Zacks: Analysts Expect Lumos Networks Corp. (LMOS) Will Post Earnings of $0.05 Per Share
Wall Street analysts expect that Lumos Networks Corp. (NASDAQ:LMOS) will report $0.05 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Lumos Networks Corp.’s earnings. The highest EPS estimate is $0.06 and the lowest is $0.04. 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 scheduled to report 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 year, with EPS estimates ranging from ($0.14) to ($0.10). For the next fiscal year, analysts anticipate that the company will post earnings of $0.13 per share, with EPS estimates ranging from $0.05 to $0.21. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Lumos Networks Corp..
Lumos Networks Corp. (NASDAQ:LMOS) last issued its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Lumos Networks Corp. had a negative net margin of 1.70% and a negative return on equity of 2.79%. The firm had revenue of $56.37 million for the quarter, compared to analyst estimates of $55.33 million.
Several brokerages have recently commented on LMOS. Zacks Investment Research cut shares of Lumos Networks Corp. from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Lumos Networks Corp. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $19.25.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of Lumos Networks Corp. by 8.4% in the fourth quarter. State Street Corp now owns 434,209 shares of the utilities provider’s stock worth $6,785,000 after buying an additional 33,740 shares in the last quarter. Gabelli Funds LLC boosted its position in shares of Lumos Networks Corp. by 257.8% in the first quarter. Gabelli Funds LLC now owns 42,935 shares of the utilities provider’s stock worth $760,000 after buying an additional 30,935 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Lumos Networks Corp. by 16.3% in the first quarter. Bank of New York Mellon Corp now owns 401,348 shares of the utilities provider’s stock worth $7,104,000 after buying an additional 56,182 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in shares of Lumos Networks Corp. during the first quarter worth about $2,593,000. Finally, Prudential Financial Inc. boosted its position in shares of Lumos Networks Corp. by 0.6% in the first quarter. Prudential Financial Inc. now owns 39,791 shares of the utilities provider’s stock worth $704,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.
Shares of Lumos Networks Corp. (NASDAQ:LMOS) traded down 0.06% during trading on Friday, reaching $17.87. 38,784 shares of the company’s stock were exchanged. Lumos Networks Corp. has a 52-week low of $13.01 and a 52-week high of $17.99. The firm’s market capitalization is $427.88 million. The company has a 50 day moving average of $17.89 and a 200 day moving average of $17.48.
About Lumos Networks Corp.
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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