WideOpenWest (NYSE:WOW) Announces Earnings Results

WideOpenWest (NYSE:WOW) announced its quarterly earnings data on Tuesday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03), Briefing.com reports. The business had revenue of $161.50 million during the quarter, compared to analyst estimates of $161.40 million. WideOpenWest had a negative net margin of 41.90% and a negative return on equity of 12.32%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.46) earnings per share.

WideOpenWest Stock Up 1.7 %

WideOpenWest stock traded up $0.08 during trading on Wednesday, hitting $4.72. 697,171 shares of the company were exchanged, compared to its average volume of 677,607. The company has a market capitalization of $393.22 million, a P/E ratio of -1.31 and a beta of 1.39. The business’s 50 day moving average is $3.59 and its 200 day moving average is $4.02. WideOpenWest has a 52 week low of $2.31 and a 52 week high of $9.06. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 3.55.

Insiders Place Their Bets

In related news, insider Don Schena sold 10,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $5.00, for a total transaction of $50,000.00. Following the transaction, the insider now directly owns 286,413 shares in the company, valued at $1,432,065. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other WideOpenWest news, insider Don Schena sold 10,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $5.00, for a total value of $50,000.00. Following the completion of the transaction, the insider now owns 286,413 shares in the company, valued at approximately $1,432,065. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Teresa L. Elder sold 19,111 shares of WideOpenWest stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $5.00, for a total value of $95,555.00. Following the sale, the chief executive officer now owns 1,636,676 shares in the company, valued at $8,183,380. The disclosure for this sale can be found here. Insiders have sold 30,000 shares of company stock valued at $150,009 in the last three months. 4.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

WOW has been the subject of several recent analyst reports. Raymond James downgraded shares of WideOpenWest from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Benchmark reiterated a “buy” rating and set a $8.00 price objective on shares of WideOpenWest in a report on Thursday, March 14th.

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. The company's video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; WOW tv+ that offers traditional cable video and cloud DVR functionality, voice remote with Google Assistant, and Netflix integration along with access to various streaming services and apps through the Google Play Store; and commercial-free movies, TV shows, sports, and other special event entertainment programs.