Brokerages predict that Windstream Holdings Inc (NASDAQ:WIN) will announce sales of $1.40 billion for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Windstream’s earnings, with estimates ranging from $1.39 billion to $1.42 billion. Windstream reported sales of $1.50 billion in the same quarter last year, which would suggest a negative year over year growth rate of 6.7%. The business is scheduled to issue its next earnings results on Thursday, February 28th.
According to Zacks, analysts expect that Windstream will report full-year sales of $5.73 billion for the current financial year, with estimates ranging from $5.71 billion to $5.74 billion. For the next fiscal year, analysts expect that the company will post sales of $5.52 billion, with estimates ranging from $5.40 billion to $5.62 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Windstream.
Windstream (NASDAQ:WIN) last issued its quarterly earnings data on Thursday, November 8th. The technology company reported ($2.57) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.58) by $0.01. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.43 billion. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($2.75) earnings per share.
Several brokerages recently issued reports on WIN. ValuEngine cut Windstream from a “sell” rating to a “strong sell” rating in a report on Monday, September 24th. Bank of America cut their price target on Windstream from $7.50 to $4.50 and set an “underperform” rating for the company in a report on Monday, August 13th. Zacks Investment Research cut Windstream from a “buy” rating to a “hold” rating in a report on Saturday, October 13th. Cowen reissued a “buy” rating and issued a $8.00 price target on shares of Windstream in a report on Friday, August 10th. Finally, Morgan Stanley cut their price target on Windstream from $10.00 to $5.00 and set an “equal weight” rating for the company in a report on Monday, November 19th. Seven research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Windstream has a consensus rating of “Sell” and a consensus target price of $4.61.
Shares of WIN stock opened at $2.91 on Friday. The firm has a market cap of $124.08 million, a P/E ratio of -0.36 and a beta of 0.05. Windstream has a 1 year low of $2.61 and a 1 year high of $11.20.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in shares of Windstream by 205.8% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 100,900 shares of the technology company’s stock worth $494,000 after acquiring an additional 67,900 shares during the last quarter. Sound Point Capital Management LP acquired a new position in Windstream in the third quarter valued at $221,000. Dynamic Technology Lab Private Ltd acquired a new position in Windstream in the third quarter valued at $343,000. Renaissance Technologies LLC increased its stake in Windstream by 7.0% in the third quarter. Renaissance Technologies LLC now owns 1,778,008 shares of the technology company’s stock valued at $8,712,000 after purchasing an additional 115,640 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Windstream by 8.2% in the third quarter. BlackRock Inc. now owns 3,903,417 shares of the technology company’s stock valued at $19,125,000 after purchasing an additional 295,130 shares during the last quarter. 59.44% of the stock is owned by institutional investors.
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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