WideOpenWest Inc (WOW) Expected to Announce Quarterly Sales of $292.78 Million
Equities analysts expect WideOpenWest Inc (NYSE:WOW) to post $292.78 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for WideOpenWest’s earnings, with the highest sales estimate coming in at $296.50 million and the lowest estimate coming in at $290.30 million. WideOpenWest posted sales of $292.80 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0%. The business is scheduled to report its next earnings results on Wednesday, March 13th.
According to Zacks, analysts expect that WideOpenWest will report full year sales of $1.16 billion for the current financial year. For the next financial year, analysts expect that the company will post sales of $1.18 billion, with estimates ranging from $1.17 billion to $1.20 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for WideOpenWest.
A number of research firms have recently commented on WOW. Zacks Investment Research raised WideOpenWest from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Saturday, January 12th. B. Riley set a $16.00 target price on WideOpenWest and gave the stock a “buy” rating in a research note on Friday, November 9th. Finally, ValuEngine cut WideOpenWest from a “hold” rating to a “sell” rating in a research note on Saturday, December 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.64.
Institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. purchased a new stake in shares of WideOpenWest during the fourth quarter valued at $25,000. Metropolitan Life Insurance Co. NY boosted its position in shares of WideOpenWest by 356.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,865 shares of the company’s stock valued at $77,000 after buying an additional 8,486 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of WideOpenWest by 1,205.2% during the fourth quarter. Meeder Asset Management Inc. now owns 11,133 shares of the company’s stock valued at $79,000 after buying an additional 10,280 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of WideOpenWest during the fourth quarter valued at $80,000. Finally, Paloma Partners Management Co purchased a new stake in shares of WideOpenWest during the fourth quarter valued at $95,000. 57.14% of the stock is currently owned by institutional investors.
Shares of NYSE WOW traded up $0.06 during trading on Thursday, reaching $8.32. The company had a trading volume of 102,700 shares, compared to its average volume of 269,631. WideOpenWest has a 12-month low of $6.03 and a 12-month high of $12.91. The stock has a market cap of $711.18 million, a P/E ratio of 12.06 and a beta of 1.76.
WideOpenWest Company Profile
WideOpenWest, Inc operates as a cable operator in the United States. It provides high-speed data, cable television, voice over IP-based telephony, and business-class services to residential and business services customers. Its video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; and ultra video products, as well as provides commercial-free movies, sports, and other special event entertainment programs.
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