Windstream Holdings Inc (WIN) Receives New Coverage from Analysts at Cowen and Company
Analysts at Cowen and Company initiated coverage on shares of Windstream Holdings Inc (NYSE:WIN) in a report released on Thursday. The firm set a “market perform” rating on the stock.
Several other brokerages have also weighed in on WIN. Jefferies Group reissued a “sell” rating on shares of Windstream Holdings in a research report on Sunday, July 17th. Zacks Investment Research raised Windstream Holdings from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Tuesday, July 12th. Raymond James Financial Inc. reissued an “underperform” rating on shares of Windstream Holdings in a research report on Friday, August 5th. Finally, Citigroup Inc. reissued a “neutral” rating and set a $10.00 target price on shares of Windstream Holdings in a research report on Tuesday, July 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Windstream Holdings presently has a consensus rating of “Hold” and a consensus price target of $9.00.
Windstream Holdings (NYSE:WIN) opened at 8.36 on Thursday. Windstream Holdings has a one year low of $4.75 and a one year high of $10.46. The firm’s market capitalization is $804.77 million. The firm has a 50-day moving average price of $9.21 and a 200-day moving average price of $8.81.
Windstream Holdings (NYSE:WIN) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.36. The company earned $1.36 billion during the quarter, compared to analyst estimates of $1.37 billion. Windstream Holdings’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the business earned ($1.13) EPS. Equities analysts anticipate that Windstream Holdings will post $0.41 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.60 dividend on an annualized basis and a yield of 7.18%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning increased its position in Windstream Holdings by 4.0% in the third quarter. Creative Planning now owns 10,269 shares of the company’s stock worth $103,000 after buying an additional 397 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in Windstream Holdings during the second quarter worth about $105,000. Sii Investments Inc. WI purchased a new position in Windstream Holdings during the second quarter worth about $109,000. Teacher Retirement System of Texas increased its position in Windstream Holdings by 4.1% in the second quarter. Teacher Retirement System of Texas now owns 12,826 shares of the company’s stock worth $119,000 after buying an additional 504 shares in the last quarter. Finally, Atria Investments LLC purchased a new position in Windstream Holdings during the third quarter worth about $139,000.
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