share. EarthLink’s revenue was down 6.2% compared to the same quarter last year.
On the ratings front, analysts at Bank of America initiated coverage on shares of EarthLink in a research note on Wednesday, March 12th. They set a “buy” rating and a $36.00 price target on the stock.
EarthLink (NASDAQ:ELNK) traded down 0.89% on Monday, hitting $3.35. 911,384 shares of the company’s stock traded hands. EarthLink has a 52 week low of $3.26 and a 52 week high of $6.80. The stock’s 50-day moving average is $3.56 and its 200-day moving average is $4.47. The company’s market cap is $341.6 million.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date of this dividend is Monday, June 16th.
EarthLink, Inc (NASDAQ:ELNK), is a network, communications and information technology (IT) services provider to business and residential customers in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.