Windstream (NASDAQ:WIN) announced its quarterly earnings results on Thursday. The technology company reported ($2.57) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.58) by $0.01, Morningstar.com reports. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the firm earned ($2.75) EPS. Windstream’s quarterly revenue was down 5.1% compared to the same quarter last year.
WIN traded down $0.07 during midday trading on Friday, reaching $5.04. The company’s stock had a trading volume of 46,536 shares, compared to its average volume of 467,766. The stock has a market cap of $197.95 million, a PE ratio of -0.60 and a beta of 0.09. Windstream has a 1 year low of $3.03 and a 1 year high of $13.65.
Several brokerages recently issued reports on WIN. ValuEngine cut shares of Windstream from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research cut shares of Windstream from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Citigroup cut shares of Windstream from a “neutral” rating to a “sell” rating and set a $2.25 price target on the stock. in a research report on Wednesday, July 18th. Cowen reiterated a “buy” rating and set a $8.00 price target on shares of Windstream in a research report on Friday, August 10th. Finally, Bank of America reduced their price target on shares of Windstream from $7.50 to $4.50 and set an “underperform” rating on the stock in a research report on Monday, August 13th. Seven investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $4.98.
COPYRIGHT VIOLATION NOTICE: “Windstream (WIN) Releases Earnings Results” was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://sportsperspectives.com/2018/11/08/windstream-win-releases-quarterly-earnings-results-beats-expectations-by-3-55-eps.html.
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.
Further Reading: How is an ETF different from a mutual fund?
Receive News & Ratings for Windstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Windstream and related companies with MarketBeat.com's FREE daily email newsletter.