Equities analysts predict that Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) will post earnings of $0.12 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Consolidated Communications Holdings’ earnings. The highest EPS estimate is $0.15 and the lowest is $0.10. Consolidated Communications Holdings posted earnings per share of $0.16 during the same quarter last year, which suggests a negative year over year growth rate of 25%. The business is scheduled to report its next earnings report on Thursday, November 2nd.

On average, analysts expect that Consolidated Communications Holdings will report full year earnings of $0.54 per share for the current year, with EPS estimates ranging from $0.49 to $0.58. For the next year, analysts expect that the business will report earnings of $0.64 per share, with EPS estimates ranging from $0.57 to $0.69. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Consolidated Communications Holdings.

Consolidated Communications Holdings (NASDAQ:CNSL) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. Consolidated Communications Holdings had a return on equity of 15.30% and a net margin of 0.09%. The firm had revenue of $169.95 million during the quarter, compared to the consensus estimate of $169.69 million. During the same quarter in the previous year, the company posted $0.20 EPS. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year.

Several analysts have recently commented on CNSL shares. BidaskClub upgraded Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. TheStreet cut shares of Consolidated Communications Holdings from a “c” rating to a “d+” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Cowen and Company reaffirmed a “hold” rating and issued a $22.00 price target on shares of Consolidated Communications Holdings in a research report on Friday, July 28th. Finally, ValuEngine raised shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Consolidated Communications Holdings currently has an average rating of “Hold” and an average price target of $24.50.

Shares of Consolidated Communications Holdings (NASDAQ:CNSL) traded up 0.94% during trading on Tuesday, reaching $20.30. The company’s stock had a trading volume of 264,778 shares. Consolidated Communications Holdings has a 52-week low of $17.21 and a 52-week high of $30.23. The firm’s 50-day moving average is $18.88 and its 200 day moving average is $20.41. The company has a market cap of $1.44 billion, a PE ratio of 6766.67 and a beta of 0.90.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Sunday, October 15th will be given a dividend of $0.3874 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.55 annualized dividend and a dividend yield of 7.63%. Consolidated Communications Holdings’s dividend payout ratio is currently 15,500.00%.

In other news, Director Richard Anthony Lumpkin bought 5,300 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $19.17 per share, with a total value of $101,601.00. Following the transaction, the director now directly owns 12,667 shares in the company, valued at $242,826.39. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert J. Currey bought 5,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were purchased at an average cost of $19.33 per share, for a total transaction of $96,650.00. Following the transaction, the director now owns 48,495 shares in the company, valued at $937,408.35. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 26,688 shares of company stock worth $495,724. Insiders own 3.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Consolidated Communications Holdings by 0.3% during the 2nd quarter. BlackRock Inc. now owns 7,058,156 shares of the utilities provider’s stock worth $151,539,000 after buying an additional 17,697 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Consolidated Communications Holdings by 11.1% during the 2nd quarter. Royal Bank of Canada now owns 6,029,890 shares of the utilities provider’s stock worth $129,462,000 after buying an additional 601,410 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Consolidated Communications Holdings by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 5,655,583 shares of the utilities provider’s stock worth $121,425,000 after buying an additional 48,111 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Consolidated Communications Holdings by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,941,090 shares of the utilities provider’s stock worth $45,461,000 after buying an additional 32,584 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Consolidated Communications Holdings by 85.9% during the 2nd quarter. Principal Financial Group Inc. now owns 1,500,225 shares of the utilities provider’s stock worth $32,209,000 after buying an additional 693,132 shares in the last quarter. 67.72% of the stock is currently owned by hedge funds and other institutional investors.

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Consolidated Communications Holdings Company Profile

Consolidated Communications Holdings, Inc is a holding company with operating subsidiaries that provide integrated communications services in consumer, commercial and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas and Wisconsin.

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