Analysts expect that Lumos Networks Corp. (NASDAQ:LMOS) will post $56.21 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Lumos Networks Corp.’s earnings. The lowest sales estimate is $56.11 million and the highest is $56.30 million. Lumos Networks Corp. posted sales of $51.77 million in the same quarter last year, which suggests a positive year over year growth rate of 8.6%. The firm is scheduled to report its next quarterly earnings report on Tuesday, November 14th.

On average, analysts expect that Lumos Networks Corp. will report full year sales of $56.21 million for the current financial year, with estimates ranging from $223.31 million to $224.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $227.98 million per share, with estimates ranging from $226.90 million to $229.06 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Lumos Networks Corp..

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

LMOS has been the topic of several recent analyst reports. Zacks Investment Research cut Lumos Networks Corp. from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. BidaskClub cut Lumos Networks Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $19.25.

Lumos Networks Corp. (LMOS) opened at 17.94 on Tuesday. Lumos Networks Corp. has a one year low of $13.25 and a one year high of $17.99. The stock has a 50 day moving average price of $17.91 and a 200-day moving average price of $17.85. The firm’s market cap is $429.56 million.

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In related news, insider Thomas E. Ferry sold 8,252 shares of Lumos Networks Corp. stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $17.94, for a total value of $148,040.88. Following the sale, the insider now owns 50,383 shares of the company’s stock, valued at approximately $903,871.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Lumos Networks Corp. by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 2,909,952 shares of the utilities provider’s stock valued at $51,506,000 after buying an additional 212,774 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Lumos Networks Corp. by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,215,549 shares of the utilities provider’s stock valued at $21,515,000 after buying an additional 33,312 shares during the last quarter. Renaissance Technologies LLC raised its position in Lumos Networks Corp. by 47.0% in the 1st quarter. Renaissance Technologies LLC now owns 850,500 shares of the utilities provider’s stock valued at $15,054,000 after buying an additional 272,000 shares during the last quarter. Kennedy Capital Management Inc. acquired a new stake in Lumos Networks Corp. in the 1st quarter valued at approximately $12,271,000. Finally, Glazer Capital LLC raised its position in Lumos Networks Corp. by 259.0% in the 2nd quarter. Glazer Capital LLC now owns 544,592 shares of the utilities provider’s stock valued at $9,732,000 after buying an additional 392,891 shares during the last quarter. 79.71% of the stock is currently owned by institutional investors and hedge funds.

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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