WideOpenWest (NYSE:WOW) Issues Earnings Results

WideOpenWest (NYSE:WOW) announced its earnings results on Monday. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.17), Briefing.com reports. WideOpenWest had a negative net margin of 26.25% and a negative return on equity of 12.57%. The business had revenue of $158.00 million for the quarter, compared to analyst estimates of $157.46 million. During the same quarter in the prior year, the business earned ($1.29) earnings per share. The firm’s revenue was down 8.7% on a year-over-year basis. WideOpenWest updated its FY 2024 guidance to EPS.

WideOpenWest Stock Up 2.5 %

Shares of WOW stock opened at $5.30 on Tuesday. The firm has a fifty day moving average of $5.25 and a two-hundred day moving average of $5.04. WideOpenWest has a 1-year low of $2.31 and a 1-year high of $7.88. The company has a debt-to-equity ratio of 4.04, a current ratio of 0.62 and a quick ratio of 0.62.

Analyst Upgrades and Downgrades

Separately, Benchmark dropped their price objective on WideOpenWest from $8.00 to $7.50 and set a “buy” rating on the stock in a report on Monday, August 26th.

About WideOpenWest

WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. The company's video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; WOW tv+ that offers traditional cable video and cloud DVR functionality, voice remote with Google Assistant, and Netflix integration along with access to various streaming services and apps through the Google Play Store; and commercial-free movies, TV shows, sports, and other special event entertainment programs.