Analysts expect WideOpenWest Inc (NYSE:WOW) to announce sales of $292.78 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for WideOpenWest’s earnings. The lowest sales estimate is $290.30 million and the highest is $296.50 million. WideOpenWest reported sales of $292.80 million during the same quarter last year, which indicates a negative year over year growth rate of 0%. The company is scheduled to report its next earnings report on Wednesday, March 13th.
According to Zacks, analysts expect that WideOpenWest will report full-year sales of $1.16 billion for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post sales of $1.18 billion, with estimates ranging from $1.17 billion to $1.20 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow WideOpenWest.
WideOpenWest (NYSE:WOW) last issued its earnings results on Thursday, November 8th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.14. The company had revenue of $291.60 million for the quarter, compared to the consensus estimate of $292.65 million. WideOpenWest had a negative return on equity of 13.94% and a negative net margin of 5.41%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS.
A number of research firms recently commented on WOW. ValuEngine downgraded WideOpenWest from a “hold” rating to a “sell” rating in a report on Saturday, December 1st. B. Riley set a $16.00 price objective on WideOpenWest and gave the stock a “buy” rating in a report on Wednesday, November 28th. Credit Suisse Group increased their price objective on WideOpenWest from $10.50 to $11.50 and gave the stock a “neutral” rating in a report on Friday, August 10th. Zacks Investment Research upgraded WideOpenWest from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Wednesday, August 15th. Finally, Raymond James restated a “buy” rating and issued a $14.00 price objective on shares of WideOpenWest in a report on Monday, August 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. WideOpenWest has an average rating of “Hold” and an average price target of $14.21.
Shares of WOW opened at $8.82 on Thursday. WideOpenWest has a fifty-two week low of $6.03 and a fifty-two week high of $12.91. The stock has a market capitalization of $772.37 million, a PE ratio of 12.78 and a beta of 1.71.
Large investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY acquired a new position in WideOpenWest in the second quarter worth approximately $105,000. Voya Investment Management LLC acquired a new position in WideOpenWest in the second quarter worth approximately $106,000. Jane Street Group LLC bought a new stake in WideOpenWest during the third quarter worth approximately $127,000. MetLife Investment Advisors LLC bought a new stake in WideOpenWest during the second quarter worth approximately $149,000. Finally, Trexquant Investment LP bought a new stake in WideOpenWest during the second quarter worth approximately $153,000. Hedge funds and other institutional investors own 59.89% of the company’s stock.
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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