$0.22 Earnings Per Share Expected for WideOpenWest Inc (NYSE:WOW) This Quarter

Brokerages expect that WideOpenWest Inc (NYSE:WOW) will report earnings per share (EPS) of $0.22 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for WideOpenWest’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.37. WideOpenWest reported earnings per share of $0.39 in the same quarter last year, which would suggest a negative year-over-year growth rate of 43.6%. The business is expected to report its next quarterly earnings results on Thursday, August 8th.

According to Zacks, analysts expect that WideOpenWest will report full year earnings of $0.80 per share for the current fiscal year, with EPS estimates ranging from $0.58 to $0.99. For the next year, analysts anticipate that the business will post earnings of $0.93 per share, with EPS estimates ranging from $0.76 to $1.04. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for WideOpenWest.

WideOpenWest (NYSE:WOW) last issued its earnings results on Tuesday, May 7th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.09). The business had revenue of $287.20 million for the quarter, compared to the consensus estimate of $287.92 million. WideOpenWest had a net margin of 6.94% and a negative return on equity of 26.71%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 EPS.

Several analysts have commented on WOW shares. Zacks Investment Research upgraded shares of WideOpenWest from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a research report on Saturday, May 11th. Stephens started coverage on shares of WideOpenWest in a research report on Wednesday. They set an “equal weight” rating and a $10.00 target price for the company. Macquarie started coverage on shares of WideOpenWest in a research report on Wednesday, June 19th. They set a “hold” rating and a $9.00 target price for the company. ValuEngine upgraded shares of WideOpenWest from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Finally, Credit Suisse Group dropped their target price on shares of WideOpenWest from $11.50 to $9.50 and set a “neutral” rating for the company in a research report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. WideOpenWest presently has a consensus rating of “Hold” and a consensus target price of $11.39.

Shares of WideOpenWest stock opened at $7.26 on Friday. The company’s fifty day simple moving average is $7.60. The company has a market cap of $612.77 million, a PE ratio of 6.31 and a beta of 1.53. WideOpenWest has a 52 week low of $6.40 and a 52 week high of $12.91.

In other news, Director Crestview Partners Iii Gp, L.P purchased 299,308 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was bought at an average price of $9.41 per share, with a total value of $2,816,488.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders bought a total of 721,765 shares of company stock valued at $6,825,210 in the last three months. 3.00% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. acquired a new position in shares of WideOpenWest in the 4th quarter valued at $25,000. BNP Paribas Arbitrage SA boosted its stake in WideOpenWest by 115.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,965 shares of the company’s stock worth $63,000 after purchasing an additional 3,738 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in WideOpenWest by 356.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,865 shares of the company’s stock worth $77,000 after purchasing an additional 8,486 shares during the period. Venturi Wealth Management LLC acquired a new position in WideOpenWest in the 4th quarter worth $80,000. Finally, Paloma Partners Management Co acquired a new position in WideOpenWest in the 4th quarter worth $95,000. 59.24% of the stock is owned by institutional investors.

About WideOpenWest

WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. 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 offers commercial-free movies, sports, and other special event entertainment programs.

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Earnings History and Estimates for WideOpenWest (NYSE:WOW)

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