Windstream Holdings Inc (NYSE:WIN) – Investment analysts at Jefferies Group lowered their Q3 2017 earnings per share (EPS) estimates for shares of Windstream Holdings in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. Jefferies Group analyst S. Goldman now anticipates that the company will post earnings per share of ($0.39) for the quarter, down from their previous estimate of ($0.36). Jefferies Group currently has a “Hold” rating and a $2.50 price target on the stock. Jefferies Group also issued estimates for Windstream Holdings’ Q4 2017 earnings at ($0.33) EPS, FY2017 earnings at ($1.83) EPS and FY2018 earnings at ($1.37) EPS.
A number of other equities research analysts also recently weighed in on the stock. Citigroup Inc. dropped their price target on shares of Windstream Holdings from $2.75 to $2.25 and set a “neutral” rating for the company in a research report on Friday. BidaskClub downgraded shares of Windstream Holdings from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Cowen and Company reiterated a “buy” rating on shares of Windstream Holdings in a research report on Thursday, October 19th. Zacks Investment Research downgraded shares of Windstream Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Finally, Morgan Stanley restated an “equal weight” rating and set a $2.40 price objective (down from $5.00) on shares of Windstream Holdings in a research report on Wednesday, August 23rd. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $3.42.
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Shares of Windstream Holdings (NYSE:WIN) traded up $0.14 during trading hours on Friday, hitting $2.14. The stock had a trading volume of 6,366,377 shares.
Windstream Holdings (NYSE:WIN) last issued its quarterly earnings data on Thursday, November 9th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.15). The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the company posted ($0.72) EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis.
Windstream Holdings declared that its board has initiated a share buyback program on Thursday, August 3rd that authorizes the company to buyback $90.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 19.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other Windstream Holdings news, Director Anthony W. Thomas acquired 25,381 shares of Windstream Holdings stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average price of $1.97 per share, with a total value of $50,000.57. Following the completion of the purchase, the director now directly owns 637,006 shares in the company, valued at approximately $1,254,901.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN boosted its position in Windstream Holdings by 18.3% during the third quarter. Wells Fargo & Company MN now owns 263,124 shares of the company’s stock valued at $466,000 after acquiring an additional 40,712 shares during the last quarter. Evanston Investments Inc. dba Evanston Advisors boosted its position in shares of Windstream Holdings by 66.2% during the 3rd quarter. Evanston Investments Inc. dba Evanston Advisors now owns 910,229 shares of the company’s stock worth $1,611,000 after purchasing an additional 362,648 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Windstream Holdings by 41.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,247,516 shares of the company’s stock worth $5,911,000 after purchasing an additional 954,540 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Windstream Holdings by 96.7% during the 3rd quarter. Legal & General Group Plc now owns 694,734 shares of the company’s stock worth $1,231,000 after purchasing an additional 341,558 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Windstream Holdings by 29.0% during the 3rd quarter. Rhumbline Advisers now owns 318,481 shares of the company’s stock worth $564,000 after purchasing an additional 71,507 shares in the last quarter.
About Windstream Holdings
Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its ILEC Consumer and Small Business segment offers consumer services, including high-speed Internet access; Internet security services; online backup services; basic local telephone services and long-distance services, as well as call waiting, caller identification, call forwarding, and other services; and video services, as well as owns and operates cable television franchises, and sells and leases equipment to support its consumer high-speed Internet and voice services.
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