Brokerages expect Consolidated Communications Holdings Inc (NASDAQ:CNSL) to announce $360.06 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Consolidated Communications’ earnings. The lowest sales estimate is $358.80 million and the highest is $361.20 million. Consolidated Communications reported sales of $175.92 million in the same quarter last year, which indicates a positive year-over-year growth rate of 104.7%. The firm is scheduled to announce its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Consolidated Communications will report full-year sales of $360.06 million for the current financial year. For the next fiscal year, analysts forecast that the business will post sales of $1.41 billion per share, with estimates ranging from $1.40 billion to $1.41 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Consolidated Communications.

A number of equities analysts have issued reports on CNSL shares. Cowen reaffirmed a “hold” rating and set a $21.00 price objective on shares of Consolidated Communications in a report on Thursday, October 19th. Jefferies Group cut their price objective on shares of Consolidated Communications from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of Consolidated Communications from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. ValuEngine downgraded shares of Consolidated Communications from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, Drexel Hamilton raised shares of Consolidated Communications from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $22.00.

Consolidated Communications (CNSL) traded down $0.06 on Friday, reaching $12.45. 1,063,400 shares of the company’s stock were exchanged, compared to its average volume of 1,413,563. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 4.61. The stock has a market cap of $877.66, a P/E ratio of -23.06, a price-to-earnings-growth ratio of 22.76 and a beta of 0.74. Consolidated Communications has a 1 year low of $12.03 and a 1 year high of $26.79.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 15th will be issued a dividend of $0.387 per share. This represents a $1.55 dividend on an annualized basis and a yield of 12.43%. The ex-dividend date is Thursday, January 11th. Consolidated Communications’s dividend payout ratio is -287.04%.

In other Consolidated Communications news, Director Robert J. Currey bought 5,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were bought at an average cost of $13.43 per share, for a total transaction of $67,150.00. Following the purchase, the director now directly owns 45,995 shares of the company’s stock, valued at approximately $617,712.85. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas A. Gerke bought 6,850 shares of the stock in a transaction dated Tuesday, November 7th. The shares were acquired at an average price of $14.63 per share, for a total transaction of $100,215.50. Following the completion of the purchase, the director now directly owns 12,667 shares in the company, valued at $185,318.21. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,550 shares of company stock worth $247,203 over the last ninety days. Insiders own 3.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNSL. Schwab Charles Investment Management Inc. raised its stake in shares of Consolidated Communications by 12.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 360,612 shares of the utilities provider’s stock worth $7,743,000 after purchasing an additional 40,190 shares during the period. SG Americas Securities LLC bought a new stake in shares of Consolidated Communications during the 2nd quarter worth $127,000. Legal & General Group Plc raised its stake in shares of Consolidated Communications by 8.9% during the 2nd quarter. Legal & General Group Plc now owns 98,926 shares of the utilities provider’s stock worth $2,125,000 after purchasing an additional 8,091 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Consolidated Communications by 42.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,630 shares of the utilities provider’s stock worth $336,000 after purchasing an additional 4,657 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of Consolidated Communications by 41.9% during the 2nd quarter. Schroder Investment Management Group now owns 33,422 shares of the utilities provider’s stock worth $714,000 after purchasing an additional 9,876 shares during the period. Institutional investors own 70.79% of the company’s stock.

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About Consolidated Communications

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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