Share Buyback Program Announced by Windstream Holdings (WIN) Board

Marco Green
November 14, 2017

The company has mean EPS estimate of -0.34 reported by 7 number of analyst for the quarter ending Current Qtr.(Dec2017).

Windstream Holdings (NYSE:WIN) last posted its quarterly earnings results on Thursday, November 9th. The company reported the earnings of $-0.55/Share in the last quarter where the estimated EPS by analysts was $-0.42/share.

9 analysts on average are expecting the company to report revenue of $1.5 Billion for the current quarter. During the same quarter in the prior year, the business earned ($0.72) earnings per share. The co's performance for 6 months was plunged of -53.00%, 1-year performance stands at -70.61% and year to date showing moved down performance of -72.17%. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and global copyright & trademark law. These shares are worth $50,001 and were traded at $1.97 each.

The company reported its EPS on 9/29/2017. BidaskClub upgraded shares of Windstream Holdings from a "sell" rating to a "hold" rating in a report on Monday, July 31st.

The consensus recommendation, according to Zacks Investment research, is 2.8.

Insider Trades for Windstream Holdings, Inc. show that the latest trade was made on 16 Aug 2017 where Thomas (Anthony W), the Chief Executive Officer completed a transaction type "Buy" in which 25381 shares were traded at a price of $1.97. Also, there are 1 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.8 average brokerage recommendation.

Windstream Holdings, Inc. (WIN) has the market capitalization of $363.85 Million. The company's market cap is $424.38 Million, and the average volume is 4.25 Million.

An institutional investor recently raised its position in Windstream Holdings stock. Amalgamated Bank lifted its stake in shares of Windstream Holdings by 87.7% during the 1st quarter. The firm owned 177,379 shares of the technology company's stock after acquiring an additional 116,767 shares during the period. According to these analysts, the Low Revenue Estimate for Windstream Holdings, 1.46 Billion and the High Revenue Estimate is 1.53 Billion. ValuEngine downgraded shares of Windstream Holdings from a "sell" rating to a "strong sell" rating in a research report on Monday, October 2nd. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time.

While having a peek at profitability ratios Windstream Hldgs Inc (NASDAQ:WIN) has trailing twelve month gross margin at 47.6%, its trailing twelve month operating margin stands at 7.2% whereas its trailing twelve month net profit margin spots at -4.7%. Institutional investors and hedge funds own 62.89% of the company's stock. Shares buyback plans are often a sign that the company's leadership believes its stock is undervalued. The most optimistic analyst sees the stock reaching $4 while the most conventional has $1.5 target price. The SEC filing shows that Armitage Carol B performed a purchase of 2,000 shares.

ILLEGAL ACTIVITY WARNING: "Share Buyback Program Announced by Windstream Holdings (WIN) Board" was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. This buyback authorization allows the company to repurchase up to 19.9% of its shares through open market purchases. Future earnings predictions are perhaps the most essential input when trying to value a company.

Windstream Holdings, Inc provides network communications and technology solutions in the United States.

Other reports by Click Lancashire

Discuss This Article