Equities analysts expect Lumos Networks Corp. (NASDAQ:LMOS) to report sales of $56.21 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Lumos Networks Corp.’s earnings. The highest sales estimate is $56.30 million and the lowest is $56.11 million. Lumos Networks Corp. posted sales of $51.77 million in the same quarter last year, which indicates a positive year over year growth rate of 8.6%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 14th.

On average, analysts expect that Lumos Networks Corp. will report full-year sales of $56.21 million for the current year, with estimates ranging from $223.31 million to $224.00 million. For the next fiscal year, analysts forecast that the firm will post sales of $227.98 million per share, with estimates ranging from $226.90 million to $229.06 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Lumos Networks Corp..

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

A number of analysts have weighed in on LMOS shares. BidaskClub cut shares of Lumos Networks Corp. from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of Lumos Networks Corp. from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Lumos Networks Corp. currently has a consensus rating of “Hold” and a consensus target price of $19.25.

Lumos Networks Corp. (NASDAQ:LMOS) traded up 0.06% during trading on Friday, hitting $17.95. 19,973 shares of the company were exchanged. Lumos Networks Corp. has a 12 month low of $13.25 and a 12 month high of $17.99. The company’s market capitalization is $429.79 million. The company has a 50-day moving average of $17.94 and a 200-day moving average of $17.89.

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In related news, insider Thomas E. Ferry sold 8,252 shares of Lumos Networks Corp. stock in a transaction dated 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 of the company’s stock, valued at $903,871.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of LMOS. Municipal Employees Retirement System of Michigan grew its position in shares of Lumos Networks Corp. by 6.2% in the 2nd 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 during the period. BNP Paribas Arbitrage SA raised its stake in shares of Lumos Networks Corp. by 48.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,200 shares of the utilities provider’s stock worth $147,000 after purchasing an additional 2,686 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Lumos Networks Corp. by 0.8% during the 1st quarter. Arizona State Retirement System now owns 12,280 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 100 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Lumos Networks Corp. by 4.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 13,290 shares of the utilities provider’s stock worth $235,000 after purchasing an additional 610 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Lumos Networks Corp. by 12.0% during the 2nd quarter. Voya Investment Management LLC now owns 13,337 shares of the utilities provider’s stock worth $238,000 after purchasing an additional 1,434 shares in the last quarter. Institutional investors and hedge funds own 79.70% 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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