WideOpenWest, Inc. (NYSE:WOW) – Investment analysts at SunTrust Banks cut their FY2017 earnings estimates for shares of WideOpenWest in a research report issued on Tuesday, according to Zacks Investment Research. SunTrust Banks analyst G. Miller now forecasts that the company will post earnings per share of $0.75 for the year, down from their previous forecast of $1.06. SunTrust Banks has a “Buy” rating and a $18.00 price target on the stock. SunTrust Banks also issued estimates for WideOpenWest’s Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $1.35 EPS.
WideOpenWest (NYSE:WOW) last issued its quarterly earnings data on Monday, November 13th. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.17. The company had revenue of $297.80 million during the quarter, compared to the consensus estimate of $302.00 million. WideOpenWest’s revenue was down 4.3% compared to the same quarter last year.
A number of other equities analysts have also commented on WOW. Royal Bank Of Canada reaffirmed a “buy” rating and set a $20.00 price target on shares of WideOpenWest in a research report on Monday, September 18th. Zacks Investment Research lowered shares of WideOpenWest from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, UBS lowered their price target on shares of WideOpenWest from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, November 14th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $18.25.
WideOpenWest (NYSE:WOW) traded down $0.04 during trading hours on Friday, reaching $9.88. 200,611 shares of the company were exchanged, compared to its average volume of 315,083. WideOpenWest has a 1-year low of $9.43 and a 1-year high of $18.83. The company has a debt-to-equity ratio of -8.37, a quick ratio of 0.73 and a current ratio of 0.73.
A number of institutional investors have recently made changes to their positions in the business. Neuberger Berman Group LLC grew its stake in WideOpenWest by 0.9% during the third quarter. Neuberger Berman Group LLC now owns 565,000 shares of the company’s stock worth $8,520,000 after buying an additional 5,000 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in WideOpenWest during the second quarter worth about $113,000. SG Americas Securities LLC acquired a new stake in WideOpenWest during the third quarter worth about $109,000. New Jersey Better Educational Savings Trust grew its stake in WideOpenWest by 80.0% during the third quarter. New Jersey Better Educational Savings Trust now owns 18,000 shares of the company’s stock worth $271,000 after buying an additional 8,000 shares in the last quarter. Finally, Supplemental Annuity Collective Trust of NJ grew its stake in WideOpenWest by 56.3% during the third quarter. Supplemental Annuity Collective Trust of NJ now owns 25,000 shares of the company’s stock worth $377,000 after buying an additional 9,000 shares in the last quarter. Hedge funds and other institutional investors own 53.79% of the company’s stock.
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WideOpenWest, Inc is a cable operator in the United States. The Company provides high-speed data (HSD), cable television (Video), digital telephony (Telephony) and business-class services. The Company’s products are available either as a bundle or as an individual service to residential and business services customers.
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