WideOpenWest (NYSE:WOW) Releases Earnings Results

WideOpenWest (NYSE:WOW) announced its quarterly earnings data on Monday. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.17), Briefing.com reports. WideOpenWest had a negative return on equity of 22.14% and a negative net margin of 14.17%. The firm had revenue of $158.00 million during the quarter, compared to analysts’ expectations of $157.46 million. During the same period last year, the company earned ($1.29) earnings per share. The business’s revenue for the quarter was down 8.7% on a year-over-year basis. WideOpenWest updated its FY 2024 guidance to EPS.

WideOpenWest Price Performance

NYSE WOW traded up $0.12 on Wednesday, reaching $5.65. The company had a trading volume of 997,866 shares, compared to its average volume of 587,062. The stock has a market capitalization of $478.50 million, a PE ratio of -5.00 and a beta of 1.49. WideOpenWest has a 12 month low of $2.31 and a 12 month high of $7.88. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 4.04. The firm’s 50 day moving average price is $5.24 and its 200 day moving average price is $5.07.

Wall Street Analysts Forecast Growth

Separately, Benchmark dropped their price objective on WideOpenWest from $8.00 to $7.50 and set a “buy” rating for the company in a research note on Monday, August 26th.

Insider Buying and Selling at WideOpenWest

In other news, CEO Teresa L. Elder sold 20,000 shares of WideOpenWest stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $5.12, for a total value of $102,400.00. Following the sale, the chief executive officer now directly owns 1,535,787 shares of the company’s stock, valued at approximately $7,863,229.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.00% of the company’s stock.

WideOpenWest Company Profile

WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. The company's video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; WOW tv+ that offers traditional cable video and cloud DVR functionality, voice remote with Google Assistant, and Netflix integration along with access to various streaming services and apps through the Google Play Store; and commercial-free movies, TV shows, sports, and other special event entertainment programs.