WideOpenWest (NYSE:WOW) issued its quarterly earnings results on Thursday. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.14, Zacks reports. The firm had revenue of $291.60 million during the quarter, compared to the consensus estimate of $292.65 million. WideOpenWest had a negative return on equity of 5.46% and a negative net margin of 8.17%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the company posted $0.37 EPS.
NYSE:WOW traded up $0.50 during mid-day trading on Friday, reaching $10.88. The stock had a trading volume of 691,017 shares, compared to its average volume of 226,317. The company has a market capitalization of $862.10 million, a price-to-earnings ratio of 15.77 and a beta of 1.73. WideOpenWest has a one year low of $6.03 and a one year high of $12.91.
A hedge fund recently raised its stake in WideOpenWest stock. Bank of New York Mellon Corp raised its stake in WideOpenWest Inc (NYSE:WOW) by 12.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 325,638 shares of the company’s stock after purchasing an additional 35,410 shares during the quarter. Bank of New York Mellon Corp owned 0.39% of WideOpenWest worth $3,146,000 at the end of the most recent quarter. 61.38% of the stock is owned by institutional investors.
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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