Zacks Research Forecasts Altice USA FY2027 Earnings

Altice USA, Inc. (NYSE:ATUS) – Research analysts at Zacks Research issued their FY2027 earnings per share (EPS) estimates for shares of Altice USA in a note issued to investors on Tuesday, March 4th. Zacks Research analyst R. Department anticipates that the company will earn ($0.18) per share for the year. The consensus estimate for Altice USA’s current full-year earnings is ($0.24) per share.

Altice USA (NYSE:ATUS) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.16).

Other research analysts have also issued reports about 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. Raymond James upgraded Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 price target for the company in a report on Tuesday, February 18th. Five analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Altice USA has an average rating of “Hold” and an average price target of $2.41.

Altice USA Price Performance

NYSE:ATUS opened at $2.51 on Wednesday. The company’s 50-day moving average is $2.72 and its two-hundred day moving average is $2.48. Altice USA has a 1-year low of $1.52 and a 1-year high of $3.20. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -10.89 and a beta of 1.58.

Insider Buying and Selling at Altice USA

In related news, Director Alt S.A.R.L. Next sold 805,230 shares of Altice USA stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $24.50, for a total value of $19,728,135.00. Following the completion of the transaction, the director now directly owns 13,093,722 shares in the company, valued at approximately $320,796,189. This trade represents a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 4,831,380 shares of company stock valued at $118,368,810 in the last three months. 52.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Altice USA

Hedge funds have recently bought and sold shares of the stock. LPL Financial LLC purchased a new stake in Altice USA during the 4th quarter worth about $25,000. Quadrature Capital Ltd purchased a new stake in Altice USA during the third quarter worth approximately $27,000. Raymond James Financial Inc. acquired a new position in Altice USA in the fourth quarter valued at approximately $30,000. D.A. Davidson & CO. purchased a new position in Altice USA in the third quarter valued at approximately $32,000. Finally, Wolverine Trading LLC acquired a new stake in Altice USA during the third quarter worth approximately $39,000. Institutional investors and hedge funds own 54.85% of the company’s stock.

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.