WideOpenWest (WOW) Scheduled to Post Quarterly Earnings on Thursday

WideOpenWest (NYSE:WOW) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

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

WideOpenWest Price Performance

Shares of WOW stock traded up $0.11 during trading hours on Tuesday, hitting $5.11. 418,479 shares of the company’s stock were exchanged, compared to its average volume of 608,321. The stock’s 50-day moving average is $5.16 and its 200-day moving average is $4.27. The company has a debt-to-equity ratio of 3.89, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market cap of $432.15 million, a price-to-earnings ratio of -1.53 and a beta of 1.53. WideOpenWest has a 52 week low of $2.31 and a 52 week high of $8.43.

Analysts Set New Price Targets

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

Insider Transactions at WideOpenWest

In other WideOpenWest news, insider Don Schena sold 10,000 shares of WideOpenWest stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $5.29, for a total value of $52,900.00. Following the transaction, the insider now owns 276,413 shares in the company, valued at $1,462,224.77. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Teresa L. Elder sold 20,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $5.29, for a total transaction of $105,800.00. Following the sale, the chief executive officer now owns 1,575,787 shares in the company, valued at approximately $8,335,913.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Don Schena sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $5.29, for a total value of $52,900.00. Following the completion of the transaction, the insider now directly owns 276,413 shares of the company’s stock, valued at approximately $1,462,224.77. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,000 shares of company stock valued at $263,300. Company insiders own 4.00% of the company’s stock.

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.