WideOpenWest (WOW) to Release Quarterly Earnings on Thursday

WideOpenWest (NYSE:WOW) will announce its earnings results after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter.

WideOpenWest (NYSE:WOW) last announced its earnings results on Tuesday, May 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.03). WideOpenWest had a negative net margin of 39.16% and a negative return on equity of 7.43%. The firm had revenue of $161.50 million for the quarter, compared to analyst estimates of $161.40 million. During the same period last year, the firm earned ($0.46) earnings per share. WideOpenWest’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, analysts expect WideOpenWest to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

WideOpenWest Stock Performance

Shares of WOW stock opened at $5.22 on Friday. The stock’s fifty day simple moving average is $5.14 and its 200-day simple moving average is $4.23. The company has a market capitalization of $441.46 million, a price-to-earnings ratio of -1.60 and a beta of 1.53. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 3.89. WideOpenWest has a 1-year low of $2.31 and a 1-year high of $8.49.

Insider Transactions at WideOpenWest

In related news, CEO Teresa L. Elder sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $5.23, for a total value of $104,600.00. Following the completion of the sale, the chief executive officer now owns 1,595,787 shares of the company’s stock, valued at approximately $8,345,966.01. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James reiterated an “underperform” rating on shares of WideOpenWest in a research note on Tuesday, July 2nd.

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.