WidePoint (NYSEAMERICAN:WYY) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

WidePoint (NYSEAMERICAN:WYY) released its quarterly earnings data on Wednesday. The technology company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03, Zacks reports. The company had revenue of $36.04 million during the quarter, compared to the consensus estimate of $29.64 million. WidePoint had a negative return on equity of 24.70% and a negative net margin of 3.26%.

WidePoint Trading Up 11.3 %

Shares of WYY traded up $0.40 during midday trading on Thursday, reaching $3.93. 91,199 shares of the stock were exchanged, compared to its average volume of 79,641. WidePoint has a 52 week low of $1.60 and a 52 week high of $4.55. The company has a market capitalization of $36.59 million, a price-to-earnings ratio of -9.21 and a beta of 1.69.

Analyst Upgrades and Downgrades

WYY has been the subject of a number of recent research reports. Litchfield Hills Research upgraded WidePoint to a “strong-buy” rating in a research note on Monday, June 24th. StockNews.com assumed coverage on WidePoint in a report on Sunday, June 16th. They issued a “hold” rating on the stock.

WidePoint Company Profile

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.