WideOpenWest (NYSE:WOW) Releases Earnings Results, Misses Expectations By $0.17 EPS

WideOpenWest (NYSE:WOW) posted its quarterly earnings results on Monday. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.17), Briefing.com reports. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.14%. The company had revenue of $158.00 million during the quarter, compared to analyst estimates of $157.46 million. During the same period in the prior year, the business earned ($1.29) EPS. WideOpenWest’s revenue for the quarter was down 8.7% on a year-over-year basis. WideOpenWest updated its FY 2024 guidance to EPS.

WideOpenWest Stock Performance

NYSE WOW traded up $0.01 during trading hours on Thursday, hitting $5.66. 124,475 shares of the stock were exchanged, compared to its average volume of 584,920. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 4.04. The company has a market cap of $479.35 million, a price-to-earnings ratio of -5.04 and a beta of 1.49. WideOpenWest has a 12-month low of $2.31 and a 12-month high of $7.88. The stock has a 50-day moving average of $5.24 and a 200 day moving average of $5.07.

Wall Street Analyst Weigh In

Separately, Benchmark reduced their price target on shares of WideOpenWest from $8.00 to $7.50 and set a “buy” rating for the company in a research report on Monday, August 26th.

Insider Buying and Selling at WideOpenWest

In other news, CEO Teresa L. Elder sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $5.12, for a total value of $102,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,535,787 shares of the company’s stock, valued at $7,863,229.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.00% of the stock is owned by corporate insiders.

About WideOpenWest

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.