Equities analysts expect that Lumos Networks Corp. (NASDAQ:LMOS) will announce earnings of $0.05 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Lumos Networks Corp.’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.06. Lumos Networks Corp. reported earnings per share of $0.03 in the same quarter last year, which indicates a positive year-over-year growth rate of 66.7%. The business is scheduled to announce its next earnings report on Tuesday, November 14th.

According to Zacks, analysts expect that Lumos Networks Corp. will report full year earnings of ($0.12) per share for the current year, with EPS estimates ranging from ($0.14) to ($0.10). For the next fiscal year, analysts anticipate that the business will post earnings of $0.13 per share, with EPS estimates ranging from $0.05 to $0.21. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Lumos Networks Corp..

Lumos Networks Corp. (NASDAQ:LMOS) last posted its quarterly earnings results on Monday, August 7th. The utilities provider reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Lumos Networks Corp. had a negative return on equity of 2.79% and a negative net margin of 1.70%. The business had revenue of $56.37 million during the quarter, compared to the consensus estimate of $55.33 million.

Several equities research analysts have recently issued reports on LMOS shares. Zacks Investment Research cut Lumos Networks Corp. from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. BidaskClub cut Lumos Networks Corp. from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have 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.

Lumos Networks Corp. (NASDAQ LMOS) traded up 0.06% on Tuesday, hitting $17.90. The stock had a trading volume of 215,267 shares. Lumos Networks Corp. has a 12 month low of $13.25 and a 12 month high of $17.99. The company’s market cap is $428.60 million. The company has a 50-day moving average of $17.89 and a 200 day moving average of $17.66.

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Several large investors have recently bought and sold shares of LMOS. JPMorgan Chase & Co. boosted its position in shares of Lumos Networks Corp. by 271.4% in the first quarter. JPMorgan Chase & Co. now owns 255,954 shares of the utilities provider’s stock worth $4,530,000 after buying an additional 187,042 shares during the last quarter. Gabelli Funds LLC boosted its position in shares of Lumos Networks Corp. by 257.8% in the first quarter. Gabelli Funds LLC now owns 42,935 shares of the utilities provider’s stock worth $760,000 after buying an additional 30,935 shares during the last quarter. Morgan Stanley boosted its position in shares of Lumos Networks Corp. by 202.3% in the first quarter. Morgan Stanley now owns 225,972 shares of the utilities provider’s stock worth $3,999,000 after buying an additional 151,221 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Lumos Networks Corp. by 16.3% in the first quarter. Bank of New York Mellon Corp now owns 401,348 shares of the utilities provider’s stock worth $7,104,000 after buying an additional 56,182 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Lumos Networks Corp. by 3.6% in the first quarter. Principal Financial Group Inc. now owns 179,202 shares of the utilities provider’s stock worth $3,172,000 after buying an additional 6,300 shares during the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

About Lumos Networks Corp.

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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