Media stories about Windstream Holdings (NYSE:WIN) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Windstream Holdings earned a news impact score of 0.07 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 48.2215143361834 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s scoring:
- Edited Transcript of WIN earnings conference call or presentation 9-Nov-17 1:30pm GMT (finance.yahoo.com)
- Jefferies Group Weighs in on Windstream Holdings Inc’s FY2019 Earnings (WIN) (americanbankingnews.com)
- Windstream (WIN) Misses Q3 Earnings & Revenue Estimates (finance.yahoo.com)
- Windstream Holdings, Inc. breached its 50 day moving average in a Bullish Manner : WIN-US : November 10, 2017 (finance.yahoo.com)
- Windstream Holdings Inc (WIN) Price Target Cut to $2.25 by Analysts at Citigroup Inc. (americanbankingnews.com)
Windstream Holdings (WIN) opened at $2.12 on Wednesday.
Windstream Holdings (NYSE:WIN) last announced its earnings results on Thursday, November 9th. The company reported ($0.55) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.15). The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the company earned ($0.72) earnings per share.
Windstream Holdings announced that its Board of Directors has authorized a stock buyback plan on Thursday, August 3rd that permits the company to buyback $90.00 million in shares. This buyback authorization permits the company to reacquire up to 19.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.
A number of equities analysts recently issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $2.50 price target on shares of Windstream Holdings in a research note on Thursday, September 7th. Zacks Investment Research raised shares of Windstream Holdings from a “sell” rating to a “buy” rating and set a $2.25 price target for the company in a research note on Thursday, October 12th. BidaskClub downgraded shares of Windstream Holdings from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Cowen and Company reissued a “buy” rating on shares of Windstream Holdings in a research note on Thursday, October 19th. Finally, UBS AG reaffirmed a “sell” rating and set a $2.00 target price (down previously from $4.00) on shares of Windstream Holdings in a research note on Monday, August 14th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.42.
In other news, Director Anthony W. Thomas purchased 25,381 shares of Windstream Holdings stock in a transaction that occurred on Thursday, August 17th. The stock was bought at an average price of $1.97 per share, with a total value of $50,000.57. Following the completion of the transaction, the director now directly owns 637,006 shares of the company’s stock, valued at $1,254,901.82. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Windstream Holdings Company Profile
Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its ILEC Consumer and Small Business segment offers consumer services, including high-speed Internet access; Internet security services; online backup services; basic local telephone services and long-distance services, as well as call waiting, caller identification, call forwarding, and other services; and video services, as well as owns and operates cable television franchises, and sells and leases equipment to support its consumer high-speed Internet and voice services.
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