Wall Street brokerages predict that WideOpenWest Inc (NYSE:WOW) will announce $296.05 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for WideOpenWest’s earnings, with the lowest sales estimate coming in at $293.50 million and the highest estimate coming in at $298.60 million. The company is expected to announce its next quarterly earnings results after the market closes on Thursday, March 8th.
On average, analysts expect that WideOpenWest will report full year sales of $296.05 million for the current fiscal year. For the next financial year, analysts forecast that the business will report sales of $1.19 billion per share, with estimates ranging from $1.18 billion to $1.20 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for WideOpenWest.
Several equities research analysts have commented on the stock. SunTrust Banks reiterated a “buy” rating and issued a $18.00 price objective on shares of WideOpenWest in a research note on Tuesday, November 14th. Zacks Investment Research upgraded shares of WideOpenWest from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Thursday, November 16th. UBS Group decreased their price objective on shares of WideOpenWest from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, November 14th. Finally, Royal Bank of Canada decreased their price objective on shares of WideOpenWest from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $18.25.
In related news, EVP Catherine Kuo purchased 17,722 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was bought at an average price of $9.69 per share, for a total transaction of $171,726.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Donald Craig Martin purchased 15,320 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were bought at an average price of $9.79 per share, with a total value of $149,982.80. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 77,007 shares of company stock valued at $752,075.
Several hedge funds have recently modified their holdings of WOW. Wells Fargo & Company MN purchased a new stake in shares of WideOpenWest during the 2nd quarter worth approximately $274,000. Northern Trust Corp purchased a new stake in shares of WideOpenWest during the 2nd quarter worth approximately $1,790,000. Vanguard Group Inc. purchased a new stake in shares of WideOpenWest during the 2nd quarter worth approximately $20,356,000. Parametric Portfolio Associates LLC purchased a new stake in shares of WideOpenWest during the 2nd quarter worth approximately $956,000. Finally, Nationwide Fund Advisors increased its stake in shares of WideOpenWest by 9.1% during the 3rd quarter. Nationwide Fund Advisors now owns 120,052 shares of the company’s stock worth $1,810,000 after purchasing an additional 10,052 shares during the last quarter. Institutional investors own 55.24% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “WideOpenWest Inc (WOW) Expected to Announce Quarterly Sales of $296.05 Million” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://www.com-unik.info/2018/02/24/wideopenwest-inc-wow-expected-to-announce-quarterly-sales-of-296-05-million.html.
WideOpenWest, Inc is a cable operator in the United States. The Company provides high-speed data (HSD), cable television (Video), digital telephony (Telephony) and business-class services. The Company’s products are available either as a bundle or as an individual service to residential and business services customers.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for WideOpenWest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WideOpenWest and related companies with MarketBeat.com's FREE daily email newsletter.