Brokerages expect that Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) will report $0.11 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Consolidated Communications Holdings’ earnings. The lowest EPS estimate is $0.09 and the highest is $0.14. Consolidated Communications Holdings reported earnings per share of $0.15 in the same quarter last year, which would suggest a negative year-over-year growth rate of 26.7%. The firm is expected to announce its next earnings report on Thursday, November 2nd.

On average, analysts expect that Consolidated Communications Holdings will report full-year earnings of $0.50 per share for the current fiscal year, with EPS estimates ranging from $0.46 to $0.55. For the next year, analysts forecast that the firm will report earnings of $0.61 per share, with EPS estimates ranging from $0.54 to $0.65. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Consolidated Communications Holdings.

Consolidated Communications Holdings (NASDAQ:CNSL) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Consolidated Communications Holdings had a net margin of 0.09% and a return on equity of 15.30%. The firm had revenue of $169.95 million during the quarter, compared to analyst estimates of $169.69 million. During the same period in the previous year, the business posted $0.20 earnings per share. The business’s revenue for the quarter was down 9.1% on a year-over-year basis.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Citigroup Inc. upgraded Consolidated Communications Holdings from a “sell” rating to a “neutral” rating in a research report on Wednesday, June 7th. UBS AG upgraded Consolidated Communications Holdings to a “strong-buy” rating in a research report on Friday, June 9th. Raymond James Financial, Inc. upgraded Consolidated Communications Holdings from an “outperform” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research report on Friday, June 9th. Finally, BidaskClub upgraded Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.60.

In related news, Director Robert J. Currey bought 5,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were acquired at an average price of $19.33 per share, with a total value of $96,650.00. Following the completion of the acquisition, the director now owns 48,495 shares in the company, valued at approximately $937,408.35. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard Anthony Lumpkin bought 5,300 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $19.17 per share, for a total transaction of $101,601.00. Following the acquisition, the director now owns 12,667 shares of the company’s stock, valued at approximately $242,826.39. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 11,300 shares of company stock valued at $217,151. 3.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Consolidated Communications Holdings by 0.3% in the second quarter. BlackRock Inc. now owns 7,058,156 shares of the utilities provider’s stock worth $151,539,000 after buying an additional 17,697 shares in the last quarter. Royal Bank of Canada raised its stake in Consolidated Communications Holdings by 11.1% in the second quarter. Royal Bank of Canada now owns 6,029,890 shares of the utilities provider’s stock valued at $129,462,000 after buying an additional 601,410 shares during the period. Vanguard Group Inc. raised its stake in Consolidated Communications Holdings by 0.9% in the second quarter. Vanguard Group Inc. now owns 5,655,583 shares of the utilities provider’s stock valued at $121,425,000 after buying an additional 48,111 shares during the period. Dimensional Fund Advisors LP raised its stake in Consolidated Communications Holdings by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,941,090 shares of the utilities provider’s stock valued at $45,461,000 after buying an additional 32,584 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Consolidated Communications Holdings by 85.9% in the second quarter. Principal Financial Group Inc. now owns 1,500,225 shares of the utilities provider’s stock valued at $32,209,000 after buying an additional 693,132 shares during the period. 67.72% of the stock is currently owned by hedge funds and other institutional investors.

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Consolidated Communications Holdings (CNSL) opened at 19.06 on Wednesday. Consolidated Communications Holdings has a 12-month low of $17.41 and a 12-month high of $30.23. The stock has a market cap of $1.35 billion, a P/E ratio of 6353.33 and a beta of 0.91. The company has a 50 day moving average of $19.30 and a 200-day moving average of $21.94.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Sunday, October 15th will be paid a $0.3874 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date is Thursday, October 12th. Consolidated Communications Holdings’s dividend payout ratio is currently 15,500.00%.

About Consolidated Communications Holdings

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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