Communications Sales & Leasing Inc (CSAL) reported quarterly earnings results on Thursday, Aug-11-2016. The company reported $0.63 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.65. The company posted revenue of $188.57 million in the period, compared to analysts expectations of $188.53 million. The company’s revenue was up 46.5% compared to the same quarter last year.
Many Wall Street Analysts have commented on Communications Sales & Leasing Inc. Communications Sales & Leasing Inc was Resumed by Citigroup to “Buy” on Jul 5, 2016.
Communications Sales & Leasing Inc closed down -0.34 points or -1.11% at $30.34 with 8,18,276 shares getting traded on Monday. Post opening the session at $30.68, the shares hit an intraday low of $30.17 and an intraday high of $30.82 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Communications Sales & Leasing Inc. (CS&L) is engaged in the ownership acquisition and leasing of communication distribution systems. The Company holds the fiber and copper networks and other real estate (the Distribution Systems) and a small consumer competitive local exchange carrier (CLEC) business (the Consumer CLEC Business). The Company’s leasing activities consists of leasing back to Windstream Holdings Inc. the Distribution Systems through a triple-net master lease agreement (the Master Lease). The Company also expands its portfolio by acquiring other real property assets within or outside of the communications infrastructure industry for lease to third-parties.