Brokerages expect that Consolidated Communications Holdings Inc (NASDAQ:CNSL) will post sales of $334.10 million for the current quarter, Zacks reports. Two analysts have made estimates for Consolidated Communications’ earnings, with estimates ranging from $333.80 million to $334.40 million. Consolidated Communications reported sales of $350.22 million in the same quarter last year, which would suggest a negative year over year growth rate of 4.6%. The business is expected to report its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that Consolidated Communications will report full-year sales of $1.34 billion for the current year. For the next fiscal year, analysts expect that the firm will post sales of $1.31 billion, with estimates ranging from $1.30 billion to $1.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Consolidated Communications.

Consolidated Communications (NASDAQ:CNSL) last issued its quarterly earnings results on Thursday, April 25th. The utilities provider reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.11. The company had revenue of $338.65 million during the quarter, compared to analysts’ expectations of $338.29 million. Consolidated Communications had a negative net margin of 3.39% and a negative return on equity of 5.87%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the business earned ($0.07) EPS.

A number of analysts recently issued reports on CNSL shares. BidaskClub raised Consolidated Communications from a “hold” rating to a “buy” rating in a report on Friday, April 5th. TheStreet cut Consolidated Communications from a “c-” rating to a “d+” rating in a report on Friday, April 26th. Wells Fargo & Co raised Consolidated Communications from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $11.25 to $8.00 in a report on Friday, April 26th. Zacks Investment Research raised Consolidated Communications from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a report on Tuesday, April 30th. Finally, ValuEngine cut Consolidated Communications from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Consolidated Communications presently has a consensus rating of “Hold” and an average price target of $6.00.

Shares of CNSL traded up $0.23 during mid-day trading on Thursday, hitting $5.11. 54,949 shares of the company’s stock were exchanged, compared to its average volume of 1,360,089. The stock has a market capitalization of $354.36 million, a P/E ratio of -12.13 and a beta of 0.83. Consolidated Communications has a 52 week low of $4.74 and a 52 week high of $14.23. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 6.14.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Monday, April 15th were issued a dividend of $0.3874 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 30.32%. This is a boost from Consolidated Communications’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, April 12th. Consolidated Communications’s dividend payout ratio (DPR) is currently -369.05%.

Several hedge funds and other institutional investors have recently made changes to their positions in CNSL. Mackay Shields LLC bought a new position in Consolidated Communications during the 4th quarter worth approximately $589,000. Principal Financial Group Inc. lifted its stake in shares of Consolidated Communications by 11.5% in the 4th quarter. Principal Financial Group Inc. now owns 4,060,966 shares of the utilities provider’s stock valued at $40,122,000 after purchasing an additional 417,662 shares during the period. Vanguard Group Inc lifted its stake in shares of Consolidated Communications by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 7,641,474 shares of the utilities provider’s stock valued at $99,645,000 after purchasing an additional 44,238 shares during the period. Raymond James Trust N.A. purchased a new position in shares of Consolidated Communications in the 1st quarter valued at approximately $129,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Consolidated Communications by 7.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 74,570 shares of the utilities provider’s stock valued at $814,000 after purchasing an additional 5,000 shares during the period. 70.69% of the stock is currently owned by institutional investors.

Consolidated Communications Company Profile

Consolidated Communications Holdings, Inc provides business and broadband communications services. It provides integrated communication 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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