Lumos Networks Corp. (NASDAQ:LMOS) – Equities researchers at Jefferies Group lifted their Q3 2017 earnings estimates for Lumos Networks Corp. in a research report issued on Tuesday. Jefferies Group analyst S. Goldman now expects that the utilities provider will post earnings of $0.04 per share for the quarter, up from their prior estimate of $0.01. Jefferies Group also issued estimates for Lumos Networks Corp.’s Q4 2017 earnings at $0.04 EPS, FY2017 earnings at ($0.14) EPS and FY2018 earnings at $0.21 EPS.

Lumos Networks Corp. (NASDAQ:LMOS) last issued its earnings results on Monday, August 7th. The utilities provider reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. The business had revenue of $56.37 million for the quarter, compared to analyst estimates of $55.33 million. Lumos Networks Corp. had a negative net margin of 1.70% and a negative return on equity of 2.79%.

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Several other brokerages also recently weighed in on LMOS. Zacks Investment Research raised shares of Lumos Networks Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub downgraded shares of Lumos Networks Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $19.25.

Lumos Networks Corp. (LMOS) opened at 17.88 on Friday. Lumos Networks Corp. has a 12 month low of $13.01 and a 12 month high of $17.99. The stock’s 50 day moving average is $17.89 and its 200-day moving average is $17.48. The stock’s market capitalization is $428.12 million.

Several large investors have recently made changes to their positions in LMOS. Parametric Portfolio Associates LLC increased its stake in shares of Lumos Networks Corp. by 18.4% in the first quarter. Parametric Portfolio Associates LLC now owns 57,726 shares of the utilities provider’s stock worth $1,022,000 after buying an additional 8,954 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Lumos Networks Corp. by 4.2% in the first quarter. Ameriprise Financial Inc. now owns 124,053 shares of the utilities provider’s stock worth $2,196,000 after buying an additional 5,042 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Lumos Networks Corp. during the first quarter worth approximately $413,000. Gabelli Funds LLC increased its stake 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. Finally, Comerica Bank increased its stake in shares of Lumos Networks Corp. by 4.2% in the first quarter. Comerica Bank now owns 25,803 shares of the utilities provider’s stock worth $462,000 after buying an additional 1,048 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Lumos Networks Corp. Company Profile

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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