Gabelli Analysts Boost Earnings Estimates for Windstream Holdings Inc (WIN)
Windstream Holdings Inc (NYSE:WIN) – Equities research analysts at Gabelli upped their FY2016 earnings per share (EPS) estimates for Windstream Holdings in a note issued to investors on Tuesday. Gabelli analyst S. Dluzhevskiy now anticipates that the brokerage will earn ($3.20) per share for the year, up from their previous estimate of ($3.95). Gabelli also issued estimates for Windstream Holdings’ FY2017 earnings at ($1.35) EPS, FY2018 earnings at ($1.45) EPS, FY2019 earnings at ($1.50) EPS and FY2020 earnings at ($1.50) EPS.
Windstream Holdings (NYSE:WIN) last issued its earnings results on Monday, November 7th. The company reported ($0.72) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.47) by $0.25. The business earned $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the business posted ($0.08) earnings per share. The business’s revenue was down 10.2% compared to the same quarter last year.
WIN has been the topic of a number of other research reports. Zacks Investment Research upgraded Windstream Holdings from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Thursday, October 6th. Cowen and Company started coverage on Windstream Holdings in a research note on Thursday, October 13th. They issued a “market perform” rating and a $9.00 target price on the stock. Jefferies Group increased their target price on Windstream Holdings from $4.00 to $6.00 and gave the stock an “underperform” rating in a research note on Friday, July 15th. Wells Fargo & Co. reissued a “market perform” rating on shares of Windstream Holdings in a research report on Tuesday. Finally, Citigroup Inc. reissued a “neutral” rating and set a $10.00 price target on shares of Windstream Holdings in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $8.56.
Windstream Holdings (NYSE:WIN) opened at 6.94 on Friday. The firm has a 50-day moving average price of $8.46 and a 200-day moving average price of $8.76. Windstream Holdings has a 12 month low of $4.75 and a 12 month high of $10.46. The stock’s market cap is $668.07 million.
A number of large investors have recently modified their holdings of the stock. Creative Planning increased its stake in shares of 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 during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Windstream Holdings by 2.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,323 shares of the company’s stock worth $161,000 after buying an additional 447 shares during the last quarter. Teacher Retirement System of Texas increased its stake 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 worth $119,000 after buying an additional 504 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Windstream Holdings by 6.6% in the third quarter. Prudential Financial Inc. now owns 11,430 shares of the company’s stock worth $115,000 after buying an additional 710 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Windstream Holdings by 0.7% in the third quarter. Rhumbline Advisers now owns 122,425 shares of the company’s stock worth $1,230,000 after buying an additional 800 shares during the last quarter.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date of this dividend is Wednesday, December 28th.
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