WideOpenWest (NYSE:WOW) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

WideOpenWest (NYSE:WOW) posted its earnings results on Tuesday. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03), Briefing.com reports. The business had revenue of $161.50 million during the quarter, compared to the consensus estimate of $161.40 million. WideOpenWest had a negative net margin of 41.90% and a negative return on equity of 12.32%. The business’s revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.46) EPS.

WideOpenWest Price Performance

Shares of NYSE:WOW traded up $0.08 during trading on Wednesday, reaching $4.72. The stock had a trading volume of 697,171 shares, compared to its average volume of 677,607. The stock has a market capitalization of $393.22 million, a PE ratio of -1.31 and a beta of 1.39. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.65 and a quick ratio of 0.65. WideOpenWest has a 52 week low of $2.31 and a 52 week high of $9.06. The business’s 50-day moving average price is $3.59 and its 200 day moving average price is $4.02.

Insider Buying and Selling

In other WideOpenWest news, CEO Teresa L. Elder sold 19,111 shares of WideOpenWest stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $5.00, for a total value of $95,555.00. Following the completion of the transaction, the chief executive officer now owns 1,636,676 shares in the company, valued at approximately $8,183,380. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Don Schena sold 10,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $5.00, for a total transaction of $50,000.00. Following the sale, the insider now directly owns 286,413 shares of the company’s stock, valued at $1,432,065. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Teresa L. Elder sold 19,111 shares of WideOpenWest stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $5.00, for a total value of $95,555.00. Following the completion of the sale, the chief executive officer now directly owns 1,636,676 shares of the company’s stock, valued at $8,183,380. The disclosure for this sale can be found here. Insiders have sold a total of 30,000 shares of company stock worth $150,009 in the last three months. Insiders own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Benchmark reissued a “buy” rating and issued a $8.00 target price on shares of WideOpenWest in a report on Thursday, March 14th. Raymond James lowered WideOpenWest from an “outperform” rating to a “market perform” rating in a research note on Wednesday.

WideOpenWest Company Profile

WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. The company's video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; WOW tv+ that offers traditional cable video and cloud DVR functionality, voice remote with Google Assistant, and Netflix integration along with access to various streaming services and apps through the Google Play Store; and commercial-free movies, TV shows, sports, and other special event entertainment programs.