Brokerages Expect Windstream Holdings Inc (WIN) Will Post Quarterly Sales of $1.50 Billion
Equities research analysts predict that Windstream Holdings Inc (NYSE:WIN) will post sales of $1.50 billion for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Windstream Holdings’ earnings. The highest sales estimate is $1.51 billion and the lowest is $1.49 billion. Windstream Holdings reported sales of $1.36 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The company is expected to announce its next earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that Windstream Holdings will report full-year sales of $1.50 billion for the current year, with estimates ranging from $5.81 billion to $6.01 billion. For the next financial year, analysts forecast that the business will post sales of $5.86 billion per share, with estimates ranging from $5.75 billion to $6.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Windstream Holdings.
Windstream Holdings (NYSE:WIN) last issued its quarterly earnings data on Thursday, May 4th. The company reported ($0.89) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by $0.55. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. The company’s revenue was down 7.1% on a year-over-year basis. During the same quarter last year, the company earned ($2.52) earnings per share.
Several brokerages have recently commented on WIN. Morgan Stanley restated an “equal weight” rating and issued a $5.00 target price (down from $9.00) on shares of Windstream Holdings in a research report on Wednesday, June 14th. J P Morgan Chase & Co began coverage on shares of Windstream Holdings in a research report on Wednesday, March 15th. They issued a “neutral” rating and a $7.00 target price for the company. Deutsche Bank AG dropped their target price on shares of Windstream Holdings from $8.50 to $7.00 and set a “hold” rating for the company in a research report on Tuesday, March 14th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $4.50 price objective on shares of Windstream Holdings in a research report on Wednesday, March 22nd. Finally, Citigroup Inc. lowered their price objective on shares of Windstream Holdings from $8.50 to $7.00 and set a “neutral” rating for the company in a research report on Monday, March 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $6.75.
Shares of Windstream Holdings (NYSE:WIN) opened at 3.71 on Friday. The company’s market capitalization is $706.73 million. The firm’s 50-day moving average is $4.40 and its 200 day moving average is $6.16. Windstream Holdings has a 52 week low of $3.67 and a 52 week high of $10.46.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 16.22%. This is a positive change from Windstream Holdings’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, June 28th.
A number of large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in Windstream Holdings during the fourth quarter worth $120,000. State Street Corp raised its stake in Windstream Holdings by 12.5% in the fourth quarter. State Street Corp now owns 2,174,588 shares of the company’s stock worth $15,936,000 after buying an additional 241,378 shares during the last quarter. Trexquant Investment LP acquired a new stake in Windstream Holdings during the fourth quarter worth $130,000. Credit Agricole S A acquired a new stake in Windstream Holdings during the fourth quarter worth $164,000. Finally, United Capital Financial Advisers LLC raised its stake in Windstream Holdings by 25.4% in the fourth quarter. United Capital Financial Advisers LLC now owns 22,871 shares of the company’s stock worth $168,000 after buying an additional 4,632 shares during the last quarter.
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