EarthLink Holdings Corp. (NASDAQ:ELNK) – Research analysts at Jefferies Group lifted their Q4 2016 EPS estimates for shares of EarthLink Holdings Corp. in a note issued to investors on Tuesday. Jefferies Group analyst S. Goldman now anticipates that the firm will earn ($0.02) per share for the quarter, up from their previous forecast of ($0.03). Jefferies Group has a “Hold” rating and a $4.90 price objective on the stock.

Several other research firms have also recently weighed in on ELNK. B. Riley began coverage on shares of EarthLink Holdings Corp. in a report on Sunday, August 14th. They set a “buy” rating and a $10.00 price target on the stock. Barclays PLC boosted their target price on shares of EarthLink Holdings Corp. to $18.00 and gave the company a “neutral” rating in a research note on Thursday, August 18th. Cowen and Company began coverage on shares of EarthLink Holdings Corp. in a research note on Monday, October 17th. They issued an “outperform” rating and a $8.00 target price on the stock. Zacks Investment Research upgraded shares of EarthLink Holdings Corp. from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research note on Monday, October 17th. Finally, Drexel Hamilton cut shares of EarthLink Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $9.53.

Earnings History and Estimates for EarthLink Holdings Corp. (NASDAQ:ELNK)

Shares of EarthLink Holdings Corp. (NASDAQ:ELNK) opened at 4.89 on Thursday. The firm’s market cap is $515.87 million. EarthLink Holdings Corp. has a 52-week low of $4.87 and a 52-week high of $9.30. The company’s 50 day moving average is $5.97 and its 200 day moving average is $6.29.

EarthLink Holdings Corp. (NASDAQ:ELNK) last posted its quarterly earnings results on Monday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.09. The firm had revenue of $235.10 million for the quarter, compared to analyst estimates of $232.44 million. EarthLink Holdings Corp. had a negative return on equity of 14.46% and a negative net margin of 0.01%. The company’s revenue for the quarter was down 13.2% on a year-over-year basis.

Several hedge funds have recently bought and sold shares of ELNK. Profund Advisors LLC raised its stake in EarthLink Holdings Corp. by 8.5% in the third quarter. Profund Advisors LLC now owns 84,119 shares of the company’s stock worth $522,000 after buying an additional 6,596 shares during the period. Princeton Alpha Management LP raised its stake in EarthLink Holdings Corp. by 154.9% in the third quarter. Princeton Alpha Management LP now owns 41,428 shares of the company’s stock worth $257,000 after buying an additional 25,174 shares during the period. Suntrust Banks Inc. raised its stake in EarthLink Holdings Corp. by 1.8% in the third quarter. Suntrust Banks Inc. now owns 18,680 shares of the company’s stock worth $115,000 after buying an additional 337 shares during the period. Emerald Acquisition Ltd. raised its stake in EarthLink Holdings Corp. by 7.0% in the third quarter. Emerald Acquisition Ltd. now owns 590,177 shares of the company’s stock worth $3,659,000 after buying an additional 38,704 shares during the period. Finally, California State Teachers Retirement System raised its stake in EarthLink Holdings Corp. by 1.0% in the third quarter. California State Teachers Retirement System now owns 222,482 shares of the company’s stock worth $1,379,000 after buying an additional 2,100 shares during the period. 88.80% of the stock is currently owned by institutional investors.

In other news, EVP Rick C. Froehlich sold 31,499 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $6.33, for a total value of $199,388.67. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 21st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Monday, December 19th. EarthLink Holdings Corp.’s dividend payout ratio (DPR) is currently -2,000.00%.

About EarthLink Holdings Corp.

EarthLink, Inc (EarthLink), is a network, communications and information technology (IT) services provider to business and residential customers in the United States. The Company operates in two segments: Business Services and Consumer Services. EarthLink’s Business Services segment provides a range of data, voice, managed IT and equipment services to business customers.

5 Day Chart for NASDAQ:ELNK

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