Windstream (WIN) Releases Earnings Results

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.

Institutional investors and hedge funds have recently made changes to their positions in the business. CQS Cayman LP bought a new position in shares of Windstream in the third quarter worth approximately $4,967,000. Bank of New York Mellon Corp lifted its stake in shares of Windstream by 19.1% in the third quarter. Bank of New York Mellon Corp now owns 594,075 shares of the technology company’s stock worth $2,910,000 after buying an additional 95,219 shares in the last quarter. Algert Global LLC bought a new position in shares of Windstream in the second quarter worth approximately $1,086,000. Allianz Asset Management GmbH lifted its stake in shares of Windstream by 133.2% in the first quarter. Allianz Asset Management GmbH now owns 197,598 shares of the technology company’s stock worth $279,000 after buying an additional 112,870 shares in the last quarter. Finally, American Century Companies Inc. bought a new position in shares of Windstream in the third quarter worth approximately $842,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

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About Windstream

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.

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Earnings History for Windstream (NASDAQ:WIN)

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