Wall Street brokerages expect that Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) will report earnings of $0.12 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Consolidated Communications Holdings’ earnings. The lowest EPS estimate is $0.10 and the highest is $0.15. Consolidated Communications Holdings posted earnings of $0.16 per share during the same quarter last year, which suggests a negative year over year growth rate of 25%. The company is expected to report its next earnings report before the market opens 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 fiscal year, with EPS estimates ranging from $0.49 to $0.58. For the next financial year, analysts anticipate that the company will report earnings of $0.64 per share, with EPS estimates ranging from $0.57 to $0.69. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Consolidated Communications Holdings.

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 analysts’ consensus estimates 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 company had revenue of $169.95 million for the quarter, compared to analyst estimates of $169.69 million. During the same quarter in the prior 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.

A number of equities analysts have issued reports on the company. Cowen and Company reiterated a “hold” rating and issued a $21.00 price objective on shares of Consolidated Communications Holdings in a report on Thursday, October 19th. ValuEngine downgraded Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. BidaskClub upgraded Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. TheStreet downgraded Consolidated Communications Holdings from a “c” rating to a “d+” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $24.25.

Consolidated Communications Holdings (NASDAQ CNSL) opened at 19.24 on Monday. The firm’s 50 day moving average price is $19.17 and its 200-day moving average price is $20.07. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 6413.33 and a beta of 0.90. Consolidated Communications Holdings has a 52 week low of $17.21 and a 52 week high of $30.23.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Sunday, October 15th will be issued 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 8.05%. Consolidated Communications Holdings’s payout ratio is presently 15,500.00%.

In related news, Director Robert J. Currey purchased 2,000 shares of Consolidated Communications Holdings stock in a transaction dated Wednesday, September 6th. The stock was purchased at an average cost of $18.18 per share, for a total transaction of $36,360.00. Following the completion of the acquisition, the director now directly owns 45,995 shares of the company’s stock, valued at $836,189.10. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert J. Currey purchased 5,000 shares of Consolidated Communications Holdings stock in a transaction dated Wednesday, August 9th. The shares were bought at an average price of $19.33 per share, with a total value of $96,650.00. Following the completion of the acquisition, the director now directly owns 48,495 shares of the company’s stock, valued at $937,408.35. The disclosure for this purchase can be found here. Insiders have bought 26,688 shares of company stock valued at $495,724 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Several large investors have recently modified their holdings of CNSL. OppenheimerFunds Inc. increased its holdings in shares of Consolidated Communications Holdings by 41.7% during the first quarter. OppenheimerFunds Inc. now owns 24,304 shares of the utilities provider’s stock valued at $569,000 after acquiring an additional 7,148 shares in the last quarter. FMR LLC increased its holdings in shares of Consolidated Communications Holdings by 13.1% during the first quarter. FMR LLC now owns 295,081 shares of the utilities provider’s stock valued at $6,911,000 after acquiring an additional 34,200 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Consolidated Communications Holdings by 3.5% during the first quarter. Teachers Advisors LLC now owns 88,510 shares of the utilities provider’s stock valued at $2,073,000 after acquiring an additional 2,964 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Consolidated Communications Holdings by 4.9% during the first quarter. PNC Financial Services Group Inc. now owns 37,919 shares of the utilities provider’s stock valued at $889,000 after acquiring an additional 1,757 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Consolidated Communications Holdings by 0.8% during the first quarter. Legal & General Group Plc now owns 90,835 shares of the utilities provider’s stock valued at $2,130,000 after acquiring an additional 691 shares in the last quarter. Hedge funds and other institutional investors own 67.72% of the company’s stock.

WARNING: “Analysts Anticipate Consolidated Communications Holdings, Inc. (CNSL) to Post $0.12 Earnings Per Share” was originally published by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/10/30/analysts-anticipate-consolidated-communications-holdings-inc-cnsl-to-post-0-12-earnings-per-share.html.

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.

Get a free copy of the Zacks research report on Consolidated Communications Holdings (CNSL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Consolidated Communications Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated Communications Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.