Windstream (NASDAQ:WIN) issued its quarterly earnings results on Thursday. The technology company reported ($2.57) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.58) by $0.01, Morningstar.com reports. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.43 billion. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.75) earnings per share.
Shares of WIN opened at $5.02 on Friday. The firm has a market capitalization of $195.80 million, a P/E ratio of -0.62 and a beta of 0.09. Windstream has a 52-week low of $3.03 and a 52-week high of $13.65.
Hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC purchased a new stake in Windstream in the second quarter worth $131,000. MYDA Advisors LLC purchased a new stake in Windstream in the second quarter worth $132,000. Acadian Asset Management LLC purchased a new stake in Windstream in the second quarter worth $173,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Windstream in the second quarter worth $174,000. Finally, Raymond James & Associates increased its stake in Windstream by 31.2% in the second quarter. Raymond James & Associates now owns 44,557 shares of the technology company’s stock worth $235,000 after purchasing an additional 10,607 shares during the period. Institutional investors and hedge funds own 60.36% of the company’s stock.
WIN has been the subject of a number of analyst reports. Zacks Investment Research downgraded Windstream from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Bank of America lowered their price target on Windstream from $7.50 to $4.50 and set an “underperform” rating for the company in a research report on Monday, August 13th. ValuEngine upgraded Windstream from a “sell” rating to a “hold” rating in a research report on Thursday, August 30th. Cowen restated a “buy” rating and issued a $8.00 price target on shares of Windstream in a research report on Friday, August 10th. Finally, Citigroup downgraded Windstream from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a research report on Wednesday, July 18th. Seven analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Windstream currently has a consensus rating of “Hold” and an average target price of $4.98.
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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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