Zacks: Brokerages Anticipate Windstream Holdings, Inc. (WIN) Will Announce Quarterly Sales of $1.49 Billion

Equities research analysts expect Windstream Holdings, Inc. (NASDAQ:WIN) to announce $1.49 billion in sales for the current quarter, according to Zacks. Five analysts have made estimates for Windstream’s earnings. The lowest sales estimate is $1.48 billion and the highest is $1.51 billion. Windstream posted sales of $1.31 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 13.7%. The firm is scheduled to announce its next quarterly 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 financial year, analysts forecast that the business will post sales of $5.81 billion per share, with estimates ranging from $5.72 billion to $5.98 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Windstream.

Windstream (NASDAQ:WIN) last released its earnings results on Thursday, November 9th. The technology company reported ($0.55) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.46) by ($0.09). Windstream had a negative net margin of 6.49% and a negative return on equity of 64.22%.

A number of analysts have recently issued reports on the company. Zacks Investment Research lowered Windstream from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. JPMorgan Chase & Co. lowered Windstream from a “neutral” rating to an “underweight” rating in a report on Tuesday, January 2nd. BidaskClub lowered Windstream from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Barclays assumed coverage on Windstream in a report on Friday, December 15th. They issued an “underweight” rating and a $1.50 target price for the company. Finally, Canaccord Genuity restated a “buy” rating and issued a $3.00 target price on shares of Windstream in a report on Monday, December 4th. Six research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Sell” and a consensus target price of $2.25.

Large investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its holdings in shares of Windstream by 2,071.1% during the fourth quarter. Bank of Montreal Can now owns 106,928 shares of the technology company’s stock worth $197,000 after acquiring an additional 102,003 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Windstream by 848,461.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 110,313 shares of the technology company’s stock worth $204,000 after acquiring an additional 110,300 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Windstream by 287.1% during the third quarter. Cubist Systematic Strategies LLC now owns 115,280 shares of the technology company’s stock worth $204,000 after acquiring an additional 85,500 shares in the last quarter. Magnetar Financial LLC raised its holdings in shares of Windstream by 192.6% during the third quarter. Magnetar Financial LLC now owns 177,379 shares of the technology company’s stock worth $314,000 after acquiring an additional 116,767 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Windstream by 43.5% during the third quarter. California Public Employees Retirement System now owns 1,682,724 shares of the technology company’s stock worth $2,978,000 after acquiring an additional 509,970 shares in the last quarter. Institutional investors and hedge funds own 66.27% of the company’s stock.

Shares of Windstream (NASDAQ WIN) opened at $1.73 on Friday. The stock has a market capitalization of $323.74, a price-to-earnings ratio of -0.66 and a beta of -0.12. Windstream has a 1-year low of $1.71 and a 1-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.

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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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