Analysts expect WideOpenWest, Inc. (NYSE:WOW – Get Rating) to report $173.78 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for WideOpenWest’s earnings, with the lowest sales estimate coming in at $172.70 million and the highest estimate coming in at $174.80 million. WideOpenWest reported sales of $286.30 million during the same quarter last year, which indicates a negative year over year growth rate of 39.3%. The firm is scheduled to announce its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that WideOpenWest will report full-year sales of $709.40 million for the current fiscal year, with estimates ranging from $707.70 million to $711.00 million. For the next financial year, analysts anticipate that the firm will report sales of $723.53 million, with estimates ranging from $719.90 million to $726.80 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover WideOpenWest.
WideOpenWest (NYSE:WOW – Get Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.13). The company had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $183.41 million. WideOpenWest had a net margin of 74.52% and a negative return on equity of 27.83%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 earnings per share.
Shares of WideOpenWest stock opened at $21.81 on Thursday. The firm has a market capitalization of $1.92 billion, a PE ratio of 2.35 and a beta of 2.02. WideOpenWest has a twelve month low of $12.34 and a twelve month high of $23.92. The firm’s 50-day moving average price is $18.28 and its 200 day moving average price is $19.30. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.27.
In other news, insider David Brunick sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 7th. The shares were sold at an average price of $20.00, for a total transaction of $40,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Teresa L. Elder sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 7th. The stock was sold at an average price of $20.00, for a total transaction of $300,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 37,000 shares of company stock valued at $740,000 in the last 90 days. Insiders own 4.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. NEXT Financial Group Inc purchased a new position in shares of WideOpenWest during the 4th quarter worth approximately $25,000. Point72 Hong Kong Ltd purchased a new position in shares of WideOpenWest during the 4th quarter worth approximately $37,000. Exchange Traded Concepts LLC purchased a new position in shares of WideOpenWest during the 4th quarter worth approximately $52,000. Lazard Asset Management LLC purchased a new position in shares of WideOpenWest during the 4th quarter worth approximately $58,000. Finally, First Mercantile Trust Co. purchased a new position in shares of WideOpenWest during the 3rd quarter worth approximately $56,000. Institutional investors and hedge funds own 83.55% of the company’s stock.
About WideOpenWest (Get Rating)
WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. Its video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; WOW tv+ that offers traditional cable video and cloud DVR functionality, voice remote with Google Assistant, and Netflix integration along with access to various streaming services and apps through the Google Play Store; and ultra-video products, as well as offers commercial-free movies, TV shows, sports, and other special event entertainment programs.
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