Equities analysts expect that WideOpenWest Inc (NYSE:WOW) will post $292.18 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for WideOpenWest’s earnings. The highest sales estimate is $293.00 million and the lowest is $291.50 million. WideOpenWest reported sales of $297.80 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.9%. The firm is scheduled to issue its next earnings report on Monday, November 12th.
On average, analysts expect that WideOpenWest will report full-year sales of $1.16 billion for the current financial year. For the next fiscal year, analysts expect that the firm will report sales of $1.18 billion, with estimates ranging from $1.17 billion to $1.20 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for WideOpenWest.
WideOpenWest (NYSE:WOW) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.12. The firm had revenue of $291.30 million during the quarter, compared to analyst estimates of $290.44 million. WideOpenWest had a negative return on equity of 5.46% and a negative net margin of 8.17%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS.
Several research firms have recently commented on WOW. Zacks Investment Research lowered WideOpenWest from a “buy” rating to a “hold” rating in a research report on Saturday, October 13th. ValuEngine raised WideOpenWest from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. UBS Group boosted their price target on WideOpenWest from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 2nd. B. Riley set a $14.00 target price on WideOpenWest and gave the stock a “buy” rating in a research note on Wednesday, August 29th. Finally, Raymond James restated a “buy” rating and set a $14.00 target price on shares of WideOpenWest in a research note on Monday, August 20th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $13.93.
WOW opened at $10.86 on Friday. The firm has a market capitalization of $926.57 million, a PE ratio of 15.74 and a beta of 2.02. The company has a debt-to-equity ratio of -5.29, a current ratio of 0.54 and a quick ratio of 0.54. WideOpenWest has a 12 month low of $6.03 and a 12 month high of $14.54.
In other WideOpenWest news, Director Crestview Partners Iii Gp, L.P bought 165,000 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The shares were purchased at an average cost of $10.34 per share, for a total transaction of $1,706,100.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have purchased 583,600 shares of company stock worth $6,209,022. 2.40% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in WOW. Metropolitan Life Insurance Co. NY purchased a new stake in WideOpenWest during the 2nd quarter valued at about $105,000. Voya Investment Management LLC purchased a new stake in WideOpenWest during the 2nd quarter valued at about $106,000. California Public Employees Retirement System purchased a new stake in WideOpenWest during the 1st quarter valued at about $105,000. MetLife Investment Advisors LLC purchased a new stake in WideOpenWest during the 2nd quarter valued at about $149,000. Finally, Trexquant Investment LP purchased a new stake in WideOpenWest during the 2nd quarter valued at about $153,000. Hedge funds and other institutional investors own 61.76% of the company’s stock.
WideOpenWest Company Profile
WideOpenWest, Inc operates as a cable operator in the United States. It provides high-speed data, cable television, voice over IP-based telephony, and business-class services to residential and business services customers. Its video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; and ultra video products, as well as provides commercial-free movies, sports, and other special event entertainment programs.
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