Litchfield Hills Research Comments on WidePoint Co.’s Q2 2024 Earnings (NYSEAMERICAN:WYY)

WidePoint Co. (NYSEAMERICAN:WYY) – Analysts at Litchfield Hills Research issued their Q2 2024 EPS estimates for WidePoint in a research note issued to investors on Monday, June 24th. Litchfield Hills Research analyst B. Sine anticipates that the technology company will earn ($0.08) per share for the quarter. Litchfield Hills Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for WidePoint’s current full-year earnings is ($0.37) per share. Litchfield Hills Research also issued estimates for WidePoint’s Q3 2024 earnings at ($0.11) EPS, Q4 2024 earnings at ($0.10) EPS, FY2024 earnings at ($0.37) EPS, Q1 2025 earnings at ($0.11) EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.25) EPS, Q1 2026 earnings at ($0.06) EPS and FY2026 earnings at ($0.04) EPS.

WidePoint (NYSEAMERICAN:WYY) last posted its quarterly earnings data on Wednesday, May 15th. The technology company reported ($0.07) earnings per share (EPS) for the quarter. WidePoint had a negative net margin of 3.26% and a negative return on equity of 24.70%. The firm had revenue of $34.21 million for the quarter.

Separately, StockNews.com assumed coverage on shares of WidePoint in a research report on Sunday, June 16th. They issued a “hold” rating for the company.

WidePoint Stock Performance

WidePoint stock opened at $4.19 on Thursday. WidePoint has a 1 year low of $1.60 and a 1 year high of $4.24. The stock has a market capitalization of $39.01 million, a PE ratio of -9.98 and a beta of 1.54.

Hedge Funds Weigh In On WidePoint

An institutional investor recently raised its position in WidePoint stock. Platform Technology Partners grew its holdings in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,753 shares of the technology company’s stock after purchasing an additional 20,000 shares during the quarter. Platform Technology Partners owned about 0.53% of WidePoint worth $108,000 as of its most recent filing with the Securities and Exchange Commission. 22.60% of the stock is owned by institutional investors.

WidePoint Company Profile

WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It offers TMaaS solutions through a secure federal government certified proprietary portal and secure enterprise portal that provides ability to manage, analyze, and protect communications assets, as well as deploys identity management solutions that provides secured virtual and physical access to restricted environments.