Brokerages AwaitTowerstream Corp. (TWER) to Announce ($0.79) EPS

Brokerages AwaitTowerstream Corp. (TWER) to Announce ($0.79) EPS

Towerstream Corp. (NASDAQ:TWER) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus target price of $2.00 for the company and are forecasting that the company will post ($0.79) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Towerstream Corp. an industry rank of 34 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered shares of Towerstream Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, January 18th.

Shares of Towerstream Corp. (NASDAQ:TWER) traded down 2.56% during mid-day trading on Wednesday, reaching $0.19. The company’s stock had a trading volume of 48,142 shares. Towerstream Corp. has a 12 month low of $0.16 and a 12 month high of $11.40. The company has a 50 day moving average price of $0.20 and a 200 day moving average price of $1.24. The stock’s market capitalization is $1.68 million.

Towerstream Corp. (NASDAQ:TWER) last issued its quarterly earnings results on Monday, November 14th. The company reported ($1.00) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.19) by $0.19. Towerstream Corp. had a negative net margin of 115.28% and a negative return on equity of 1,151.39%. On average, equities research analysts anticipate that Towerstream Corp. will post ($4.88) earnings per share for the current fiscal year.

Towerstream Corp. Company Profile

Towerstream Corporation is a provider of fixed wireless services to businesses in over 10 urban markets across the United States. The Company operates through Fixed Wireless Services (Fixed Wireless) segment. Its fixed wireless service supports bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data and video services.

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