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.

In other news, CEO Teresa L. Elder acquired 11,240 shares of the firm’s stock in a transaction dated Friday, June 1st. The stock was bought at an average price of $8.89 per share, with a total value of $99,923.60. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Crestview Partners Iii Gp, L.P acquired 115,600 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was purchased at an average cost of $10.92 per share, with a total value of $1,262,352.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 624,865 shares of company stock valued at $6,567,714. Insiders own 2.40% of the company’s stock.

About WideOpenWest

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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Earnings History for WideOpenWest (NYSE:WOW)

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