Altice USA (ATUS) Projected to Post Quarterly Earnings on Thursday

Altice USA (NYSE:ATUS) will likely be releasing its earnings data before the market opens on Thursday, February 13th. Analysts expect Altice USA to post earnings of $0.04 per share and revenue of $2.24 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Altice USA (NYSE:ATUS) last posted its earnings results on Monday, November 4th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the firm earned $0.15 earnings per share. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. On average, analysts expect Altice USA to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Altice USA Trading Up 2.7 %

ATUS stock opened at $2.81 on Thursday. The firm has a 50 day moving average of $2.60 and a 200-day moving average of $2.33. The firm has a market capitalization of $1.29 billion, a P/E ratio of -7.58 and a beta of 1.52. Altice USA has a 12 month low of $1.52 and a 12 month high of $3.18.

Insider Activity

In other Altice USA news, Director Alt S.A.R.L. Next sold 805,227 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $24.50, for a total transaction of $19,728,061.50. Following the completion of the sale, the director now directly owns 29,198,274 shares in the company, valued at $715,357,713. This represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 11,273,196 shares of company stock worth $276,193,302. 52.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Citigroup increased their price objective on Altice USA from $2.50 to $3.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. TD Cowen lowered their price target on Altice USA from $6.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $2.30.

Altice USA Company Profile

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to residential and business customers. The company's video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.