Wall Street analysts expect that Lumos Networks Corp. (NASDAQ:LMOS) will report $0.01 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Lumos Networks Corp.’s earnings. Lumos Networks Corp. reported earnings per share of $0.05 in the same quarter last year, which suggests a negative year-over-year growth rate of 80%. The company is scheduled to announce its next earnings results on Wednesday, August 2nd.

On average, analysts expect that Lumos Networks Corp. will report full year earnings of ($0.20) per share for the current fiscal year, with EPS estimates ranging from ($0.21) to ($0.18). For the next year, analysts forecast that the firm will report earnings of $0.04 per share, with EPS estimates ranging from $0.03 to $0.05. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Lumos Networks Corp..

Lumos Networks Corp. (NASDAQ:LMOS) last issued its quarterly earnings results on Monday, May 8th. The utilities provider reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.38. Lumos Networks Corp. had a negative net margin of 1.39% and a negative return on equity of 2.29%. The business had revenue of $54.92 million for the quarter, compared to the consensus estimate of $53.06 million.

A number of research firms have issued reports on LMOS. BidaskClub downgraded Lumos Networks Corp. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded Lumos Networks Corp. from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Lumos Networks Corp. currently has a consensus rating of “Hold” and a consensus price target of $19.25.

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Several institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its position in Lumos Networks Corp. by 0.8% in the first quarter. Arizona State Retirement System now owns 12,280 shares of the utilities provider’s stock valued at $217,000 after buying an additional 100 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Lumos Networks Corp. by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,680 shares of the utilities provider’s stock valued at $198,000 after buying an additional 700 shares in the last quarter. Thrivent Financial For Lutherans increased its position in Lumos Networks Corp. by 4.8% in the first quarter. Thrivent Financial For Lutherans now owns 13,290 shares of the utilities provider’s stock valued at $235,000 after buying an additional 610 shares in the last quarter. Paloma Partners Management Co bought a new position in Lumos Networks Corp. during the first quarter valued at $251,000. Finally, Virtu Financial LLC bought a new position in Lumos Networks Corp. during the first quarter valued at $313,000. 85.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Lumos Networks Corp. (NASDAQ LMOS) traded down 0.22% on Monday, reaching $17.87. 19,257 shares of the company’s stock were exchanged. The firm’s market cap is $427.88 million. The company has a 50 day moving average price of $17.88 and a 200 day moving average price of $17.32. Lumos Networks Corp. has a one year low of $10.88 and a one year high of $17.99.

Lumos Networks Corp. Company Profile

Lumos Networks Corp. is a fiber-based bandwidth infrastructure and service provider in the Mid-Atlantic region with a network of long-haul fiber, metro Ethernet and Ethernet rings located primarily in Virginia and West Virginia, and portions of Maryland, Pennsylvania, Ohio and Kentucky. The Company serves carrier, business and residential customers over its fiber network offering data, voice and Internet protocol (IP) services.

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