Windstream Holdings, Inc. (WIN) Expected to Post Quarterly Sales of $1.49 Billion

Equities research analysts forecast that Windstream Holdings, Inc. (NASDAQ:WIN) will announce $1.49 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Windstream’s earnings, with the lowest sales estimate coming in at $1.48 billion and the highest estimate coming in at $1.51 billion. Windstream posted sales of $1.31 billion during the same quarter last year, which indicates a positive year over year growth rate of 13.7%. The firm is expected to issue its next earnings results on Wednesday, March 7th.

On average, analysts expect that Windstream will report full year sales of $1.49 billion for the current fiscal year, with estimates ranging from $5.84 billion to $6.05 billion. For the next fiscal year, analysts forecast that the firm will post sales of $5.82 billion per share, with estimates ranging from $5.72 billion to $5.98 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Windstream.

Several brokerages recently issued reports on WIN. ValuEngine downgraded shares of Windstream from a “sell” rating to a “strong sell” rating in a report on Monday, October 2nd. BidaskClub raised shares of Windstream from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $3.00 target price on shares of Windstream in a research note on Friday, November 24th. Barclays began coverage on shares of Windstream in a research note on Friday, December 15th. They issued an “underweight” rating and a $1.50 target price for the company. Finally, JPMorgan Chase & Co. downgraded shares of Windstream from a “neutral” rating to an “underweight” rating in a research note on Tuesday. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Sell” and an average price target of $2.25.

Windstream (NASDAQ WIN) traded down $0.07 during trading hours on Wednesday, hitting $1.78. 3,478,200 shares of the stock were exchanged, compared to its average volume of 3,299,300. The company has a market cap of $325.57, a P/E ratio of -0.68 and a beta of -0.12. Windstream has a one year low of $1.71 and a one year high of $8.35. The company has a quick ratio of 0.70, a current ratio of 0.77 and a debt-to-equity ratio of 20.24.

Large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC grew its position in shares of Windstream by 287.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 115,280 shares of the technology company’s stock worth $204,000 after buying an additional 85,500 shares during the period. Magnetar Financial LLC grew its position in shares of Windstream by 192.6% during the 3rd quarter. Magnetar Financial LLC now owns 177,379 shares of the technology company’s stock worth $314,000 after buying an additional 116,767 shares during the period. California Public Employees Retirement System grew its position in shares of Windstream by 43.5% during the 3rd quarter. California Public Employees Retirement System now owns 1,682,724 shares of the technology company’s stock worth $2,978,000 after buying an additional 509,970 shares during the period. Finally, Royce & Associates LP grew its position in shares of Windstream by 22.6% during the 3rd quarter. Royce & Associates LP now owns 2,346,752 shares of the technology company’s stock worth $4,154,000 after buying an additional 433,134 shares during the period. Institutional investors own 66.27% of the company’s stock.

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About Windstream

Windstream Corporation (Windstream) is a provider of advanced communications and technology solutions, including managed services and cloud computing, to businesses nationwide. In addition to business services, the Company offers broadband, voice and video services to consumers in primarily rural markets.

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