Brokerages Expect WideOpenWest Inc (WOW) Will Announce Quarterly Sales of $292.18 Million

Brokerages predict that WideOpenWest Inc (NYSE:WOW) will report $292.18 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for WideOpenWest’s earnings. The highest sales estimate is $293.00 million and the lowest is $291.50 million. WideOpenWest reported sales of $297.80 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.9%. The firm is scheduled to announce its next earnings report on Monday, November 12th.

According to Zacks, analysts expect that WideOpenWest will report full-year sales of $1.16 billion for the current financial year. For the next year, analysts forecast that the company will report sales of $1.18 billion, with estimates ranging from $1.17 billion to $1.20 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for WideOpenWest.

WideOpenWest (NYSE:WOW) last posted its earnings results on Thursday, August 9th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.19 by $0.12. The firm had revenue of $291.30 million for the quarter, compared to analyst estimates of $290.44 million. WideOpenWest had a negative return on equity of 5.46% and a negative net margin of 8.17%. WideOpenWest’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share.

Several equities analysts recently commented on the company. Zacks Investment Research raised WideOpenWest from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Wednesday, August 15th. B. Riley assumed coverage on WideOpenWest in a report on Friday, June 22nd. They issued a “buy” rating and a $14.00 target price on the stock. Raymond James reissued a “buy” rating and issued a $14.00 target price on shares of WideOpenWest in a report on Monday, August 20th. ValuEngine raised WideOpenWest from a “sell” rating to a “hold” rating in a report on Thursday, October 4th. Finally, Credit Suisse Group assumed coverage on WideOpenWest in a report on Tuesday, July 10th. They issued a “neutral” rating and a $10.50 target price on the stock. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $13.93.

In other WideOpenWest news, Director Crestview Partners Iii Gp, L.P bought 115,600 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were purchased at an average price of $10.92 per share, with a total value of $1,262,352.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 583,600 shares of company stock worth $6,209,022 in the last three months. 2.40% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of WOW. Crestview Partners III GP L.P. grew its holdings in shares of WideOpenWest by 4.4% during the second quarter. Crestview Partners III GP L.P. now owns 27,434,576 shares of the company’s stock worth $265,018,000 after buying an additional 1,160,130 shares during the last quarter. Paragon Capital Management Ltd grew its holdings in shares of WideOpenWest by 24.5% during the second quarter. Paragon Capital Management Ltd now owns 57,070 shares of the company’s stock worth $551,000 after buying an additional 11,240 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of WideOpenWest by 402.0% during the second quarter. GSA Capital Partners LLP now owns 98,327 shares of the company’s stock worth $950,000 after buying an additional 78,741 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of WideOpenWest during the second quarter worth about $226,000. Finally, Schwab Charles Investment Management Inc. grew its holdings 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 last quarter. 61.76% of the stock is currently owned by institutional investors.

NYSE:WOW opened at $10.86 on Friday. The firm has a market capitalization of $926.57 million, a P/E ratio of 15.74 and a beta of 2.02. The company has a debt-to-equity ratio of -5.29, a quick ratio of 0.54 and a current ratio of 0.54. WideOpenWest has a 12 month low of $6.03 and a 12 month high of $14.54.

WideOpenWest Company Profile

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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