WideOpenWest (WOW) Issues Earnings Results, Beats Estimates By $0.12 EPS
WideOpenWest (NYSE:WOW) released its earnings results on Thursday. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.12, Fidelity Earnings reports. The business had revenue of $291.30 million during the quarter, compared to the consensus estimate of $290.44 million. WideOpenWest had a negative net margin of 9.85% and a negative return on equity of 29.86%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share.
Shares of WideOpenWest opened at $12.65 on Friday, according to MarketBeat.com. WideOpenWest has a one year low of $6.03 and a one year high of $16.81. The stock has a market capitalization of $964.95 million, a PE ratio of 18.33 and a beta of 1.89. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of -5.06.
A number of research analysts recently weighed in on the stock. Credit Suisse Group raised their target price on shares of WideOpenWest from $10.50 to $11.50 and gave the company a “neutral” rating in a research report on Friday. Zacks Investment Research raised shares of WideOpenWest from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 16th. B. Riley assumed coverage on shares of WideOpenWest in a research report on Friday, June 22nd. They issued a “buy” rating and a $14.00 target price for the company. Finally, KeyCorp assumed coverage on shares of WideOpenWest in a research report on Wednesday, May 16th. They issued a “sector weight” rating for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. WideOpenWest has an average rating of “Hold” and a consensus price target of $14.75.
WideOpenWest, Inc operates as a cable operator in the United States. It provides high-speed data, cable television, voice over IP-based telephony, and business-class services to residential and business services customers. Its video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; and ultra video products, as well as provides commercial-free movies, sports, and other special event entertainment programs.
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