$296.05 Million in Sales Expected for WideOpenWest Inc (WOW) This Quarter
Wall Street brokerages forecast that WideOpenWest Inc (NYSE:WOW) will report sales of $296.05 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for WideOpenWest’s earnings. The highest sales estimate is $298.60 million and the lowest is $293.50 million. The business is expected to issue its next quarterly earnings report on Monday, February 12th.
According to Zacks, analysts expect that WideOpenWest will report full-year sales of $296.05 million for the current year. For the next financial year, analysts expect that the firm will post sales of $1.19 billion per share, with estimates ranging from $1.18 billion to $1.20 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow WideOpenWest.
WideOpenWest (NYSE:WOW) last announced its earnings results on Monday, November 13th. The company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.17. The business had revenue of $297.80 million for the quarter, compared to analyst estimates of $302.00 million. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis.
In related news, Director Thomas Patrick Mcmillin bought 10,000 shares of the business’s stock in a transaction on Monday, December 18th. The stock was acquired at an average cost of $9.78 per share, with a total value of $97,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Catherine Kuo bought 17,722 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was bought at an average cost of $9.69 per share, with a total value of $171,726.18. The disclosure for this purchase can be found here. Insiders acquired a total of 77,007 shares of company stock valued at $752,075 over the last ninety days.
Several institutional investors and hedge funds have recently modified their holdings of the business. Neuberger Berman Group LLC increased its stake in shares of WideOpenWest by 0.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 565,000 shares of the company’s stock worth $8,520,000 after acquiring an additional 5,000 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of WideOpenWest in the 2nd quarter worth $113,000. SG Americas Securities LLC acquired a new stake in shares of WideOpenWest in the 3rd quarter worth $109,000. New Jersey Better Educational Savings Trust increased its stake in shares of WideOpenWest by 80.0% in the 3rd quarter. New Jersey Better Educational Savings Trust now owns 18,000 shares of the company’s stock worth $271,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Supplemental Annuity Collective Trust of NJ increased its stake in shares of WideOpenWest by 56.3% in the 3rd quarter. Supplemental Annuity Collective Trust of NJ now owns 25,000 shares of the company’s stock worth $377,000 after acquiring an additional 9,000 shares during the last quarter. 53.79% of the stock is owned by institutional investors and hedge funds.
WideOpenWest (WOW) traded down $0.12 during midday trading on Thursday, reaching $10.48. The company had a trading volume of 515,268 shares, compared to its average volume of 473,523. WideOpenWest has a 1 year low of $8.64 and a 1 year high of $18.83. The company has a debt-to-equity ratio of -8.37, a current ratio of 0.73 and a quick ratio of 0.73.
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WideOpenWest Company Profile
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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