WideOpenWest (NYSE:WOW - Get Free Report) posted its earnings results on Monday. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.17), Briefing.com reports. The business had revenue of $158.00 million for the quarter, compared to the consensus estimate of $157.46 million. WideOpenWest had a negative return on equity of 12.57% and a negative net margin of 26.25%. The company's revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.29) earnings per share. WideOpenWest updated its FY 2024 guidance to EPS.
WideOpenWest Trading Up 2.5 %
Shares of NYSE WOW traded up $0.13 during mid-day trading on Monday, hitting $5.30. The stock had a trading volume of 432,228 shares, compared to its average volume of 582,210. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.62 and a current ratio of 0.62. WideOpenWest has a 1 year low of $2.31 and a 1 year high of $7.88. The business has a 50 day moving average price of $5.25 and a two-hundred day moving average price of $5.04. The firm has a market cap of $448.86 million, a P/E ratio of -2.48 and a beta of 1.49.
Wall Street Analyst Weigh In
Separately, Benchmark reduced their price target on shares of WideOpenWest from $8.00 to $7.50 and set a "buy" rating for the company in a research report on Monday, August 26th.
Get Our Latest Stock Analysis on WOW
About WideOpenWest
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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.
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