Windstream Holdings (WIN) Releases Earnings Results, Misses Expectations By $-1.97 EPS

Windstream Holdings (WIN) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-2.52 earnings per share for the quarter, missing the analyst consensus estimate by $-1.97. Analysts had a consensus of $-0.55. The company posted revenue of $1373.40 million in the period, compared to analysts expectations of $1373.41 million. The company’s revenue was down -3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Many Wall Street Analysts have commented on Windstream Holdings. Company shares were Reiterated by Deutsche Bank on Apr 12, 2016 to “Hold”, Firm has raised the Price Target to $ 6.50 from a previous price target of $6 .Windstream Holdings was Downgraded by Raymond James to ” Mkt Perform” on Mar 1, 2016. Deutsche Bank Initiated Windstream Holdings on Feb 24, 2016 to “Hold”, Price Target of the shares are set at $6.

Windstream Holdings opened for trading at $8.66 and hit $9.47 on the upside on Wednesday, eventually ending the session at $9.31, with a gain of 7.13% or 0.62 points. The heightened volatility saw the trading volume jump to 43,90,899 shares. Company has a market cap of $852 M.

In a different news, on Nov 19, 2015, William Acker Montgomery (director) purchased 32,000 shares at $5.73 per share price. According to the SEC, on Aug 17, 2015, Michael G. Stoltz (director) purchased 5,000 shares at $6.71 per share price. On Jul 1, 2015, Alan L Wells (director) purchased 15,000 shares at $6.38 per share price, according to the Form-4 filing with the securities and exchange commission.

Windstream Holdings

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