Wall Street brokerages forecast that Consolidated Communications Holdings Inc (NASDAQ:CNSL) will announce sales of $344.17 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Consolidated Communications’ earnings. The highest sales estimate is $345.60 million and the lowest is $342.71 million. Consolidated Communications reported sales of $363.33 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.3%. The company is scheduled to report its next quarterly earnings results before the market opens on Thursday, November 1st.

On average, analysts expect that Consolidated Communications will report full-year sales of $1.39 billion for the current financial year. For the next year, analysts anticipate that the firm will post sales of $1.34 billion, with estimates ranging from $1.33 billion to $1.35 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Consolidated Communications.

Consolidated Communications (NASDAQ:CNSL) last posted its quarterly earnings data on Thursday, August 2nd. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The company had revenue of $350.22 million during the quarter, compared to the consensus estimate of $351.29 million. Consolidated Communications had a net margin of 3.47% and a negative return on equity of 3.15%.

Several equities research analysts have recently issued reports on the company. BidaskClub raised Consolidated Communications from a “hold” rating to a “buy” rating in a research note on Friday, October 5th. Zacks Investment Research raised Consolidated Communications from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.50.

Several hedge funds have recently modified their holdings of CNSL. Hsbc Holdings PLC bought a new stake in shares of Consolidated Communications during the 1st quarter worth approximately $119,000. Profund Advisors LLC bought a new stake in shares of Consolidated Communications during the 1st quarter worth approximately $122,000. Amalgamated Bank bought a new stake in shares of Consolidated Communications during the 2nd quarter worth approximately $126,000. Macquarie Group Ltd. lifted its stake in shares of Consolidated Communications by 85.5% during the 2nd quarter. Macquarie Group Ltd. now owns 10,200 shares of the utilities provider’s stock worth $126,000 after acquiring an additional 4,700 shares during the last quarter. Finally, S. Muoio & CO. LLC bought a new stake in shares of Consolidated Communications during the 2nd quarter worth approximately $135,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:CNSL opened at $11.62 on Friday. The company has a market capitalization of $929.13 million, a PE ratio of 44.69 and a beta of 0.70. Consolidated Communications has a 1 year low of $10.31 and a 1 year high of $20.01. The company has a debt-to-equity ratio of 4.49, a current ratio of 0.78 and a quick ratio of 0.78.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Investors of record on Monday, October 15th will be paid a dividend of $0.387 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 13.32%. The ex-dividend date of this dividend is Friday, October 12th. Consolidated Communications’s dividend payout ratio is currently 596.15%.

Consolidated Communications Company Profile

Consolidated Communications Holdings, Inc, through its subsidiaries, provides various integrated communications services to business and residential customers in the United States. It offers a range of communication services and products that include local and long-distance, high-speed broadband Internet access, video, voice over Internet protocol, private line, custom calling features, security, cloud, data center, managed and IT, and directory publishing services, as well as engages in equipment sales activities.

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