News coverage about Windstream Holdings (NYSE:WIN) has trended somewhat positive on Tuesday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Windstream Holdings earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.3441717936345 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Windstream Holdings (WIN) opened at 1.81 on Tuesday. The company’s 50 day moving average is $1.95 and its 200 day moving average is $3.35. The stock’s market cap is $345.40 million. Windstream Holdings has a 52 week low of $1.73 and a 52 week high of $8.35.
Windstream Holdings (NYSE:WIN) last announced its quarterly earnings data on Thursday, August 3rd. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.08. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. Equities analysts predict that Windstream Holdings will post ($1.96) earnings per share for the current year.
Windstream Holdings declared that its board has authorized a stock repurchase program on Thursday, August 3rd that permits the company to repurchase $90.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 19.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.
Several analysts have issued reports on the stock. BidaskClub downgraded shares of Windstream Holdings from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Cowen and Company reaffirmed a “buy” rating on shares of Windstream Holdings in a report on Thursday, October 19th. Zacks Investment Research downgraded shares of Windstream Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $2.50 price target on shares of Windstream Holdings in a report on Thursday, September 7th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $2.40 price target (down previously from $5.00) on shares of Windstream Holdings in a report on Wednesday, August 23rd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Windstream Holdings has an average rating of “Hold” and an average price target of $4.08.
In other news, Director Anthony W. Thomas bought 25,381 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were acquired at an average cost of $1.97 per share, with a total value of $50,000.57. Following the completion of the transaction, the director now directly owns 637,006 shares in the company, valued at approximately $1,254,901.82. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan L. Wells bought 68,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was purchased at an average cost of $2.10 per share, for a total transaction of $142,800.00. Following the completion of the transaction, the director now owns 157,971 shares of the company’s stock, valued at $331,739.10. The disclosure for this purchase can be found here. Over the last three months, insiders bought 95,381 shares of company stock worth $196,901.
Windstream Holdings Company Profile
Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its ILEC Consumer and Small Business segment offers consumer services, including high-speed Internet access; Internet security services; online backup services; basic local telephone services and long-distance services, as well as call waiting, caller identification, call forwarding, and other services; and video services, as well as owns and operates cable television franchises, and sells and leases equipment to support its consumer high-speed Internet and voice services.
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