Q4 2019 EPS Estimates for WideOpenWest Inc Raised by SunTrust Banks (WOW)

WideOpenWest Inc (NYSE:WOW) – Equities research analysts at SunTrust Banks lifted their Q4 2019 earnings per share estimates for WideOpenWest in a research note issued on Tuesday, May 7th. SunTrust Banks analyst G. Miller now forecasts that the company will post earnings of $0.23 per share for the quarter, up from their prior forecast of $0.22. SunTrust Banks also issued estimates for WideOpenWest’s Q1 2020 earnings at $0.19 EPS, Q2 2020 earnings at $0.22 EPS, Q3 2020 earnings at $0.26 EPS, Q4 2020 earnings at $0.28 EPS and FY2020 earnings at $0.95 EPS.

WideOpenWest (NYSE:WOW) last posted its earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.09). WideOpenWest had a negative return on equity of 26.71% and a net margin of 6.94%. The business had revenue of $287.20 million during the quarter, compared to analysts’ expectations of $287.92 million. During the same quarter in the previous year, the business earned $0.19 EPS. WideOpenWest’s revenue for the quarter was up .6% on a year-over-year basis.

A number of other equities research analysts have also weighed in on WOW. Zacks Investment Research lowered shares of WideOpenWest from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Credit Suisse Group lowered their price objective on shares of WideOpenWest from $11.50 to $9.50 and set a “neutral” rating for the company in a report on Friday, March 8th. Macquarie lowered shares of WideOpenWest from an “outperform” rating to a “neutral” rating and set a $10.00 price objective for the company. in a report on Tuesday, April 9th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of WideOpenWest from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $11.79.

Shares of WideOpenWest stock opened at $8.42 on Friday. WideOpenWest has a 1 year low of $6.40 and a 1 year high of $12.91. The company has a market cap of $706.45 million, a price-to-earnings ratio of 7.32 and a beta of 1.70.

In other WideOpenWest news, Director Crestview Partners Iii Gp, L.P bought 193,108 shares of WideOpenWest stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost of $8.19 per share, with a total value of $1,581,554.52. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Teresa L. Elder bought 6,265 shares of WideOpenWest stock in a transaction dated Tuesday, March 12th. The stock was acquired at an average cost of $7.97 per share, for a total transaction of $49,932.05. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 1,597,936 shares of company stock worth $14,827,282. 3.00% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. bought a new position in WideOpenWest in the 4th quarter worth about $25,000. BNP Paribas Arbitrage SA boosted its stake in WideOpenWest by 115.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,965 shares of the company’s stock worth $63,000 after purchasing an additional 3,738 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in WideOpenWest by 356.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,865 shares of the company’s stock worth $77,000 after purchasing an additional 8,486 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in WideOpenWest by 1,205.2% in the 4th quarter. Meeder Asset Management Inc. now owns 11,133 shares of the company’s stock worth $79,000 after purchasing an additional 10,280 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new position in WideOpenWest in the 4th quarter worth about $80,000. 60.83% of the stock is currently owned by hedge funds and other institutional investors.

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. 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 offers commercial-free movies, sports, and other special event entertainment programs.

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Earnings History and Estimates for WideOpenWest (NYSE:WOW)

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