Consolidated Communications Holdings Inc (CNSL) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.18. The company posted revenue of $186.90 million in the period, compared to analysts expectations of $193.95 million. The company’s revenue was down -7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Many Wall Street Analysts have commented on Consolidated Communications Holdings Inc. Consolidated Communications Holdings Inc was Downgraded by Drexel Hamilton to ” Hold” on Jun 27, 2016.
Consolidated Communications Holdings Inc closed down -0.83 points or -2.96% at $27.2 with 2,34,972 shares getting traded on Tusday. Post opening the session at $28.04, the shares hit an intraday low of $27.11 and an intraday high of $28.04 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jul 13, 2016, Steven L Childers (Chief Financial Officer) sold 10,000 shares at $28.20 per share price. According to the SEC, on May 16, 2016, Robert J Currey (director) sold 10,000 shares at $25.75 per share price. On Mar 8, 2016, Dale E Parker (director) purchased 1,200 shares at $24.28 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).