Consolidated Communications (NASDAQ:CNSL) Issues Earnings Results, Beats Expectations By $0.11 EPS

Consolidated Communications (NASDAQ:CNSL) announced its quarterly earnings data on Thursday. The utilities provider reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.11, MarketWatch Earnings reports. The firm had revenue of $325.18 million during the quarter. Consolidated Communications had a net margin of 1.80% and a return on equity of 8.68%.

Shares of CNSL traded down $0.11 during mid-day trading on Friday, reaching $7.30. 869,037 shares of the company’s stock were exchanged, compared to its average volume of 427,236. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 5.91. The company has a 50-day simple moving average of $6.28 and a two-hundred day simple moving average of $5.65. Consolidated Communications has a 52-week low of $3.24 and a 52-week high of $7.51. The company has a market cap of $533.19 million, a price-to-earnings ratio of 22.12 and a beta of 1.21.

A number of brokerages recently commented on CNSL. BidaskClub downgraded shares of Consolidated Communications from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 11th. TheStreet raised shares of Consolidated Communications from a “d+” rating to a “c” rating in a report on Thursday, May 21st.

About Consolidated Communications

Consolidated Communications Holdings, Inc, through its subsidiaries, provides telecommunications services to business and residential customers in the United States. It offers high-speed broadband Internet access and voice over Internet protocol (VoIP) phone services to small, medium, and large business customers; commercial data connectivity services in select markets, including a portfolio of Ethernet services, software defined wide area network, multi-protocol label switching, and private line services; and wholesale services to regional and national interexchange and wireless carriers, including cellular backhaul, dark fiber, and other fiber transport solutions.

See Also: What is Call Option Volume?

Earnings History for Consolidated Communications (NASDAQ:CNSL)

Receive News & Ratings for Consolidated Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated Communications and related companies with MarketBeat.com's FREE daily email newsletter.