Zacks Research Has Positive Outlook of OPTU FY2028 Earnings

Optimum Communications, Inc. (NYSE:OPTU) – Research analysts at Zacks Research lifted their FY2028 earnings per share estimates for Optimum Communications in a research note issued on Thursday, March 19th. Zacks Research analyst Team now anticipates that the company will post earnings per share of ($0.68) for the year, up from their previous estimate of ($0.69). Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Optimum Communications’ current full-year earnings is ($0.24) per share.

Optimum Communications (NYSE:OPTU) last announced its earnings results on Thursday, February 12th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.14). During the same period last year, the business earned ($0.12) earnings per share. Optimum Communications’s revenue was down 2.3% on a year-over-year basis.

Several other equities analysts also recently issued reports on the stock. Citigroup downgraded shares of Optimum Communications from a “buy” rating to a “neutral” rating in a report on Sunday, February 15th. Raymond James Financial cut shares of Optimum Communications from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Optimum Communications in a research report on Wednesday, January 21st. Benchmark lowered shares of Optimum Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Finally, Evercore set a $2.00 price objective on Optimum Communications in a report on Friday, February 13th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $2.19.

Optimum Communications Stock Performance

Optimum Communications stock opened at $1.31 on Monday. The stock has a market capitalization of $613.95 million, a P/E ratio of -0.33 and a beta of 1.51. The company’s fifty day moving average price is $1.58 and its 200 day moving average price is $1.91. Optimum Communications has a 1 year low of $1.20 and a 1 year high of $2.98.

Insiders Place Their Bets

In other Optimum Communications news, General Counsel Michael Olsen sold 250,000 shares of Optimum Communications stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $1.60, for a total transaction of $400,000.00. Following the sale, the general counsel owned 1,496,277 shares of the company’s stock, valued at $2,394,043.20. The trade was a 14.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 44.60% of the company’s stock.

Institutional Investors Weigh In On Optimum Communications

Hedge funds have recently modified their holdings of the business. Swiss Life Asset Management Ltd purchased a new position in shares of Optimum Communications in the third quarter worth about $26,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Optimum Communications during the 3rd quarter valued at about $27,000. Cibc World Markets Corp purchased a new stake in Optimum Communications during the 4th quarter valued at about $29,000. Voleon Capital Management LP acquired a new stake in Optimum Communications in the 3rd quarter valued at about $31,000. Finally, Xponance LLC purchased a new position in Optimum Communications in the 4th quarter worth approximately $34,000. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Optimum Communications 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 approximately five million 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.