Windstream (NASDAQ:WIN) announced its quarterly earnings results on Thursday. The technology company reported ($2.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.66) by $0.36, MarketWatch Earnings reports. Windstream had a negative net margin of 35.79% and a negative return on equity of 191.89%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the company earned ($1.85) earnings per share. Windstream’s quarterly revenue was down 3.2% on a year-over-year basis.
NASDAQ:WIN opened at $4.88 on Friday. Windstream has a one year low of $3.03 and a one year high of $13.65. The company has a debt-to-equity ratio of -7.87, a quick ratio of 0.66 and a current ratio of 0.73. The stock has a market cap of $159.57 million, a P/E ratio of -0.60 and a beta of -0.21.
WIN has been the topic of several research analyst reports. Cowen reiterated a “buy” rating and set a $8.00 price target on shares of Windstream in a research report on Friday. Zacks Investment Research upgraded shares of Windstream from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research report on Thursday, July 19th. ValuEngine upgraded shares of Windstream from a “hold” rating to a “buy” rating in a research report on Friday, June 8th. Morgan Stanley boosted their price target on shares of Windstream from $2.00 to $10.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 29th. Finally, Deutsche Bank boosted their price target on shares of Windstream from $2.00 to $10.00 and gave the company a “hold” rating in a research report on Wednesday, May 30th. Six investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $5.04.
Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its Consumer & Small Business segment offers services, including traditional local and long-distance voice services, and high-speed Internet services; and value-added services, such as security and online back-up.
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