Equities Analysts Issue Forecasts for Lumos Networks Corp.’s Q3 2017 Earnings (LMOS)

Lumos Networks Corp. (NASDAQ:LMOS) – Stock analysts at Jefferies Group raised their Q3 2017 EPS estimates for shares of Lumos Networks Corp. in a research report issued to clients and investors on Tuesday. Jefferies Group analyst S. Goldman now expects that the utilities provider will post earnings per share of $0.04 for the quarter, up from their previous forecast of $0.01. Jefferies Group also issued estimates for Lumos Networks Corp.’s Q4 2017 earnings at $0.04 EPS, FY2017 earnings at ($0.14) EPS and FY2018 earnings at $0.21 EPS.

Lumos Networks Corp. (NASDAQ:LMOS) last released its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Lumos Networks Corp. had a negative net margin of 1.70% and a negative return on equity of 2.79%. The business had revenue of $56.37 million during the quarter, compared to analyst estimates of $55.33 million. COPYRIGHT VIOLATION NOTICE: “Equities Analysts Issue Forecasts for Lumos Networks Corp.’s Q3 2017 Earnings (LMOS)” was originally reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://transcriptdaily.com/2017/08/13/equities-analysts-issue-forecasts-for-lumos-networks-corp-s-q3-2017-earnings-lmos.html.

A number of other equities research analysts have also issued reports on LMOS. Zacks Investment Research lowered shares of Lumos Networks Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. BidaskClub lowered shares of Lumos Networks Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.25.

Lumos Networks Corp. (NASDAQ LMOS) opened at 17.88 on Friday. The company’s market cap is $428.12 million. Lumos Networks Corp. has a 52-week low of $13.01 and a 52-week high of $17.99. The firm’s 50-day moving average is $17.89 and its 200 day moving average is $17.50.

Several large investors have recently added to or reduced their stakes in LMOS. State Street Corp raised its stake in Lumos Networks Corp. by 8.4% in the fourth quarter. State Street Corp now owns 434,209 shares of the utilities provider’s stock worth $6,785,000 after buying an additional 33,740 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Lumos Networks Corp. by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,182,237 shares of the utilities provider’s stock worth $18,467,000 after buying an additional 64,402 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Lumos Networks Corp. by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,680 shares of the utilities provider’s stock worth $198,000 after buying an additional 700 shares during the last quarter. Teachers Advisors LLC raised its stake in Lumos Networks Corp. by 2.0% in the fourth quarter. Teachers Advisors LLC now owns 35,267 shares of the utilities provider’s stock worth $551,000 after buying an additional 684 shares during the last quarter. Finally, DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in Lumos Networks Corp. during the first quarter worth about $2,593,000. 84.04% of the stock is owned by institutional investors and hedge funds.

About Lumos Networks Corp.

Lumos Networks Corp. is a fiber-based bandwidth infrastructure and service provider in the Mid-Atlantic region with a network of long-haul fiber, metro Ethernet and Ethernet rings located primarily in Virginia and West Virginia, and portions of Maryland, Pennsylvania, Ohio and Kentucky. The Company serves carrier, business and residential customers over its fiber network offering data, voice and Internet protocol (IP) services.

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