Equities analysts expect that Lumos Networks Corp. (NASDAQ:LMOS) will post earnings per share of $0.05 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Lumos Networks Corp.’s earnings, with estimates ranging from $0.04 to $0.06. Lumos Networks Corp. reported earnings of $0.03 per share during the same quarter last year, which indicates a positive year over year growth rate of 66.7%. The business is expected to announce its next quarterly earnings results on Tuesday, November 14th.

On average, analysts expect that Lumos Networks Corp. will report full year earnings of ($0.12) per share for the current financial year, with EPS estimates ranging from ($0.14) to ($0.10). For the next year, analysts anticipate that the business will post earnings of $0.13 per share, with EPS estimates ranging from $0.05 to $0.21. Zacks’ EPS calculations are an average based on a survey of research firms that cover Lumos Networks Corp..

Lumos Networks Corp. (NASDAQ:LMOS) last announced its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. The firm had revenue of $56.37 million during the quarter, compared to analysts’ expectations of $55.33 million. Lumos Networks Corp. had a negative net margin of 1.70% and a negative return on equity of 2.79%.

LMOS has been the subject of several research reports. Zacks Investment Research cut shares of Lumos Networks Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. BidaskClub lowered shares of Lumos Networks Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Lumos Networks Corp. presently has a consensus rating of “Hold” and a consensus price target of $19.25.

Several institutional investors have recently bought and sold shares of LMOS. JPMorgan Chase & Co. raised its position in Lumos Networks Corp. by 271.4% in the first quarter. JPMorgan Chase & Co. now owns 255,954 shares of the utilities provider’s stock valued at $4,530,000 after buying an additional 187,042 shares during the period. OMERS ADMINISTRATION Corp raised its position in Lumos Networks Corp. by 313.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 50,000 shares of the utilities provider’s stock valued at $885,000 after buying an additional 37,900 shares during the period. Kassirer Asset Management Corp purchased a new position in Lumos Networks Corp. during the first quarter valued at $5,001,000. State of Tennessee Treasury Department raised its position in Lumos Networks Corp. by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 21,590 shares of the utilities provider’s stock valued at $382,000 after buying an additional 3,258 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in Lumos Networks Corp. by 18.4% in the first quarter. Parametric Portfolio Associates LLC now owns 57,726 shares of the utilities provider’s stock valued at $1,022,000 after buying an additional 8,954 shares during the period. 79.71% of the stock is owned by hedge funds and other institutional investors.

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Shares of Lumos Networks Corp. (NASDAQ LMOS) opened at 17.98 on Tuesday. The stock’s market capitalization is $430.51 million. Lumos Networks Corp. has a 52 week low of $13.25 and a 52 week high of $17.99. The stock has a 50 day moving average of $17.90 and a 200-day moving average of $17.74.

Lumos Networks Corp. Company Profile

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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