Zacks: Brokerages Expect WideOpenWest, Inc. (NYSE:WOW) to Post $0.07 EPS

Equities analysts forecast that WideOpenWest, Inc. (NYSE:WOWGet Rating) will report earnings per share (EPS) of $0.07 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for WideOpenWest’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.10. WideOpenWest reported earnings per share of ($0.27) during the same quarter last year, which would suggest a positive year-over-year growth rate of 125.9%. The company is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that WideOpenWest will report full-year earnings of $0.35 per share for the current year, with EPS estimates ranging from $0.27 to $0.48. For the next year, analysts anticipate that the business will report earnings of $0.68 per share, with EPS estimates ranging from $0.32 to $0.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow WideOpenWest.

WideOpenWest (NYSE:WOWGet Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The company had revenue of $174.60 million during the quarter, compared to the consensus estimate of $172.90 million. WideOpenWest had a net margin of 83.12% and a negative return on equity of 12.36%. The business’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share.

A number of analysts have issued reports on WOW shares. Zacks Investment Research upgraded shares of WideOpenWest from a “sell” rating to a “hold” rating in a report on Friday, May 13th. B. Riley lifted their price target on shares of WideOpenWest from $28.00 to $29.00 in a research note on Friday, February 25th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $24.57.

In other news, General Counsel Donald Craig Martin sold 20,000 shares of the company’s stock in a transaction on Thursday, April 7th. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00. Following the sale, the general counsel now owns 412,208 shares of the company’s stock, valued at $8,244,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Teresa L. Elder sold 15,000 shares of the business’s stock in a transaction on Thursday, April 7th. The stock was sold at an average price of $20.00, for a total transaction of $300,000.00. Following the transaction, the chief executive officer now owns 1,421,066 shares of the company’s stock, valued at approximately $28,421,320. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,385 shares of company stock valued at $1,252,768. 4.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NEXT Financial Group Inc acquired a new position in WideOpenWest in the fourth quarter valued at $25,000. Point72 Hong Kong Ltd purchased a new stake in shares of WideOpenWest in the fourth quarter valued at about $37,000. Exchange Traded Concepts LLC purchased a new stake in shares of WideOpenWest in the fourth quarter valued at about $52,000. First Mercantile Trust Co. purchased a new stake in shares of WideOpenWest in the third quarter valued at about $56,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of WideOpenWest in the fourth quarter valued at about $58,000. Institutional investors own 85.61% of the company’s stock.

NYSE WOW traded down $0.20 on Monday, reaching $21.75. The company had a trading volume of 480,777 shares, compared to its average volume of 514,940. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $1.91 billion, a PE ratio of 2.36 and a beta of 1.77. The firm’s 50 day moving average price is $19.75 and its 200 day moving average price is $19.46. WideOpenWest has a 12 month low of $15.59 and a 12 month high of $23.92.

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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