-$0.38 Earnings Per Share Expected for Windstream Holdings, Inc. (WIN) This Quarter
Wall Street brokerages predict that Windstream Holdings, Inc. (NASDAQ:WIN) will post ($0.38) earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Windstream’s earnings, with the lowest EPS estimate coming in at ($0.68) and the highest estimate coming in at ($0.21). Windstream posted earnings of ($0.51) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 25.5%. The business is scheduled to issue its next earnings report on Wednesday, March 7th.
According to Zacks, analysts expect that Windstream will report full-year earnings of ($2.18) per share for the current financial year, with EPS estimates ranging from ($2.48) to ($1.99). For the next year, analysts forecast that the firm will post earnings of ($1.36) per share, with EPS estimates ranging from ($2.76) to ($0.49). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Windstream.
WIN has been the subject of a number of recent research reports. Canaccord Genuity restated a “buy” rating and issued a $3.00 price objective on shares of Windstream in a research note on Monday, December 4th. BidaskClub upgraded shares of Windstream from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. ValuEngine upgraded shares of Windstream from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Barclays initiated coverage on shares of Windstream in a research note on Friday. They issued an “underweight” rating and a $1.50 price objective for the company. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $2.25.
Institutional investors and hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC grew its holdings in shares of Windstream by 287.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 115,280 shares of the technology company’s stock worth $204,000 after purchasing an additional 85,500 shares during the last quarter. Magnetar Financial LLC grew its holdings in shares of Windstream by 192.6% in the 3rd quarter. Magnetar Financial LLC now owns 177,379 shares of the technology company’s stock worth $314,000 after purchasing an additional 116,767 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Windstream by 43.5% in the 3rd quarter. California Public Employees Retirement System now owns 1,682,724 shares of the technology company’s stock worth $2,978,000 after purchasing an additional 509,970 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Windstream by 22.6% in the 3rd quarter. Royce & Associates LP now owns 2,346,752 shares of the technology company’s stock worth $4,154,000 after purchasing an additional 433,134 shares during the last quarter. 66.30% of the stock is currently owned by institutional investors and hedge funds.
Windstream (NASDAQ:WIN) opened at $2.16 on Friday. Windstream has a one year low of $1.73 and a one year high of $8.35. The company has a quick ratio of 0.70, a current ratio of 0.77 and a debt-to-equity ratio of 20.24.
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Windstream Company Profile
Windstream Corporation (Windstream) is a provider of advanced communications and technology solutions, including managed services and cloud computing, to businesses nationwide. In addition to business services, the Company offers broadband, voice and video services to consumers in primarily rural markets.
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