Brokerages expect WideOpenWest Inc (NYSE:WOW) to report sales of $290.98 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for WideOpenWest’s earnings. The highest sales estimate is $292.80 million and the lowest is $289.70 million. WideOpenWest posted sales of $297.80 million during the same quarter last year, which suggests a negative year over year growth rate of 2.3%. The company is scheduled to report its next quarterly earnings results on Monday, November 12th.

On average, analysts expect that WideOpenWest will report full-year sales of $1.16 billion for the current fiscal year, with estimates ranging from $1.15 billion to $1.16 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.18 billion per share, with estimates ranging from $1.16 billion to $1.21 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow WideOpenWest.

WideOpenWest (NYSE:WOW) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.12. The company had revenue of $291.30 million for the quarter, compared to analyst estimates of $290.44 million. WideOpenWest had a negative net margin of 9.85% and a negative return on equity of 29.86%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share.

A number of analysts have issued reports on the stock. Credit Suisse Group boosted their price target on shares of WideOpenWest from $10.50 to $11.50 and gave the stock a “neutral” rating in a research note on Friday. B. Riley assumed coverage on shares of WideOpenWest in a research note on Friday, June 22nd. They set a “buy” rating and a $14.00 price target on the stock. KeyCorp assumed coverage on shares of WideOpenWest in a research note on Wednesday, May 16th. They set a “sector weight” rating on the stock. Finally, Zacks Investment Research upgraded shares of WideOpenWest from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.75.

In other news, Director Crestview Partners Iii Gp, L.P bought 166,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 24th. The shares were purchased at an average cost of $10.60 per share, for a total transaction of $1,759,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Teresa L. Elder bought 11,240 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The shares were purchased at an average price of $8.89 per share, for a total transaction of $99,923.60. The disclosure for this purchase can be found here. Insiders have acquired 624,865 shares of company stock worth $6,567,714 over the last quarter. Insiders own 2.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Crestview Partners III GP L.P. increased its stake in shares of WideOpenWest by 5.9% during the first quarter. Crestview Partners III GP L.P. now owns 26,274,446 shares of the company’s stock worth $187,862,000 after buying an additional 1,456,767 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of WideOpenWest by 19.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 97,908 shares of the company’s stock worth $701,000 after buying an additional 16,008 shares during the period. HarbourVest Partners LLC purchased a new stake in shares of WideOpenWest during the first quarter worth approximately $841,000. Blackstone Group L.P. purchased a new stake in shares of WideOpenWest during the first quarter worth approximately $6,262,000. Finally, Guggenheim Capital LLC increased its stake in shares of WideOpenWest by 64.7% during the fourth quarter. Guggenheim Capital LLC now owns 129,073 shares of the company’s stock worth $1,363,000 after buying an additional 50,700 shares during the period. Hedge funds and other institutional investors own 59.04% of the company’s stock.

Shares of NYSE:WOW opened at $12.65 on Friday. The company has a debt-to-equity ratio of -5.06, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $964.95 million, a price-to-earnings ratio of 18.33 and a beta of 1.89. WideOpenWest has a 1 year low of $6.03 and a 1 year high of $16.81.

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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