Zacks: Analysts Anticipate WideOpenWest Inc (WOW) Will Announce Earnings of $0.22 Per Share

Wall Street brokerages expect WideOpenWest Inc (NYSE:WOW) to announce earnings of $0.22 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for WideOpenWest’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.24. WideOpenWest reported earnings per share of ($0.02) during the same quarter last year, which indicates a positive year over year growth rate of 1,200%. The company is expected to announce its next earnings results on Monday, November 12th.

According to Zacks, analysts expect that WideOpenWest will report full year earnings of $1.00 per share for the current fiscal year. For the next year, analysts anticipate that the business will report earnings of $1.01 per share, with EPS estimates ranging from $0.92 to $1.09. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover WideOpenWest.

WideOpenWest (NYSE:WOW) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.12. WideOpenWest had a negative return on equity of 5.46% and a negative net margin of 8.17%. The company had revenue of $291.30 million for the quarter, compared to analyst estimates of $290.44 million. During the same quarter in the prior year, the company posted $0.15 EPS. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year.



Several brokerages recently weighed in on WOW. Zacks Investment Research raised WideOpenWest from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Wednesday, August 15th. B. Riley began coverage on WideOpenWest in a research report on Friday, June 22nd. They issued a “buy” rating and a $14.00 target price on the stock. Raymond James reaffirmed a “buy” rating and issued a $14.00 target price on shares of WideOpenWest in a research report on Monday, August 20th. Finally, Credit Suisse Group began coverage on WideOpenWest in a research report on Tuesday, July 10th. They issued a “neutral” rating and a $10.50 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.93.

In other news, Director Crestview Partners Iii Gp, L.P bought 165,000 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The shares were acquired at an average cost of $10.34 per share, with a total value of $1,706,100.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders purchased a total of 583,600 shares of company stock worth $6,209,022 over the last ninety days. Corporate insiders own 2.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its holdings in WideOpenWest by 23.1% in the 1st quarter. Barclays PLC now owns 38,243 shares of the company’s stock valued at $273,000 after purchasing an additional 7,182 shares in the last quarter. Rhumbline Advisers increased its holdings in WideOpenWest by 31.5% in the 2nd quarter. Rhumbline Advisers now owns 30,147 shares of the company’s stock valued at $291,000 after purchasing an additional 7,230 shares in the last quarter. California State Teachers Retirement System increased its holdings in WideOpenWest by 23.4% in the 1st quarter. California State Teachers Retirement System now owns 41,463 shares of the company’s stock valued at $296,000 after purchasing an additional 7,863 shares in the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in WideOpenWest in the 2nd quarter valued at $105,000. Finally, Voya Investment Management LLC acquired a new stake in WideOpenWest in the 2nd quarter valued at $106,000. Hedge funds and other institutional investors own 61.77% of the company’s stock.

Shares of WideOpenWest stock traded up $0.04 during trading hours on Thursday, reaching $11.18. 126,130 shares of the company’s stock were exchanged, compared to its average volume of 163,705. WideOpenWest has a 52-week low of $6.03 and a 52-week high of $16.58. The firm has a market cap of $932.35 million, a PE ratio of 45.12 and a beta of 2.02. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of -5.29.

About WideOpenWest

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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