Q3 2018 EPS Estimates for WidePoint Co. Cut by Analyst (NYSEAMERICAN:WYY)

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.

About WidePoint

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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Earnings History and Estimates for WidePoint (NYSEAMERICAN:WYY)

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