WideOpenWest (WOW) Releases Earnings Results, Beats Expectations By $0.14 EPS

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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.

WOW has been the subject of a number of recent research reports. B. Riley set a $16.00 target price on WideOpenWest and gave the stock a “buy” rating in a research report on Friday. Credit Suisse Group boosted their target price on WideOpenWest from $10.50 to $11.50 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Zacks Investment Research upgraded WideOpenWest from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Wednesday, August 15th. Raymond James restated a “buy” rating and issued a $14.00 target price on shares of WideOpenWest in a research report on Monday, August 20th. Finally, ValuEngine upgraded WideOpenWest from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.21.

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About WideOpenWest

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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Earnings History for WideOpenWest (NYSE:WOW)

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