Brokerages predict that Windstream Holdings Inc (NASDAQ:WIN) will report sales of $1.40 billion for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Windstream’s earnings. The highest sales estimate is $1.42 billion and the lowest is $1.39 billion. Windstream posted sales of $1.50 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 6.7%. The company is scheduled to report its next earnings results on Thursday, February 28th.
On average, analysts expect that Windstream will report full-year sales of $5.73 billion for the current fiscal year, with estimates ranging from $5.71 billion to $5.74 billion. For the next financial year, analysts anticipate that the business will report sales of $5.52 billion, with estimates ranging from $5.40 billion to $5.62 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Windstream.
Windstream (NASDAQ:WIN) last announced its earnings results on Thursday, November 8th. The technology company reported ($2.57) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($2.58) by $0.01. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company earned ($2.75) EPS. The business’s revenue for the quarter was down 5.1% on a year-over-year basis.
A number of research analysts have issued reports on the stock. Morgan Stanley decreased their target price on shares of Windstream from $10.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Monday, November 19th. ValuEngine lowered shares of Windstream from a “hold” rating to a “sell” rating in a research report on Thursday, November 8th. Zacks Investment Research lowered shares of Windstream from a “buy” rating to a “hold” rating in a research report on Saturday, October 13th. Bank of America decreased their target price on shares of Windstream from $7.50 to $4.50 and set an “underperform” rating on the stock in a research report on Monday, August 13th. Finally, Cowen reaffirmed a “buy” rating and set a $8.00 price target on shares of Windstream in a report on Friday, August 10th. Seven research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Windstream currently has an average rating of “Sell” and an average target price of $4.61.
Shares of NASDAQ:WIN opened at $2.91 on Friday. Windstream has a 12-month low of $2.61 and a 12-month high of $11.20. The company has a market cap of $124.08 million, a price-to-earnings ratio of -0.36 and a beta of 0.05.
Several institutional investors have recently modified their holdings of WIN. Acadian Asset Management LLC bought a new position in Windstream in the 2nd quarter valued at approximately $173,000. CQS Cayman LP bought a new position in Windstream in the 3rd quarter valued at approximately $4,967,000. Raymond James & Associates lifted its stake in Windstream by 31.2% in the 2nd quarter. Raymond James & Associates now owns 44,557 shares of the technology company’s stock valued at $235,000 after purchasing an additional 10,607 shares during the last quarter. Engineers Gate Manager LP bought a new position in Windstream in the 3rd quarter valued at approximately $452,000. Finally, MYDA Advisors LLC bought a new position in Windstream in the 2nd quarter valued at approximately $132,000. 59.44% of the stock is owned by institutional investors.
Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its Consumer & Small Business segment offers services, including traditional local and long-distance voice services, and high-speed Internet services; and value-added services, such as security and online back-up.
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