WidePoint Co. Forecasted to Post Q2 2024 Earnings of ($0.08) Per Share (NYSEAMERICAN:WYY)

WidePoint Co. (NYSEAMERICAN:WYY) – Research analysts at Litchfield Hills Research issued their Q2 2024 earnings per share (EPS) estimates for WidePoint in a note issued to investors on Monday, June 24th. Litchfield Hills Research analyst B. Sine expects that the technology company will post earnings per share of ($0.08) for the quarter. Litchfield Hills Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for WidePoint’s current full-year earnings is ($0.37) per share. Litchfield Hills Research also issued estimates for WidePoint’s Q3 2024 earnings at ($0.11) EPS, Q4 2024 earnings at ($0.10) EPS, FY2024 earnings at ($0.37) EPS, Q1 2025 earnings at ($0.11) EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.25) EPS, Q1 2026 earnings at ($0.06) EPS and FY2026 earnings at ($0.04) EPS.

Separately, StockNews.com began coverage on WidePoint in a research report on Sunday, June 16th. They issued a “hold” rating for the company.

WidePoint Trading Up 15.1 %

WYY stock opened at $4.19 on Thursday. The firm has a market capitalization of $39.01 million, a P/E ratio of -9.98 and a beta of 1.54. WidePoint has a 12-month low of $1.60 and a 12-month high of $4.24.

WidePoint (NYSEAMERICAN:WYY) last issued its quarterly earnings results on Wednesday, May 15th. The technology company reported ($0.07) earnings per share (EPS) for the quarter. WidePoint had a negative return on equity of 24.70% and a negative net margin of 3.26%. The firm had revenue of $34.21 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in WidePoint stock. Platform Technology Partners boosted its position in WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,753 shares of the technology company’s stock after acquiring an additional 20,000 shares during the period. Platform Technology Partners owned 0.53% of WidePoint worth $108,000 as of its most recent SEC filing. 22.60% of the stock is currently owned by hedge funds and other institutional investors.

WidePoint Company Profile

WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It offers TMaaS solutions through a secure federal government certified proprietary portal and secure enterprise portal that provides ability to manage, analyze, and protect communications assets, as well as deploys identity management solutions that provides secured virtual and physical access to restricted environments.