Analysts Expect Altice USA Inc (NYSE:ATUS) Will Post Earnings of $0.22 Per Share

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Analysts expect Altice USA Inc (NYSE:ATUS) to report $0.22 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Altice USA’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.25. Altice USA posted earnings per share of $0.12 in the same quarter last year, which would indicate a positive year-over-year growth rate of 83.3%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 3rd.

According to Zacks, analysts expect that Altice USA will report full-year earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.75. For the next financial year, analysts anticipate that the company will report earnings of $1.17 per share, with EPS estimates ranging from $1.10 to $1.25. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Altice USA.

Altice USA (NYSE:ATUS) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. Altice USA had a net margin of 1.91% and a return on equity of 14.30%.

A number of research analysts have recently issued reports on ATUS shares. UBS Group upgraded shares of Altice USA to a “buy” rating in a research report on Tuesday, August 4th. Pivotal Research restated a “buy” rating and issued a $36.00 price target on shares of Altice USA in a research report on Thursday, July 30th. Zacks Investment Research downgraded shares of Altice USA from a “buy” rating to a “hold” rating and set a $29.00 price target on the stock. in a research report on Monday, August 3rd. Citigroup raised their price target on shares of Altice USA from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Morgan Stanley reduced their price target on shares of Altice USA from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 26th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Altice USA currently has a consensus rating of “Buy” and an average price target of $32.29.

ATUS stock traded down $0.37 during mid-day trading on Tuesday, hitting $26.65. 6,899,825 shares of the company were exchanged, compared to its average volume of 5,481,287. The company has a market capitalization of $15.41 billion, a PE ratio of 85.97 and a beta of 0.96. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 21.24. Altice USA has a twelve month low of $15.95 and a twelve month high of $31.78. The firm has a fifty day simple moving average of $26.40 and a 200 day simple moving average of $24.86.

In other Altice USA news, Director Alt S.A.R.L. Next sold 500,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $23.68, for a total transaction of $11,840,000.00. Following the transaction, the director now owns 41,369,305 shares of the company’s stock, valued at approximately $979,625,142.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Abdelhakim Boubazine sold 496,355 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $28.74, for a total transaction of $14,265,242.70. Following the transaction, the chief operating officer now directly owns 1,547,519 shares in the company, valued at approximately $44,475,696.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,000,796 shares of company stock worth $101,040,822. 45.00% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in ATUS. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Altice USA in the 1st quarter worth approximately $2,255,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Altice USA by 52.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 919,720 shares of the company’s stock worth $20,501,000 after purchasing an additional 317,710 shares during the last quarter. Dupont Capital Management Corp acquired a new position in shares of Altice USA in the 1st quarter worth approximately $411,000. UBS Group AG grew its stake in shares of Altice USA by 119.4% in the 1st quarter. UBS Group AG now owns 1,786,560 shares of the company’s stock worth $39,823,000 after purchasing an additional 972,425 shares during the last quarter. Finally, Comerica Bank grew its stake in shares of Altice USA by 9.3% in the 1st quarter. Comerica Bank now owns 265,984 shares of the company’s stock worth $6,971,000 after purchasing an additional 22,654 shares during the last quarter. 58.61% of the stock is currently owned by institutional investors.

Altice USA Company Profile

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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