Research analysts at Cowen and Company assumed coverage on shares of EarthLink Holdings Corp. (NASDAQ:ELNK) in a research report issued on Monday, The Fly reports. The firm set an “outperform” rating on the stock.
Several other equities analysts also recently issued reports on the stock. Barclays PLC upped their price objective on shares of EarthLink Holdings Corp. to $18.00 and gave the company a “neutral” rating in a report on Thursday, August 18th. Zacks Investment Research lowered EarthLink Holdings Corp. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 11th. Finally, B. Riley began coverage on EarthLink Holdings Corp. in a research report on Sunday, August 14th. They issued a “buy” rating and a $10.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.44.
Shares of EarthLink Holdings Corp. (NASDAQ:ELNK) opened at 5.98 on Monday. The company’s market cap is $630.85 million. EarthLink Holdings Corp. has a 1-year low of $4.97 and a 1-year high of $9.86. The firm’s 50-day moving average is $6.25 and its 200-day moving average is $6.28.
EarthLink Holdings Corp. (NASDAQ:ELNK) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01. EarthLink Holdings Corp. had a negative net margin of 1.06% and a negative return on equity of 43.21%. The firm had revenue of $240.40 million for the quarter, compared to the consensus estimate of $246.40 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was down 15.3% compared to the same quarter last year. On average, equities analysts forecast that EarthLink Holdings Corp. will post $0.08 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 20th were given a $0.05 dividend. The ex-dividend date was Friday, September 16th. This represents a $0.20 annualized dividend and a yield of 3.34%. EarthLink Holdings Corp.’s dividend payout ratio is presently -181.82%.
In other EarthLink Holdings Corp. news, EVP Rick C. Froehlich sold 31,499 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $6.33, for a total value of $199,388.67. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.70% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in ELNK. Commonwealth Equity Services Inc raised its stake in EarthLink Holdings Corp. by 6.5% in the second quarter. Commonwealth Equity Services Inc now owns 16,460 shares of the company’s stock valued at $105,000 after buying an additional 1,001 shares in the last quarter. BlackRock Japan Co. Ltd raised its stake in EarthLink Holdings Corp. by 2,608.3% in the second quarter. BlackRock Japan Co. Ltd now owns 17,550 shares of the company’s stock valued at $112,000 after buying an additional 16,902 shares in the last quarter. Clinton Group Inc. bought a new stake in EarthLink Holdings Corp. during the second quarter valued at approximately $114,000. Suntrust Banks Inc. raised its stake in EarthLink Holdings Corp. by 15.3% in the second quarter. Suntrust Banks Inc. now owns 18,343 shares of the company’s stock valued at $116,000 after buying an additional 2,428 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in EarthLink Holdings Corp. during the second quarter valued at approximately $125,000. Institutional investors and hedge funds own 89.02% of the company’s stock.
About EarthLink Holdings Corp.
EarthLink, Inc (EarthLink), is a network, communications and information technology (IT) services provider to business and residential customers in the United States. The Company operates in two segments: Business Services and Consumer Services. EarthLink’s Business Services segment provides a range of data, voice, managed IT and equipment services to business customers.
Receive News & Ratings for EarthLink Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EarthLink Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.