Consolidated Communications Holdings, Inc. (CNSL) To Go Ex-Dividend on October 12th
Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) declared a quarterly dividend on Wednesday, August 2nd, Wall Street Journal reports. Investors of record on Sunday, October 15th will be paid a dividend of 0.3874 per share by the utilities provider on Wednesday, November 1st. This represents a $1.55 annualized dividend and a yield of 7.63%. The ex-dividend date of this dividend is Thursday, October 12th.
Consolidated Communications Holdings (NASDAQ CNSL) opened at 20.30 on Wednesday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 6766.67 and a beta of 0.90. The company has a 50-day moving average price of $18.88 and a 200 day moving average price of $20.41. Consolidated Communications Holdings has a 12 month low of $17.21 and a 12 month high of $30.23.
Consolidated Communications Holdings (NASDAQ:CNSL) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The firm had revenue of $169.95 million during the quarter, compared to analysts’ expectations of $169.69 million. Consolidated Communications Holdings had a net margin of 0.09% and a return on equity of 15.30%. Consolidated Communications Holdings’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 EPS. Equities analysts predict that Consolidated Communications Holdings will post $0.55 earnings per share for the current year.
CNSL has been the subject of several research reports. Zacks Investment Research raised shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub cut shares of Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. ValuEngine cut shares of Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Cowen and Company reissued a “hold” rating and set a $22.00 price objective on shares of Consolidated Communications Holdings in a research note on Friday, July 28th. Finally, TheStreet cut shares of Consolidated Communications Holdings from a “c” rating to a “d+” rating in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Consolidated Communications Holdings currently has a consensus rating of “Hold” and an average target price of $24.50.
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In other Consolidated Communications Holdings news, Director Robert J. Currey bought 2,000 shares of Consolidated Communications Holdings stock in a transaction that occurred on Wednesday, September 6th. The shares were acquired at an average price of $18.18 per share, for a total transaction of $36,360.00. Following the acquisition, the director now owns 45,995 shares of the company’s stock, valued at approximately $836,189.10. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard Anthony Lumpkin bought 5,300 shares of Consolidated Communications Holdings stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $19.17 per share, for a total transaction of $101,601.00. Following the acquisition, the director now directly owns 12,667 shares in the company, valued at approximately $242,826.39. The disclosure for this purchase can be found here. Insiders have bought a total of 26,688 shares of company stock valued at $495,724 over the last three months. Corporate insiders own 3.00% of the company’s stock.
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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