WidePoint Co. Forecasted to Earn Q2 2024 Earnings of ($0.08) Per Share (NYSEAMERICAN:WYY)

WidePoint Co. (NYSEAMERICAN:WYY) – Investment analysts at Litchfield Hills Research issued their Q2 2024 EPS estimates for WidePoint in a research note issued to investors on Monday, June 24th. Litchfield Hills Research analyst B. Sine expects that the technology company will post earnings of ($0.08) per share for the quarter. Litchfield Hills Research currently has a “Strong-Buy” rating on the stock. Litchfield Hills Research also issued estimates for WidePoint’s Q3 2024 earnings at ($0.11) EPS, Q4 2024 earnings at ($0.10) EPS, FY2024 earnings at ($0.37) EPS, Q1 2025 earnings at ($0.11) EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.25) EPS, Q1 2026 earnings at ($0.06) EPS and FY2026 earnings at ($0.04) EPS.

Separately, StockNews.com assumed coverage on shares of WidePoint in a report on Sunday, June 16th. They issued a “hold” rating for the company.

WidePoint Stock Performance

Shares of WidePoint stock opened at $3.64 on Thursday. WidePoint has a 1-year low of $1.60 and a 1-year high of $4.15. The firm has a market cap of $33.89 million, a price-to-earnings ratio of -8.67 and a beta of 1.54.

WidePoint (NYSEAMERICAN:WYY) last released its quarterly earnings results on Wednesday, May 15th. The technology company reported ($0.07) earnings per share for the quarter. WidePoint had a negative net margin of 3.26% and a negative return on equity of 24.70%. The business had revenue of $34.21 million for the quarter.

Institutional Investors Weigh In On WidePoint

A hedge fund recently raised its stake in WidePoint stock. Platform Technology Partners lifted its holdings in WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,753 shares of the technology company’s stock after purchasing an additional 20,000 shares during the period. Platform Technology Partners owned about 0.53% of WidePoint worth $108,000 at the end of the most recent reporting period. 22.60% of the stock is owned by hedge funds and other 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.