Windstream Holdings Inc Expected to Post FY2021 Earnings of ($0.70) Per Share (WIN)

Windstream Holdings Inc (NYSE:WIN) – Equities research analysts at Gabelli issued their FY2021 earnings estimates for Windstream Holdings in a report released on Tuesday. Gabelli analyst S. Dluzhevskiy expects that the company will post earnings per share of ($0.70) for the year.

A number of other equities research analysts have also weighed in on the stock. Goldman Sachs Group Inc reiterated a “sell” rating and set a $4.50 target price on shares of Windstream Holdings in a research note on Wednesday, March 22nd. Citigroup Inc decreased their target price on shares of Windstream Holdings from $8.50 to $7.00 and set a “neutral” rating for the company in a research note on Monday, March 20th. JPMorgan Chase & Co. began coverage on shares of Windstream Holdings in a research note on Wednesday, March 15th. They set a “neutral” rating and a $7.00 target price for the company. Deutsche Bank AG decreased their target price on shares of Windstream Holdings from $8.50 to $7.00 and set a “hold” rating for the company in a research note on Tuesday, March 14th. Finally, Zacks Investment Research lowered shares of Windstream Holdings from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $7.21.

Earnings History and Estimates for Windstream Holdings (NYSE:WIN)

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Shares of Windstream Holdings (NYSE:WIN) traded down 0.18% during mid-day trading on Thursday, hitting $5.61. The stock had a trading volume of 1,474,888 shares. The firm’s market cap is $545.79 million. The stock’s 50-day moving average price is $5.96 and its 200-day moving average price is $7.29. Windstream Holdings has a 52-week low of $5.16 and a 52-week high of $10.45.

Windstream Holdings (NYSE:WIN) last announced its quarterly earnings results on Wednesday, March 1st. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.63) by $0.31. The business earned $1.31 billion during the quarter, compared to analyst estimates of $1.34 billion. The business’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 EPS.

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in Windstream Holdings by 23.4% in the fourth quarter. Renaissance Technologies LLC now owns 4,577,600 shares of the company’s stock valued at $33,554,000 after buying an additional 868,400 shares during the period. Two Sigma Investments LP raised its stake in Windstream Holdings by 2,297.8% in the fourth quarter. Two Sigma Investments LP now owns 834,741 shares of the company’s stock valued at $6,119,000 after buying an additional 799,928 shares during the period. Norges Bank bought a new stake in Windstream Holdings during the fourth quarter valued at approximately $2,596,000. State Street Corp raised its stake in Windstream Holdings by 12.5% in the fourth quarter. State Street Corp now owns 2,174,588 shares of the company’s stock valued at $15,936,000 after buying an additional 241,378 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Windstream Holdings by 6.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,506,576 shares of the company’s stock valued at $35,241,000 after buying an additional 210,997 shares during the period.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were paid a $0.15 dividend. The ex-dividend date was Wednesday, March 29th. This represents a $0.60 annualized dividend and a dividend yield of 10.70%.

5 Day Chart for NYSE:WIN

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