WidePoint Co. (NYSEAMERICAN:WYY) – B. Riley decreased their Q3 2018 earnings per share (EPS) estimates for WidePoint in a report released on Tuesday, May 15th, Zacks Investment Research reports. B. Riley analyst M. Crawford now anticipates that the technology company will earn $0.00 per share for the quarter, down from their previous forecast of $0.01. B. Riley also issued estimates for WidePoint’s Q4 2018 earnings at $0.00 EPS, FY2018 earnings at ($0.01) EPS and FY2019 earnings at $0.02 EPS.
Shares of WYY opened at $0.49 on Wednesday. WidePoint has a one year low of $0.40 and a one year high of $0.73.
WidePoint (NYSEAMERICAN:WYY) last released its earnings results on Monday, May 14th. The technology company reported ($0.01) EPS for the quarter. The firm had revenue of $20.08 million during the quarter, compared to the consensus estimate of $18.15 million. WidePoint had a negative net margin of 1.70% and a negative return on equity of 4.86%.
Several hedge funds have recently added to or reduced their stakes in the company. King Luther Capital Management Corp purchased a new position in shares of WidePoint during the first quarter valued at approximately $203,000. B. Riley Financial Inc. purchased a new position in shares of WidePoint during the first quarter valued at approximately $116,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of WidePoint during the fourth quarter valued at approximately $487,000.
WidePoint Corporation provides trusted mobility management (TM2) solutions to the government and commercial sectors in North America and Europe. It offers federally certified secure identity management and communications solutions through a proprietary portal. The company provides telecom lifecycle management solutions to corporations, governments, and not-for-profit organizations that provide visibility of telecom assets enabling clients to secure and manage the telecom assets; and telecom bill presentment analytical solutions, including bill presentment, subscriber data intelligence, and hosted voice analytics to communications service providers.
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