WideOpenWest (NYSE:WOW) Issues Earnings Results, Misses Estimates By $0.17 EPS

WideOpenWest (NYSE:WOW) issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $157.46 million. During the same quarter last year, the company earned ($1.29) earnings per share. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. WideOpenWest updated its FY 2024 guidance to EPS.

WideOpenWest Trading Up 2.2 %

WOW stock traded up $0.12 during midday trading on Wednesday, reaching $5.65. 997,866 shares of the company traded hands, compared to its average volume of 587,062. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.62 and a current ratio of 0.62. The business has a 50 day moving average of $5.24 and a 200-day moving average of $5.07. WideOpenWest has a 52-week low of $2.31 and a 52-week high of $7.88. The firm has a market capitalization of $478.50 million, a price-to-earnings ratio of -5.00 and a beta of 1.49.

Insider Transactions at WideOpenWest

In other news, CEO Teresa L. Elder sold 20,000 shares of the 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 sale, the chief executive officer now directly owns 1,535,787 shares in the company, valued at approximately $7,863,229.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark decreased their price objective on WideOpenWest from $8.00 to $7.50 and set a “buy” rating on the stock in a research report on Monday, August 26th.

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.