Wall Street analysts forecast that Lumos Networks Corp. (NASDAQ:LMOS) will post earnings of $0.05 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Lumos Networks Corp.’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.06. Lumos Networks Corp. posted earnings of $0.03 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 66.7%. The business is expected to issue its next quarterly 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 financial year, analysts expect that the business will report earnings of $0.13 per share, with EPS estimates ranging from $0.05 to $0.21. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Lumos Networks Corp..

Lumos Networks Corp. (NASDAQ:LMOS) last issued its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.02 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $56.37 million for the quarter, compared to analyst estimates of $55.33 million.

A number of analysts have issued reports on LMOS shares. Zacks Investment Research downgraded Lumos Networks Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub downgraded Lumos Networks Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $19.25.

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Lumos Networks Corp. (LMOS) opened at 17.93 on Friday. Lumos Networks Corp. has a one year low of $13.25 and a one year high of $17.99. The firm has a 50-day moving average price of $17.92 and a 200-day moving average price of $17.86. The firm’s market capitalization is $429.32 million.

In other news, insider Thomas E. Ferry sold 8,252 shares of Lumos Networks Corp. stock in a transaction on Friday, September 1st. The stock was sold at an average price of $17.94, for a total value of $148,040.88. Following the completion of the transaction, the insider now directly owns 50,383 shares in the company, valued at $903,871.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 8.70% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan grew its position in shares of Lumos Networks Corp. by 6.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 5,660 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 330 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Lumos Networks Corp. by 48.7% in the second quarter. BNP Paribas Arbitrage SA now owns 8,200 shares of the utilities provider’s stock valued at $147,000 after purchasing an additional 2,686 shares in the last quarter. Arizona State Retirement System grew its position in shares of 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 purchasing an additional 100 shares in the last quarter. Thrivent Financial For Lutherans grew its position in shares of 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 purchasing an additional 610 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in shares of Lumos Networks Corp. by 12.0% in the second quarter. Voya Investment Management LLC now owns 13,337 shares of the utilities provider’s stock valued at $238,000 after purchasing an additional 1,434 shares in the last quarter. Institutional investors own 79.71% of the company’s stock.

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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