WidePoint Co. (WYY) Set to Announce Quarterly Earnings on Tuesday
WidePoint Co. (NYSEMKT:WYY) is scheduled to announce its earnings results after the market closes on Tuesday, August 15th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.
WidePoint (NYSEMKT:WYY) last released its quarterly earnings results on Monday, May 15th. The technology company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $18.61 million during the quarter, compared to analyst estimates of $17.15 million. WidePoint had a negative return on equity of 16.68% and a negative net margin of 6.20%. During the same period in the prior year, the firm posted ($0.01) EPS.
Shares of WidePoint Co. (NYSEMKT:WYY) opened at 0.45 on Tuesday. The stock’s market capitalization is $37.28 million. The company has a 50-day moving average price of $0.44 and a 200-day moving average price of $0.54. WidePoint Co. has a 52-week low of $0.37 and a 52-week high of $0.96.
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Several research firms have commented on WYY. B. Riley reissued a “buy” rating and issued a $1.00 target price on shares of WidePoint in a report on Friday, May 12th. Zacks Investment Research raised WidePoint from a “sell” rating to a “hold” rating in a report on Thursday, June 1st.
WidePoint Corporation is a provider of information technology (IT)-based products, services and solutions. The Company offers secure, cloud-based, enterprise-wide IT-based solutions that enable commercial markets, and federal and state government organizations, to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements.
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