Windstream Holdings Inc (WIN) Expected to Post Earnings of -$0.41 Per Share
Equities analysts expect that Windstream Holdings Inc (NYSE:WIN) will announce earnings per share of ($0.41) for the current quarter, Zacks reports. Five analysts have issued estimates for Windstream Holdings’ earnings. The highest EPS estimate is ($0.26) and the lowest is ($0.75). Windstream Holdings reported earnings of ($0.61) per share in the same quarter last year, which would indicate a positive year over year growth rate of 32.8%. The firm is expected to announce its next earnings report before the market opens on Thursday, November 9th.
On average, analysts expect that Windstream Holdings will report full year earnings of ($1.89) per share for the current year, with EPS estimates ranging from ($2.69) to ($1.21). For the next year, analysts forecast that the business will report earnings of ($1.27) per share, with EPS estimates ranging from ($2.78) to ($0.49). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Windstream Holdings.
Windstream Holdings (NYSE:WIN) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.08. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the company posted $0.01 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis.
WIN has been the topic of a number of recent research reports. Jefferies Group LLC restated a “hold” rating and set a $2.50 price target on shares of Windstream Holdings in a report on Thursday, September 7th. Zacks Investment Research upgraded shares of Windstream Holdings from a “sell” rating to a “buy” rating and set a $2.25 price target on the stock in a report on Thursday, October 12th. BidaskClub downgraded shares of Windstream Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, September 22nd. Citigroup Inc. cut their price target on shares of Windstream Holdings from $5.25 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, July 13th. Finally, Cowen and Company restated a “buy” rating on shares of Windstream Holdings in a report on Thursday, October 19th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Windstream Holdings has a consensus rating of “Hold” and an average target price of $4.08.
Shares of Windstream Holdings (NYSE WIN) traded up 3.87% during mid-day trading on Tuesday, reaching $1.88. 2,744,211 shares of the company were exchanged. Windstream Holdings has a 12 month low of $1.73 and a 12 month high of $8.35. The firm’s 50-day moving average is $1.94 and its 200-day moving average is $3.34. The company’s market capitalization is $358.76 million.
Windstream Holdings declared that its board has authorized a share repurchase plan on Thursday, August 3rd that allows the company to buyback $90.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 19.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.
In other news, Director Alan L. Wells bought 68,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average cost of $2.10 per share, for a total transaction of $142,800.00. Following the purchase, the director now owns 157,971 shares of the company’s stock, valued at approximately $331,739.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anthony W. Thomas bought 25,381 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $1.97 per share, for a total transaction of $50,000.57. Following the completion of the purchase, the director now directly owns 637,006 shares in the company, valued at approximately $1,254,901.82. The disclosure for this purchase can be found here. Insiders have bought a total of 95,381 shares of company stock worth $196,901 in the last 90 days.
A number of large investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. grew its stake in Windstream Holdings by 79.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 74,808 shares of the company’s stock valued at $290,000 after buying an additional 33,050 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Windstream Holdings by 6.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 149,713 shares of the company’s stock valued at $581,000 after buying an additional 8,543 shares during the last quarter. PineView Asset Management LP grew its stake in Windstream Holdings by 263.6% in the 2nd quarter. PineView Asset Management LP now owns 1,091,757 shares of the company’s stock valued at $4,236,000 after buying an additional 791,517 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in Windstream Holdings by 175.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 29,780 shares of the company’s stock valued at $116,000 after buying an additional 18,969 shares during the last quarter. Finally, State Street Corp grew its stake in Windstream Holdings by 10.3% in the 2nd quarter. State Street Corp now owns 4,526,499 shares of the company’s stock valued at $17,565,000 after buying an additional 422,934 shares during the last quarter.
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Windstream Holdings Company Profile
Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its ILEC Consumer and Small Business segment offers consumer services, including high-speed Internet access; Internet security services; online backup services; basic local telephone services and long-distance services, as well as call waiting, caller identification, call forwarding, and other services; and video services, as well as owns and operates cable television franchises, and sells and leases equipment to support its consumer high-speed Internet and voice services.
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