Wall Street brokerages forecast that WideOpenWest Inc (NYSE:WOW) will post sales of $284.23 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for WideOpenWest’s earnings, with the highest sales estimate coming in at $285.40 million and the lowest estimate coming in at $283.00 million. WideOpenWest posted sales of $285.40 million in the same quarter last year, which suggests a negative year-over-year growth rate of 0.4%. The business is scheduled to issue its next quarterly earnings results on Thursday, March 5th.
According to Zacks, analysts expect that WideOpenWest will report full year sales of $1.15 billion for the current year. For the next year, analysts anticipate that the company will post sales of $1.16 billion, with estimates ranging from $1.15 billion to $1.17 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover WideOpenWest.
WideOpenWest (NYSE:WOW) last released its earnings results on Friday, November 1st. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $285.40 million during the quarter, compared to analyst estimates of $288.71 million. WideOpenWest had a net margin of 3.91% and a negative return on equity of 21.20%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 EPS.
A number of research analysts have issued reports on WOW shares. ValuEngine raised shares of WideOpenWest from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Raymond James lowered WideOpenWest from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $11.00 to $8.00 in a research note on Monday, November 4th. Finally, Zacks Investment Research restated a “sell” rating on shares of WideOpenWest in a research note on Saturday, January 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $8.88.
In other WideOpenWest news, CEO Teresa L. Elder purchased 12,672 shares of WideOpenWest stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average cost of $5.92 per share, with a total value of $75,018.24. Following the acquisition, the chief executive officer now directly owns 1,054,188 shares of the company’s stock, valued at $6,240,792.96. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 3.00% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of WOW. Crestview Partners III GP L.P. grew its position in WideOpenWest by 0.3% during the third quarter. Crestview Partners III GP L.P. now owns 30,504,016 shares of the company’s stock valued at $187,905,000 after acquiring an additional 93,058 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in shares of WideOpenWest by 4,675.2% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 9,374,516 shares of the company’s stock worth $57,747,000 after purchasing an additional 9,178,198 shares during the last quarter. Vanguard Group Inc. grew its stake in WideOpenWest by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,306,732 shares of the company’s stock valued at $16,747,000 after buying an additional 27,175 shares during the last quarter. Millennium Management LLC grew its position in shares of WideOpenWest by 422.8% during the 3rd quarter. Millennium Management LLC now owns 914,831 shares of the company’s stock worth $5,635,000 after purchasing an additional 739,831 shares in the last quarter. Finally, Ingalls & Snyder LLC grew its position in shares of WideOpenWest by 18.3% during the 4th quarter. Ingalls & Snyder LLC now owns 479,811 shares of the company’s stock worth $3,560,000 after purchasing an additional 74,341 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.
WideOpenWest stock traded up $0.07 during mid-day trading on Wednesday, hitting $6.67. 296,306 shares of the company traded hands, compared to its average volume of 294,934. WideOpenWest has a one year low of $4.98 and a one year high of $9.87. The stock has a market cap of $556.25 million, a price-to-earnings ratio of 11.91 and a beta of 1.62. The stock has a fifty day moving average price of $6.81 and a 200-day moving average price of $6.45.
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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