FY2024 EPS Estimates for WidePoint Cut by Analyst

WidePoint Co. (NYSEAMERICAN:WYY) – Research analysts at Litchfield Hills Research decreased their FY2024 earnings per share estimates for shares of WidePoint in a report issued on Monday, November 18th. Litchfield Hills Research analyst B. Sine now forecasts that the technology company will post earnings per share of ($0.24) for the year, down from their previous forecast of ($0.23). The consensus estimate for WidePoint’s current full-year earnings is ($0.26) per share. Litchfield Hills Research also issued estimates for WidePoint’s Q4 2024 earnings at ($0.07) EPS, Q1 2025 earnings at ($0.03) EPS, Q3 2025 earnings at ($0.13) EPS, Q4 2025 earnings at $0.00 EPS, FY2025 earnings at ($0.20) EPS, Q3 2026 earnings at ($0.10) EPS and FY2026 earnings at ($0.01) EPS.

Separately, HC Wainwright reissued a “buy” rating and set a $7.00 price objective on shares of WidePoint in a report on Thursday, November 14th.

WidePoint Stock Performance

Shares of NYSEAMERICAN WYY opened at $4.78 on Wednesday. WidePoint has a 52 week low of $1.65 and a 52 week high of $5.31. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $46.84 million, a price-to-earnings ratio of -15.77 and a beta of 1.65.

Insider Activity at WidePoint

In other WidePoint news, CFO Robert J. George sold 9,000 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $3.53, for a total value of $31,770.00. Following the completion of the transaction, the chief financial officer now owns 115,474 shares in the company, valued at approximately $407,623.22. This represents a 7.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders acquired 5,000 shares of company stock worth $17,000 and sold 10,750 shares worth $38,033. 14.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On WidePoint

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of WidePoint by 41.8% in the second quarter. Dimensional Fund Advisors LP now owns 61,058 shares of the technology company’s stock worth $256,000 after acquiring an additional 17,991 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in shares of WidePoint by 46.2% in the third quarter. Essex Investment Management Co. LLC now owns 46,152 shares of the technology company’s stock worth $163,000 after acquiring an additional 14,582 shares during the last quarter. Finally, Summit Financial Strategies Inc. grew its stake in shares of WidePoint by 170.5% in the second quarter. Summit Financial Strategies Inc. now owns 103,068 shares of the technology company’s stock worth $432,000 after acquiring an additional 64,963 shares during the last quarter. Institutional investors own 22.60% of the company’s stock.

About WidePoint

WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It offers TMaaS solutions through a secure federal government certified proprietary portal and secure enterprise portal that provides ability to manage, analyze, and protect communications assets, as well as deploys identity management solutions that provides secured virtual and physical access to restricted environments.