Consolidated Communications Holdings Inc. (CNSL) To Go Ex-Dividend on October 12th
Consolidated Communications Holdings Inc. (NASDAQ:CNSL) declared a dividend on Monday, August 8th. Investors of record on Friday, October 14th will be given a dividend of 0.387 per share on Tuesday, November 1st. The ex-dividend date of this dividend is Wednesday, October 12th.
Consolidated Communications Holdings (NASDAQ:CNSL) opened at 24.82 on Friday. Consolidated Communications Holdings has a 52-week low of $17.76 and a 52-week high of $28.78. The company has a market cap of $1.26 billion, a P/E ratio of 83.57 and a beta of 1.09. The company has a 50-day moving average of $24.52 and a 200-day moving average of $25.27.
Consolidated Communications Holdings (NASDAQ:CNSL) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business earned $186.90 million during the quarter, compared to analysts’ expectations of $193.77 million. Consolidated Communications Holdings had a return on equity of 13.91% and a net margin of 2.01%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 EPS. On average, equities research analysts expect that Consolidated Communications Holdings will post $0.70 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the company. Zacks Investment Research raised Consolidated Communications Holdings from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Wednesday. Drexel Hamilton set a $26.00 price objective on Consolidated Communications Holdings and gave the stock a “hold” rating in a research report on Friday, August 5th. Citigroup Inc. upped their price objective on Consolidated Communications Holdings from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, August 5th. Raymond James Financial Inc. cut Consolidated Communications Holdings from a “market perform” rating to an “underperform” rating in a research report on Friday, August 5th. They noted that the move was a valuation call. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Consolidated Communications Holdings in a research report on Thursday, August 4th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Consolidated Communications Holdings currently has a consensus rating of “Hold” and an average price target of $23.40.
In other Consolidated Communications Holdings news, CFO Steven L. Childers sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $28.20, for a total transaction of $282,000.00. Following the completion of the sale, the chief financial officer now directly owns 85,410 shares of the company’s stock, valued at approximately $2,408,562. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of CNSL. Profund Advisors LLC increased its stake in Consolidated Communications Holdings by 2.1% in the second quarter. Profund Advisors LLC now owns 12,022 shares of the company’s stock valued at $327,000 after buying an additional 252 shares in the last quarter. Advisor Group Inc. bought a new stake in Consolidated Communications Holdings during the second quarter valued at approximately $124,000. Raymond James & Associates increased its stake in Consolidated Communications Holdings by 8.1% in the second quarter. Raymond James & Associates now owns 54,930 shares of the company’s stock valued at $1,496,000 after buying an additional 4,100 shares in the last quarter. Teachers Advisors Inc. increased its stake in Consolidated Communications Holdings by 1.8% in the second quarter. Teachers Advisors Inc. now owns 82,489 shares of the company’s stock valued at $2,247,000 after buying an additional 1,432 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in Consolidated Communications Holdings during the second quarter valued at approximately $250,000. 62.08% 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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