Windstream (WIN) Issues Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Windstream (NASDAQ:WIN) posted its quarterly earnings results on Thursday, May 3rd. The technology company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by ($0.06), MarketWatch Earnings reports. Windstream had a negative net margin of 35.79% and a negative return on equity of 191.89%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the business earned ($0.89) EPS. Windstream’s revenue was up 6.5% on a year-over-year basis.

NASDAQ:WIN traded down $0.01 during trading hours on Friday, hitting $1.45. 25,577 shares of the company’s stock traded hands, compared to its average volume of 2,427,837. The firm has a market capitalization of $294.59 million, a price-to-earnings ratio of -0.91 and a beta of 0.14. Windstream has a 52 week low of $1.41 and a 52 week high of $1.45. The company has a debt-to-equity ratio of -7.87, a quick ratio of 0.66 and a current ratio of 0.73.

In other Windstream news, Director Michael G. Stoltz sold 29,734 shares of Windstream stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $1.58, for a total transaction of $46,979.72. Following the completion of the sale, the director now owns 136,212 shares of the company’s stock, valued at $215,214.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.95% of the company’s stock.



A number of large investors have recently made changes to their positions in WIN. JPMorgan Chase & Co. increased its holdings in Windstream by 1,151.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,228,135 shares of the technology company’s stock valued at $8,781,000 after purchasing an additional 5,730,564 shares during the period. California Public Employees Retirement System boosted its position in Windstream by 38.0% during the 4th quarter. California Public Employees Retirement System now owns 2,322,351 shares of the technology company’s stock valued at $4,296,000 after acquiring an additional 639,627 shares in the last quarter. Tibra Equities Europe Ltd bought a new stake in Windstream during the 1st quarter valued at approximately $819,000. Royce & Associates LP boosted its position in Windstream by 17.7% during the 4th quarter. Royce & Associates LP now owns 2,762,415 shares of the technology company’s stock valued at $5,110,000 after acquiring an additional 415,663 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Windstream by 148.1% during the 4th quarter. Wells Fargo & Company MN now owns 652,756 shares of the technology company’s stock valued at $1,208,000 after acquiring an additional 389,632 shares in the last quarter. Institutional investors own 54.80% of the company’s stock.

WIN has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Windstream from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. BidaskClub cut Windstream from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 23rd. Morgan Stanley decreased their price target on Windstream from $2.40 to $2.00 and set an “equal weight” rating for the company in a research note on Monday, March 19th. Guggenheim initiated coverage on Windstream in a research report on Tuesday, March 13th. They set a “sell” rating and a $1.35 target price on the stock. Finally, ValuEngine lowered Windstream from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 7th. Five equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $1.96.

Windstream Company Profile

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.

Earnings History for Windstream (NASDAQ:WIN)

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