Windstream Holdings Inc (NYSE:WIN) – Research analysts at Jefferies Group reduced their Q3 2016 earnings per share (EPS) estimates for Windstream Holdings in a report issued on Tuesday. Jefferies Group analyst S. Goldman now anticipates that the brokerage will post earnings of ($0.52) per share for the quarter, down from their prior forecast of ($0.50). Jefferies Group has a “Sell” rating on the stock. Jefferies Group also issued estimates for Windstream Holdings’ Q4 2016 earnings at ($0.48) EPS, FY2016 earnings at ($3.46) EPS and FY2017 earnings at ($1.67) EPS.
A number of other brokerages have also recently issued reports on WIN. Zacks Investment Research raised shares of Windstream Holdings from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Monday, August 1st. Raymond James Financial Inc. reaffirmed an “underperform” rating on shares of Windstream Holdings in a report on Friday, August 5th. Cowen and Company assumed coverage on shares of Windstream Holdings in a report on Thursday. They issued a “market perform” rating and a $9.00 target price for the company. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $10.00 target price on shares of Windstream Holdings in a report on Tuesday, July 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $8.63.
Windstream Holdings (NYSE:WIN) traded up 1.56% during mid-day trading on Thursday, hitting $8.49. 504,726 shares of the stock traded hands. Windstream Holdings has a 12 month low of $4.75 and a 12 month high of $10.46. The company’s 50 day moving average is $9.21 and its 200 day moving average is $8.81. The company’s market cap is $817.28 million.
Windstream Holdings (NYSE:WIN) last posted its earnings results on Thursday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.36. The firm earned $1.36 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the company earned ($1.13) earnings per share. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.60 annualized dividend and a dividend yield of 7.18%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WIN. Nisa Investment Advisors LLC boosted its position in Windstream Holdings by 170.8% in the third quarter. Nisa Investment Advisors LLC now owns 58,666 shares of the company’s stock valued at $590,000 after buying an additional 37,000 shares during the last quarter. Atria Investments LLC bought a new position in Windstream Holdings during the third quarter valued at $139,000. Creative Planning boosted its position in Windstream Holdings by 4.0% in the third quarter. Creative Planning now owns 10,269 shares of the company’s stock valued at $103,000 after buying an additional 397 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Windstream Holdings by 2.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,323 shares of the company’s stock valued at $161,000 after buying an additional 447 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Windstream Holdings by 13.4% in the second quarter. Royal Bank of Canada now owns 88,700 shares of the company’s stock valued at $821,000 after buying an additional 10,466 shares during the last quarter.
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