Windstream Holdings’s Sell Rating Reiterated at Goldman Sachs (WIN)
Windstream Holdings (NASDAQ:WIN) traded down 2.30% during mid-day trading on Tuesday, hitting $11.05. The stock had a trading volume of 10,018,040 shares. Windstream Holdings has a 52 week low of $7.18 and a 52 week high of $13.30. The stock has a 50-day moving average of $10.99 and a 200-day moving average of $9.47. The company has a market cap of $6.660 billion and a P/E ratio of 38.47. Windstream Holdings also was the target of a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 63,255,565 shares, a drop of 27.7% from the July 31st total of 87,435,092 shares. Currently, 10.6% of the company’s stock are short sold. Based on an average daily volume of 8,305,620 shares, the short-interest ratio is presently 7.6 days.
Windstream Holdings (NASDAQ:WIN) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.08 by $0.05. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company posted $0.07 earnings per share. Windstream Holdings’s revenue was down 2.4% compared to the same quarter last year. On average, analysts predict that Windstream Holdings will post $0.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.84%. The ex-dividend date of this dividend is Friday, September 26th.
WIN has been the subject of a number of other recent research reports. Analysts at DA Davidson downgraded shares of Windstream Holdings from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 20th. They now have a $11.75 price target on the stock, down previously from $14.50. They noted that the move was a valuation call. Separately, analysts at Davidson raised their price target on shares of Windstream Holdings from $9.00 to $14.50 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Windstream Holdings in a research note on Wednesday, July 30th. They now have a $12.00 price target on the stock, up previously from $9.50. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Windstream Holdings presently has an average rating of “Hold” and an average target price of $11.18.
In other Windstream Holdings news, SVP Eric N. Einhorn sold 21,772 shares of Windstream Holdings stock on the open market in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $11.26, for a total transaction of $245,152.72. The sale was disclosed in a document filed with the SEC, which is available at this link.
Windstream Corporation (NASDAQ:WIN) is a provider of advanced communications and technology solutions, including managed services and cloud computing, to businesses nationwide.
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