$360.06 Million in Sales Expected for Consolidated Communications Holdings, Inc. (CNSL) This Quarter

Equities research analysts expect Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) to post $360.06 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Consolidated Communications Holdings’ earnings, with estimates ranging from $358.80 million to $361.20 million. Consolidated Communications Holdings posted sales of $175.92 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 104.7%. The firm is expected to announce its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Consolidated Communications Holdings will report full-year sales of $360.06 million for the current financial year. For the next financial year, analysts forecast that the firm will post sales of $1.41 billion per share, with estimates ranging from $1.40 billion to $1.41 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Consolidated Communications Holdings.

A number of research analysts recently commented on the stock. TheStreet lowered shares of Consolidated Communications Holdings from a “c” rating to a “d+” rating in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Cowen and Company reiterated a “hold” rating and issued a $22.00 price target on shares of Consolidated Communications Holdings in a research note on Friday, July 28th. Zacks Investment Research lowered shares of Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, ValuEngine upgraded shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Consolidated Communications Holdings currently has an average rating of “Hold” and a consensus price target of $22.00.

Consolidated Communications Holdings (NASDAQ CNSL) opened at $13.39 on Tuesday. Consolidated Communications Holdings has a 52 week low of $13.04 and a 52 week high of $30.23. The company has a market cap of $952.74, a PE ratio of 38.43, a P/E/G ratio of 24.23 and a beta of 0.86. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 4.61.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 15th will be given a dividend of $0.387 per share. The ex-dividend date is Thursday, January 11th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 11.56%. Consolidated Communications Holdings’s payout ratio is presently -287.03%.

In other news, Director Robert J. Currey purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $13.43 per share, with a total value of $67,150.00. Following the acquisition, the director now owns 45,995 shares in the company, valued at approximately $617,712.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wayne Wilson purchased 2,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were purchased at an average cost of $17.75 per share, with a total value of $35,500.00. Following the acquisition, the director now owns 46,211 shares in the company, valued at approximately $820,245.25. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 26,938 shares of company stock worth $420,821. Company insiders own 3.00% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Csenge Advisory Group bought a new stake in shares of Consolidated Communications Holdings during the 3rd quarter worth approximately $257,000. Vanguard Group Inc. lifted its holdings in shares of Consolidated Communications Holdings by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 5,655,583 shares of the utilities provider’s stock worth $121,425,000 after acquiring an additional 48,111 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Consolidated Communications Holdings by 41.9% during the 2nd quarter. Schroder Investment Management Group now owns 33,422 shares of the utilities provider’s stock worth $714,000 after acquiring an additional 9,876 shares during the period. BlackRock Inc. lifted its holdings in shares of Consolidated Communications Holdings by 0.3% during the 2nd quarter. BlackRock Inc. now owns 7,058,156 shares of the utilities provider’s stock worth $151,539,000 after acquiring an additional 17,697 shares during the period. Finally, HighTower Advisors LLC bought a new stake in shares of Consolidated Communications Holdings during the 2nd quarter worth approximately $297,000. 58.00% of the stock is owned by institutional investors.

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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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