WideOpenWest (NYSE:WOW) Posts Earnings Results, Misses Expectations By $0.17 EPS

WideOpenWest (NYSE:WOW) issued its quarterly earnings results on Monday. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.17), Briefing.com reports. The firm had revenue of $158.00 million for the quarter, compared to analysts’ expectations of $157.46 million. WideOpenWest had a negative return on equity of 22.14% and a negative net margin of 14.17%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.29) earnings per share. WideOpenWest updated its FY 2024 guidance to EPS.

WideOpenWest Trading Up 0.2 %

WOW stock traded up $0.01 during trading on Thursday, reaching $5.66. 124,475 shares of the stock were exchanged, compared to its average volume of 584,920. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 4.04. The firm has a market capitalization of $479.35 million, a price-to-earnings ratio of -5.04 and a beta of 1.49. The business has a 50 day moving average price of $5.24 and a 200-day moving average price of $5.07. WideOpenWest has a 1 year low of $2.31 and a 1 year high of $7.88.

Analyst Ratings Changes

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

Insider Activity

In other news, CEO Teresa L. Elder sold 20,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $5.12, for a total transaction of $102,400.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate 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.