Q3 Earnings Estimate for WidePoint Issued By HC Wainwright

WidePoint Co. (NYSEAMERICAN:WYY) – Equities research analysts at HC Wainwright issued their Q3 2024 EPS estimates for WidePoint in a research note issued to investors on Thursday, October 24th. HC Wainwright analyst S. Buck anticipates that the technology company will post earnings per share of ($0.07) for the quarter. HC Wainwright has a “Buy” rating and a $7.00 price target on the stock. The consensus estimate for WidePoint’s current full-year earnings is ($0.28) per share. HC Wainwright also issued estimates for WidePoint’s Q4 2024 earnings at ($0.13) EPS, FY2024 earnings at ($0.32) EPS and FY2025 earnings at $0.01 EPS.

WidePoint Trading Up 3.7 %

WYY opened at $3.68 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.06 and a current ratio of 1.06. WidePoint has a 1-year low of $1.64 and a 1-year high of $4.55. The company has a market capitalization of $35.51 million, a price-to-earnings ratio of -9.95 and a beta of 1.65.

WidePoint (NYSEAMERICAN:WYY) last issued its earnings results on Wednesday, August 14th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. WidePoint had a negative net margin of 2.74% and a negative return on equity of 23.31%. The company had revenue of $36.04 million for the quarter, compared to analysts’ expectations of $29.64 million.

Insiders Place Their Bets

In other WidePoint news, CFO Robert J. George sold 9,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $3.53, for a total value of $31,770.00. Following the transaction, the chief financial officer now directly owns 115,474 shares in the company, valued at approximately $407,623.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have acquired 5,000 shares of company stock worth $17,000 and have sold 14,750 shares worth $52,833. Insiders own 14.60% of the company’s stock.

Institutional Trading of WidePoint

Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in WidePoint by 41.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 61,058 shares of the technology company’s stock worth $256,000 after purchasing an additional 17,991 shares in the last quarter. Essex Investment Management Co. LLC lifted its stake in WidePoint by 46.2% in the 3rd quarter. Essex Investment Management Co. LLC now owns 46,152 shares of the technology company’s stock worth $163,000 after purchasing an additional 14,582 shares in the last quarter. Finally, Summit Financial Strategies Inc. lifted its stake in WidePoint by 170.5% in the 2nd quarter. Summit Financial Strategies Inc. now owns 103,068 shares of the technology company’s stock worth $432,000 after purchasing an additional 64,963 shares in the last quarter. 22.60% of the stock is currently owned by institutional investors.

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.