Consolidated Communications Holdings, Inc. (CNSL) to Release Quarterly Earnings on Wednesday
Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) is scheduled to announce its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.16 per share for the quarter.
Consolidated Communications Holdings (NASDAQ:CNSL) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $169.95 million for the quarter, compared to analyst estimates of $169.69 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The company’s revenue was down 9.1% on a year-over-year basis. On average, analysts expect Consolidated Communications Holdings to post $0.5 EPS for the current fiscal year and $0.61 EPS for the next fiscal year.
Shares of Consolidated Communications Holdings, Inc. (CNSL) opened at 19.01 on Wednesday. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 6336.67 and a beta of 0.90. Consolidated Communications Holdings, Inc. has a 52 week low of $17.21 and a 52 week high of $30.23. The stock’s 50 day moving average price is $19.08 and its 200-day moving average price is $20.12.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Sunday, October 15th will be issued a $0.3874 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 8.15%. Consolidated Communications Holdings’s payout ratio is currently 15,500.00%.
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In other news, Director Robert J. Currey purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were purchased at an average price of $18.18 per share, for a total transaction of $36,360.00. Following the purchase, the director now directly owns 45,995 shares of the company’s stock, valued at approximately $836,189.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wayne Wilson purchased 3,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were purchased at an average price of $17.45 per share, for a total transaction of $52,350.00. Following the purchase, the director now directly owns 50,211 shares in the company, valued at $876,181.95. The disclosure for this purchase can be found here. Insiders have purchased a total of 26,688 shares of company stock worth $495,724 in the last 90 days. 3.00% of the stock is currently owned by company insiders.
CNSL has been the topic of a number of recent analyst reports. BidaskClub upgraded Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. ValuEngine upgraded Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. TheStreet downgraded Consolidated Communications Holdings from a “c” rating to a “d+” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Cowen and Company restated a “hold” rating and set a $21.00 price target on shares of Consolidated Communications Holdings in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Consolidated Communications Holdings presently has an average rating of “Buy” and an average target price of $24.25.
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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