Lumos Networks Corp (LMOS) Releases Quarterly Earnings Results, Hits Estimates
Lumos Networks Corp (NASDAQ:LMOS) posted its quarterly earnings results on Wednesday. The company reported $0.17 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.17, Analyst Ratings.Net reports. The company had revenue of $50.20 million for the quarter, compared to the consensus estimate of $50.03 million. During the same quarter last year, the company posted $0.22 earnings per share. Lumos Networks Corp’s revenue was down 4.0% compared to the same quarter last year.
Lumos Networks Corp (NASDAQ:LMOS) traded up 0.20% during mid-day trading on Wednesday, hitting $15.01. 91,108 shares of the company’s stock traded hands. Lumos Networks Corp has a 52 week low of $11.20 and a 52 week high of $25.10. The stock’s 50-day moving average is $14.73 and its 200-day moving average is $14.85. The company has a market cap of $333.1 million and a price-to-earnings ratio of 21.84.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 9th. Shareholders of record on Thursday, September 11th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Tuesday, September 9th.
LMOS has been the subject of a number of recent research reports. Analysts at Davidson reiterated a “buy” rating on shares of Lumos Networks Corp in a research note on Friday, May 9th. They now have a $18.00 price target on the stock, down previously from $24.00. On the ratings front, analysts at DA Davidson reiterated a “buy” rating on shares of Lumos Networks Corp in a research note on Thursday, May 8th. They now have a $18.00 price target on the stock, down previously from $24.00. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Lumos Networks Corp in a research note on Thursday, May 8th. They now have a $20.00 price target on the stock, down previously from $23.00. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Lumos Networks Corp has an average rating of “Buy” and a consensus price target of $18.15.
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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