Altice USA Inc (NYSE:ATUS) Expected to Post Earnings of $0.08 Per Share

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Wall Street brokerages predict that Altice USA Inc (NYSE:ATUS) will post earnings per share (EPS) of $0.08 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Altice USA’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.11. Altice USA reported earnings per share of ($0.08) in the same quarter last year, which suggests a positive year over year growth rate of 200%. The company is expected to issue its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that Altice USA will report full year earnings of $0.39 per share for the current year, with EPS estimates ranging from $0.19 to $0.53. For the next financial year, analysts anticipate that the firm will post earnings of $0.91 per share, with EPS estimates ranging from $0.36 to $1.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Altice USA.

Altice USA (NYSE:ATUS) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.08). The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.40 billion. Altice USA had a return on equity of 8.16% and a net margin of 1.27%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.17) EPS.

ATUS has been the topic of several recent analyst reports. TD Securities boosted their price target on Altice USA from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Zacks Investment Research upgraded Altice USA from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Tuesday, April 16th. TheStreet upgraded Altice USA from a “d+” rating to a “c+” rating in a research note on Thursday, April 25th. Barclays set a $27.00 price target on Altice USA and gave the stock a “buy” rating in a research note on Friday, February 22nd. Finally, ValuEngine upgraded Altice USA from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Altice USA currently has an average rating of “Buy” and a consensus target price of $24.80.

Shares of ATUS traded down $0.32 during midday trading on Friday, reaching $24.71. 13,508,881 shares of the company were exchanged, compared to its average volume of 3,868,896. The stock has a market cap of $16.68 billion, a PE ratio of 308.88 and a beta of 1.03. Altice USA has a 1-year low of $14.49 and a 1-year high of $25.15. The company has a debt-to-equity ratio of 7.77, a current ratio of 0.39 and a quick ratio of 0.39.

In related news, EVP Colleen Schmidt sold 100,000 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $22.58, for a total value of $2,258,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 45.00% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can increased its holdings in Altice USA by 123.5% in the fourth quarter. Bank of Montreal Can now owns 1,647 shares of the company’s stock valued at $27,000 after buying an additional 910 shares during the last quarter. Cerebellum GP LLC increased its holdings in Altice USA by 6.5% in the first quarter. Cerebellum GP LLC now owns 15,114 shares of the company’s stock valued at $325,000 after buying an additional 924 shares during the last quarter. Advisor Group Inc. increased its holdings in Altice USA by 37.0% in the first quarter. Advisor Group Inc. now owns 3,558 shares of the company’s stock valued at $77,000 after buying an additional 961 shares during the last quarter. AlphaCrest Capital Management LLC increased its holdings in Altice USA by 9.0% in the first quarter. AlphaCrest Capital Management LLC now owns 20,600 shares of the company’s stock valued at $442,000 after buying an additional 1,700 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in Altice USA by 80.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,500 shares of the company’s stock valued at $97,000 after buying an additional 2,000 shares during the last quarter. 50.51% of the stock is owned by hedge funds and other institutional investors.

About Altice USA

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.

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