Wall Street analysts expect that Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) will report sales of $360.24 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Consolidated Communications Holdings’ earnings, with estimates ranging from $354.30 million to $365.90 million. Consolidated Communications Holdings posted sales of $175.92 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 104.8%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Consolidated Communications Holdings will report full-year sales of $360.24 million for the current fiscal year, with estimates ranging from $1.05 billion to $1.07 billion. For the next fiscal year, analysts expect that the company will report sales of $1.41 billion per share, with estimates ranging from $1.39 billion to $1.44 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Consolidated Communications Holdings.

Consolidated Communications Holdings (NASDAQ:CNSL) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.03. The company had revenue of $169.95 million for the quarter, compared to the consensus estimate of $169.69 million. Consolidated Communications Holdings had a negative net margin of 3.96% and a positive return on equity of 7.43%. Consolidated Communications Holdings’s revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 earnings per share.

CNSL has been the topic of a number of recent research reports. BidaskClub downgraded shares of Consolidated Communications Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Jefferies Group LLC cut their price objective on shares of Consolidated Communications Holdings from $21.00 to $19.00 and set a “hold” rating on the stock in a research report on Friday. ValuEngine upgraded shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. TheStreet cut shares of Consolidated Communications Holdings from a “c” rating to a “d+” rating in a research report on Thursday, August 3rd. Finally, Cowen and Company reiterated a “hold” rating and set a $21.00 price objective on shares of Consolidated Communications Holdings in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $22.00.

In related news, Director Richard Anthony Lumpkin purchased 5,300 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $19.17 per share, for a total transaction of $101,601.00. Following the completion of the acquisition, the director now owns 12,667 shares in the company, valued at approximately $242,826.39. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Timothy D. Taron purchased 2,500 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was bought at an average price of $19.10 per share, for a total transaction of $47,750.00. Following the completion of the acquisition, the director now owns 3,159 shares of the company’s stock, valued at approximately $60,336.90. The disclosure for this purchase can be found here. Insiders have acquired 26,688 shares of company stock worth $495,724 in the last quarter. Company insiders own 3.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Consolidated Communications Holdings in the second quarter worth about $127,000. QS Investors LLC grew its holdings in shares of Consolidated Communications Holdings by 17,467.6% in the second quarter. QS Investors LLC now owns 6,500 shares of the utilities provider’s stock worth $140,000 after purchasing an additional 6,463 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Consolidated Communications Holdings by 28.7% in the second quarter. Advisor Group Inc. now owns 8,268 shares of the utilities provider’s stock worth $167,000 after purchasing an additional 1,846 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Consolidated Communications Holdings by 79.2% in the second quarter. State of Alaska Department of Revenue now owns 10,020 shares of the utilities provider’s stock worth $215,000 after purchasing an additional 4,430 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Consolidated Communications Holdings in the third quarter worth about $194,000. Hedge funds and other institutional investors own 67.72% of the company’s stock.

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Consolidated Communications Holdings (NASDAQ:CNSL) traded down $1.94 during trading on Wednesday, reaching $16.06. 1,920,000 shares of the company were exchanged, compared to its average volume of 406,984. The stock has a market capitalization of $1,137.64, a P/E ratio of 45.89, a price-to-earnings-growth ratio of 17.25 and a beta of 0.86. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 4.61. Consolidated Communications Holdings has a 52 week low of $16.03 and a 52 week high of $30.23.

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 given a dividend of $0.387 per share. This represents a $1.55 dividend on an annualized basis and a yield of 9.64%. The ex-dividend date of this dividend is Thursday, January 11th. Consolidated Communications Holdings’s dividend payout ratio (DPR) is -287.03%.

About Consolidated Communications Holdings

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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