Equities Analysts Set Expectations for WideOpenWest, Inc.’s Q1 2019 Earnings (WOW)
WideOpenWest, Inc. (NYSE:WOW) – Equities research analysts at SunTrust Banks issued their Q1 2019 earnings per share estimates for WideOpenWest in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst G. Miller expects that the company will post earnings of $0.35 per share for the quarter. SunTrust Banks currently has a “Buy” rating and a $18.00 price target on the stock. SunTrust Banks also issued estimates for WideOpenWest’s Q2 2019 earnings at $0.35 EPS and Q3 2019 earnings at $0.34 EPS.
WideOpenWest (NYSE:WOW) last posted its quarterly earnings data on Monday, November 13th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.17. The firm had revenue of $297.80 million for the quarter, compared to the consensus estimate of $302.00 million. The company’s revenue for the quarter was down 4.3% on a year-over-year basis.
Several other research firms have also recently weighed in on WOW. Zacks Investment Research cut WideOpenWest from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 18th. UBS lowered their price objective on WideOpenWest from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, November 14th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $20.00 price objective on shares of WideOpenWest in a research report on Monday, September 18th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. WideOpenWest currently has a consensus rating of “Buy” and an average price target of $18.25.
WideOpenWest (NYSE:WOW) traded down $0.20 during mid-day trading on Friday, reaching $8.85. The company’s stock had a trading volume of 229,400 shares, compared to its average volume of 364,746. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of -8.37. WideOpenWest has a 1 year low of $8.81 and a 1 year high of $18.83.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in shares of WideOpenWest during the 2nd quarter worth $113,000. SG Americas Securities LLC acquired a new stake in shares of WideOpenWest during the 3rd quarter worth $109,000. New Jersey Better Educational Savings Trust acquired a new stake in shares of WideOpenWest during the 2nd quarter worth $174,000. American International Group Inc. acquired a new stake in shares of WideOpenWest during the 3rd quarter worth $195,000. Finally, Wells Fargo & Company MN acquired a new stake in shares of WideOpenWest during the 2nd quarter worth $274,000. 53.79% of the stock is currently owned by institutional investors.
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WideOpenWest, Inc is a cable operator in the United States. The Company provides high-speed data (HSD), cable television (Video), digital telephony (Telephony) and business-class services. The Company’s products are available either as a bundle or as an individual service to residential and business services customers.
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