Jefferies Group Weighs in on Windstream Holdings Inc’s Q3 2016 Earnings (WIN)
Windstream Holdings Inc (NYSE:WIN) – Research analysts at Jefferies Group lowered their Q3 2016 earnings estimates for shares of Windstream Holdings in a research report issued to clients and investors on Tuesday. Jefferies Group analyst S. Goldman now expects that the firm will earn ($0.52) per share for the quarter, down from their previous forecast of ($0.50). Jefferies Group currently has a “Sell” rating on the stock. Jefferies Group also issued estimates for Windstream Holdings’ Q4 2016 earnings at ($0.48) EPS, FY2016 earnings at ($3.46) EPS and FY2017 earnings at ($1.67) EPS.
Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Windstream Holdings from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Tuesday, July 12th. Citigroup Inc. reiterated a “neutral” rating and set a $10.00 price target on shares of Windstream Holdings in a research note on Tuesday, July 5th. Cowen and Company assumed coverage on Windstream Holdings in a research note on Thursday. They set a “market perform” rating and a $9.00 price target on the stock. Finally, Raymond James Financial Inc. reiterated an “underperform” rating on shares of Windstream Holdings in a research note on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.63.
Windstream Holdings (NYSE:WIN) opened at 8.44 on Thursday. Windstream Holdings has a 1-year low of $4.75 and a 1-year high of $10.46. The stock’s market capitalization is $812.47 million. The stock’s 50 day moving average price is $9.21 and its 200 day moving average price is $8.81.
Windstream Holdings (NYSE:WIN) last posted its earnings results on Thursday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.36. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the firm posted ($1.13) earnings per share. Windstream Holdings’s quarterly revenue was down 4.3% on a year-over-year basis.
Several institutional investors have recently modified their holdings of WIN. Creative Planning boosted its position in shares of Windstream Holdings by 4.0% in the third quarter. Creative Planning now owns 10,269 shares of the company’s stock valued at $103,000 after buying an additional 397 shares during the period. Emerald Acquisition Ltd. bought a new position in shares of Windstream Holdings during the second quarter valued at about $105,000. Sii Investments Inc. WI bought a new position in shares of Windstream Holdings during the second quarter valued at about $109,000. Teacher Retirement System of Texas boosted its position in shares of Windstream Holdings by 4.1% in the second quarter. Teacher Retirement System of Texas now owns 12,826 shares of the company’s stock valued at $119,000 after buying an additional 504 shares during the period. Finally, Atria Investments LLC bought a new position in shares of Windstream Holdings during the third quarter valued at about $139,000.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.60 annualized dividend and a dividend yield of 7.11%.
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