Consolidated Communications Holdings Inc (CNSL) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.16. The company posted revenue of $188.80 million in the period, compared to analysts expectations of $189.08 million. The company’s revenue was down -2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.
Many Wall Street Analysts have commented on Consolidated Communications Holdings Inc. DA Davidson Downgraded Consolidated Communications Holdings Inc on Apr 4, 2016 to ” Underperform”, Price Target of the shares are set at $22.
Consolidated Communications Holdings Inc opened for trading at $23.75 and hit $24.02 on the upside on Wednesday, eventually ending the session at $23.85, with a gain of 0.42% or 0.1 points. The heightened volatility saw the trading volume jump to 3,01,567 shares. Company has a market cap of $1,204 M.
In a different news, on Mar 30, 2016, Robert J Currey (director) sold 5,000 shares at $25.00 per share price. According to the SEC, on Mar 8, 2016, Dale E Parker (director) purchased 1,200 shares at $24.28 per share price. On Mar 3, 2016, C Robert Jr Udell (President & CEO) sold 14,000 shares at $23.16 per share price, according to the Form-4 filing with the securities and exchange commission.
Consolidated Communications Holdings Inc. (Consolidated) is a holding company with operating subsidiaries that provide a range of communications services in consumer commercial and carrier channels. The Company offers local calling services; network access services; video data and Internet services; long-distance services and other services. The Companys local calling services include traditional wireline telephone service and other basic services. It offers network access services such as interstate and intrastate switched access and network special access services. The Company offers video data and Internet services to residential and business customers. The Company offers long-distance services such as traditional domestic and international long distance services. Its other services include telephone directory publishing wholesale transport services billing and collection services inside wiring service and maintenance and equipment sales (Business Systems).