Q1 2018 EPS Estimates for WideOpenWest, Inc. Lowered by Analyst (WOW)
WideOpenWest, Inc. (NYSE:WOW) – Equities researchers at SunTrust Banks cut their Q1 2018 EPS estimates for shares of WideOpenWest in a research note issued to investors on Wednesday. SunTrust Banks analyst G. Miller now forecasts that the company will earn $0.29 per share for the quarter, down from their previous forecast of $0.30. SunTrust Banks currently has a “Buy” rating and a $18.00 target price on the stock. SunTrust Banks also issued estimates for WideOpenWest’s Q4 2018 earnings at $0.36 EPS and FY2019 earnings at $1.39 EPS.
WideOpenWest (NYSE:WOW) last issued its earnings results on Monday, November 13th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.17. The business had revenue of $297.80 million for the quarter, compared to analyst estimates of $302.00 million. WideOpenWest’s revenue was down 4.3% on a year-over-year basis.
Shares of WideOpenWest (NYSE WOW) opened at $8.85 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of -8.37. WideOpenWest has a 12-month low of $8.80 and a 12-month high of $18.83.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of WideOpenWest in the 3rd quarter valued at approximately $109,000. Tower Research Capital LLC TRC purchased a new position in shares of WideOpenWest in the 2nd quarter valued at approximately $113,000. New Jersey Better Educational Savings Trust purchased a new position in shares of WideOpenWest in the 2nd quarter valued at approximately $174,000. American International Group Inc. purchased a new position in shares of WideOpenWest in the 3rd quarter valued at approximately $195,000. Finally, Wells Fargo & Company MN purchased a new position in shares of WideOpenWest in the 2nd quarter valued at approximately $274,000. 53.79% of the stock is currently owned by institutional investors.
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WideOpenWest, Inc is a cable operator in the United States. The Company provides high-speed data (HSD), cable television (Video), digital telephony (Telephony) and business-class services. The Company’s products are available either as a bundle or as an individual service to residential and business services customers.
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