The 52-week price range is $17.58-$26.09 and the company has a market capitalization of $1.26 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 3 has assigned a hold rating, 0 says it’s a buy, and 2 have assigned a strong buy rating to the company.
Consolidated Communications Holdings Inc (CNSL) on February 25, 2016 reported results for the fourth quarter 2015.
Fourth quarter financial summary:
- Revenue was $188.2 million.
- Net cash from operations was $51.5 million.
- Adjusted EBITDA was $79.4 million.
- Dividend payout ratio was 72.2%.
“The fourth quarter concluded another solid year for the Company with strong growth in our commercial and carrier revenues led by metro Ethernet and new fiber to the tower sites,” said Bob Udell, President and Chief Executive Officer. “The successful execution of our strategy is evident by the continued expansion of our fiber network, growth in our business and broadband services, and consistent cash flows supporting our dividend to shareholders.”
Pro Forma Financial Results for the Fourth Quarter
We have presented various adjusted pro forma information below and in the tables at the end of the release. This information is presented as if the acquisition of Enventis had occurred on January 1, 2014 in order to provide a better view of the period over period performance for the combined business.
- Total revenues were $188.2 million, compared to $192.6 million for the same period last year. Excluding revenue from our equipment sales and service and revenue associated with the sale of the Enventis third party billing platform, revenues were $178.1 million, compared to $180.6 million for the fourth quarter of 2014. Strong growth in strategic sales channels were more than offset by declines in voice services, subsidies and network access revenues.
- Income from operations was $19.7 million, compared to $25.9 million in the fourth quarter of 2014. The decrease in the quarter was primarily due to the decline in revenue and $1.8 million in higher depreciation and amortization costs from our increased growth investments.
- Interest expense, net improved by $3.0 million to $19.3 million from $22.3 million for the same period last year. The improvement is primarily due to the use of proceeds from the add-on we completed in June of 2015 to our 6.5% senior notes due 2022. We used certain of the proceeds to redeem the entire remaining portion of our then-outstanding 10 7/8% senior notes.
- Other income, net was $9.4 million, compared to $8.4 million for the same period in 2014 driven primarily from higher equity earnings in our wireless partnerships with Verizon.
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