Equities analysts expect Windstream Holdings Inc (NYSE:WIN) to post sales of $1.51 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Windstream Holdings’ earnings. The lowest sales estimate is $1.48 billion and the highest is $1.53 billion. Windstream Holdings posted sales of $1.34 billion during the same quarter last year, which suggests a positive year over year growth rate of 12.7%. The firm is expected to report its next earnings results on Monday, November 6th.
According to Zacks, analysts expect that Windstream Holdings will report full-year sales of $1.51 billion for the current year, with estimates ranging from $5.87 billion to $6.07 billion. For the next fiscal year, analysts forecast that the firm will post sales of $5.87 billion per share, with estimates ranging from $5.78 billion to $5.96 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Windstream Holdings.
Windstream Holdings (NYSE:WIN) last issued its earnings results on Thursday, August 3rd. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.08. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $0.01 EPS. The company’s revenue was up 9.7% compared to the same quarter last year.
Several research analysts have weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $5.00 price target (down from $9.00) on shares of Windstream Holdings in a research report on Wednesday, June 14th. Jefferies Group LLC reiterated a “hold” rating and issued a $2.50 price target on shares of Windstream Holdings in a research report on Thursday. Zacks Investment Research upgraded shares of Windstream Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Deutsche Bank AG decreased their price target on shares of Windstream Holdings from $7.00 to $3.00 and set a “hold” rating on the stock in a research report on Tuesday, August 8th. Finally, Citigroup Inc. decreased their price target on shares of Windstream Holdings from $5.25 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, July 13th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $4.65.
Shares of Windstream Holdings (NYSE:WIN) traded down 6.98% during midday trading on Thursday, reaching $2.00. 6,604,984 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $2.52 and a 200-day moving average of $4.50. Windstream Holdings has a one year low of $1.87 and a one year high of $10.45. The stock’s market cap is $381.66 million.
Windstream Holdings declared that its board has authorized a stock buyback program on Thursday, August 3rd that allows the company to repurchase $90.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 19.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
In other news, Director Alan L. Wells acquired 68,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average cost of $2.10 per share, for a total transaction of $142,800.00. Following the transaction, the director now directly owns 157,971 shares of the company’s stock, valued at $331,739.10. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Anthony W. Thomas acquired 25,381 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average price of $1.97 per share, for a total transaction of $50,000.57. Following the completion of the transaction, the director now directly owns 637,006 shares in the company, valued at $1,254,901.82. The disclosure for this purchase can be found here. Insiders acquired 95,381 shares of company stock worth $196,901 over the last quarter.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Windstream Holdings by 90.4% during the 1st quarter. Vanguard Group Inc. now owns 29,720,851 shares of the company’s stock valued at $161,979,000 after purchasing an additional 14,107,517 shares during the period. BlackRock Inc. raised its position in shares of Windstream Holdings by 61,577.1% during the 1st quarter. BlackRock Inc. now owns 19,160,595 shares of the company’s stock valued at $104,426,000 after purchasing an additional 19,129,529 shares during the period. Renaissance Technologies LLC raised its position in shares of Windstream Holdings by 137.1% during the 1st quarter. Renaissance Technologies LLC now owns 10,854,236 shares of the company’s stock valued at $59,156,000 after purchasing an additional 6,276,636 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Windstream Holdings by 278.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,373,705 shares of the company’s stock valued at $29,286,000 after purchasing an additional 3,953,429 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Windstream Holdings by 61.1% during the 1st quarter. JPMorgan Chase & Co. now owns 5,334,858 shares of the company’s stock valued at $29,076,000 after purchasing an additional 2,023,641 shares during the period.
Windstream Holdings Company Profile
Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its ILEC Consumer and Small Business segment offers consumer services, including high-speed Internet access; Internet security services; online backup services; basic local telephone services and long-distance services, as well as call waiting, caller identification, call forwarding, and other services; and video services, as well as owns and operates cable television franchises, and sells and leases equipment to support its consumer high-speed Internet and voice services.
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