Analysts Offer Predictions for WidePoint Co.’s Q2 2024 Earnings (NYSEAMERICAN:WYY)

WidePoint Co. (NYSEAMERICAN:WYY) – Investment analysts at Litchfield Hills Research issued their Q2 2024 earnings per share (EPS) estimates for WidePoint in a research note issued on Monday, June 24th. Litchfield Hills Research analyst B. Sine anticipates 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 began coverage on WidePoint in a research note on Sunday, June 16th. They issued a “hold” rating for the company.

WidePoint Price Performance

NYSEAMERICAN WYY opened at $3.49 on Thursday. WidePoint has a 12 month low of $1.60 and a 12 month high of $4.15.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in WidePoint stock. Platform Technology Partners lifted its position in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,753 shares of the technology company’s stock after buying 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 quarter. 22.60% of the stock is owned by institutional investors.

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.