Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) – Investment analysts at Jefferies Group issued their Q3 2017 earnings per share estimates for Consolidated Communications Holdings in a research report issued on Tuesday. Jefferies Group analyst S. Goldman expects that the utilities provider will post earnings per share of $0.11 for the quarter. Jefferies Group also issued estimates for Consolidated Communications Holdings’ Q4 2017 earnings at $0.13 EPS, FY2017 earnings at $0.50 EPS and FY2018 earnings at $0.65 EPS.

Consolidated Communications Holdings (NASDAQ:CNSL) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $169.95 million for the quarter, compared to analyst estimates of $169.69 million. During the same period last year, the company earned $0.20 earnings per share. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis.

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A number of other equities analysts have also commented on CNSL. Zacks Investment Research raised Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Citigroup Inc. raised Consolidated Communications Holdings from a “sell” rating to a “neutral” rating in a research note on Wednesday, June 7th. UBS AG raised Consolidated Communications Holdings to a “strong-buy” rating in a research note on Friday, June 9th. Raymond James Financial, Inc. raised Consolidated Communications Holdings from an “outperform” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a research note on Friday, June 9th. Finally, BidaskClub upgraded Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $25.60.

Shares of Consolidated Communications Holdings (NASDAQ:CNSL) opened at 19.05 on Friday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 6350.00 and a beta of 0.91. Consolidated Communications Holdings has a 12 month low of $17.41 and a 12 month high of $30.23. The firm has a 50-day moving average price of $19.39 and a 200 day moving average price of $22.15.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors 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 yield of 8.13%. Consolidated Communications Holdings’s dividend payout ratio is presently 15,500.00%.

In related news, Director Robert J. Currey acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was acquired at an average price of $19.33 per share, for a total transaction of $96,650.00. Following the completion of the acquisition, the director now owns 48,495 shares of the company’s stock, valued at approximately $937,408.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CNSL. Hanson McClain Inc. boosted its position in Consolidated Communications Holdings by 0.3% in the first quarter. Hanson McClain Inc. now owns 12,383 shares of the utilities provider’s stock worth $290,000 after buying an additional 34 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position in Consolidated Communications Holdings by 0.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 20,288 shares of the utilities provider’s stock worth $436,000 after buying an additional 64 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Consolidated Communications Holdings by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the utilities provider’s stock worth $444,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System boosted its position in Consolidated Communications Holdings by 0.4% in the second quarter. Arizona State Retirement System now owns 26,462 shares of the utilities provider’s stock worth $568,000 after buying an additional 100 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Consolidated Communications Holdings by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 5,590 shares of the utilities provider’s stock worth $130,000 after buying an additional 110 shares during the last quarter. 67.14% of the stock is owned by hedge funds and other institutional investors.

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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