WidePoint (NYSEAMERICAN:WYY) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

WidePoint (NYSEAMERICAN:WYY) announced its quarterly earnings data on Wednesday. The technology company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03, Zacks reports. WidePoint had a negative return on equity of 24.70% and a negative net margin of 3.26%. The business had revenue of $36.04 million during the quarter, compared to analysts’ expectations of $29.64 million.

WidePoint Stock Performance

Shares of WYY traded up $0.40 on Thursday, hitting $3.93. The company’s stock had a trading volume of 91,199 shares, compared to its average volume of 79,641. WidePoint has a fifty-two week low of $1.60 and a fifty-two week high of $4.55. The firm has a market capitalization of $36.59 million, a PE ratio of -9.36 and a beta of 1.69.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WYY. Litchfield Hills Research upgraded shares of WidePoint to a “strong-buy” rating in a report on Monday, June 24th. StockNews.com began coverage on shares of WidePoint in a research report on Sunday, June 16th. They issued a “hold” rating for the company.

About WidePoint

WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It offers TMaaS solutions through a secure federal government certified proprietary portal and secure enterprise portal that provides ability to manage, analyze, and protect communications assets, as well as deploys identity management solutions that provides secured virtual and physical access to restricted environments.