Wall Street analysts expect Windstream Holdings (NASDAQ:WIN) to post $1.46 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Windstream’s earnings. The highest sales estimate is $1.47 billion and the lowest is $1.46 billion. Windstream reported sales of $1.37 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.6%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, May 3rd.
According to Zacks, analysts expect that Windstream will report full year sales of $5.75 billion for the current financial year, with estimates ranging from $5.71 billion to $5.77 billion. For the next financial year, analysts anticipate that the firm will post sales of $5.55 billion per share, with estimates ranging from $5.42 billion to $5.62 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Windstream.
Windstream (NASDAQ:WIN) last posted its earnings results on Thursday, February 22nd. The technology company reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.42. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. Windstream had a negative return on equity of 191.89% and a negative net margin of 36.16%. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.83) earnings per share.
A number of brokerages recently commented on WIN. Zacks Investment Research raised Windstream from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. Morgan Stanley decreased their price target on Windstream from $2.40 to $2.00 and set an “equal weight” rating for the company in a research report on Monday, March 19th. Guggenheim began coverage on Windstream in a research report on Tuesday, March 13th. They set a “sell” rating and a $1.35 price target for the company. ValuEngine downgraded Windstream from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 7th. Finally, BidaskClub downgraded Windstream from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 23rd. Five analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $1.96.
In other Windstream news, Director Michael G. Stoltz purchased 29,734 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average cost of $1.58 per share, with a total value of $46,979.72. Following the completion of the transaction, the director now owns 97,453 shares of the company’s stock, valued at approximately $153,975.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.95% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Teton Advisors Inc. increased its position in Windstream by 20.9% in the fourth quarter. Teton Advisors Inc. now owns 577,914 shares of the technology company’s stock worth $1,069,000 after buying an additional 100,000 shares during the last quarter. Magnetar Financial LLC increased its position in Windstream by 192.6% in the third quarter. Magnetar Financial LLC now owns 177,379 shares of the technology company’s stock worth $314,000 after buying an additional 116,767 shares during the last quarter. Bank of Montreal Can increased its position in Windstream by 2,071.1% in the fourth quarter. Bank of Montreal Can now owns 106,928 shares of the technology company’s stock worth $197,000 after buying an additional 102,003 shares during the last quarter. Aperio Group LLC increased its position in Windstream by 126.9% in the fourth quarter. Aperio Group LLC now owns 155,688 shares of the technology company’s stock worth $288,000 after buying an additional 87,066 shares during the last quarter. Finally, Royce & Associates LP increased its position in Windstream by 17.7% in the fourth quarter. Royce & Associates LP now owns 2,762,415 shares of the technology company’s stock worth $5,110,000 after buying an additional 415,663 shares during the last quarter. 55.18% of the stock is owned by institutional investors and hedge funds.
Shares of WIN opened at $1.60 on Friday. The company has a debt-to-equity ratio of -7.94, a current ratio of 0.60 and a quick ratio of 0.54. The company has a market cap of $319.24, a P/E ratio of -0.98 and a beta of 0.17. Windstream has a 12 month low of $1.28 and a 12 month high of $5.76.
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Windstream Company Profile
Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its Consumer & Small Business segment offers services, including traditional local and long-distance voice services, and high-speed Internet services; and value-added services, such as security and online back-up.
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