Altice USA (ATUS) Set to Announce Quarterly Earnings on Monday

Altice USA (NYSE:ATUS) is set to release its earnings data after the market closes on Monday, November 4th. Analysts expect Altice USA to post earnings of $0.02 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Altice USA (NYSE:ATUS) last posted its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.05). The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.25 billion. Altice USA had a negative return on equity of 1.54% and a negative net margin of 0.62%. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 earnings per share. 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 8.6 %

ATUS stock opened at $2.64 on Friday. The stock has a market cap of $1.22 billion, a PE ratio of -20.31, a price-to-earnings-growth ratio of 9.42 and a beta of 1.53. The stock has a 50-day moving average price of $2.27 and a two-hundred day moving average price of $2.11. Altice USA has a 1 year low of $1.52 and a 1 year high of $3.66.

Insider Buying and Selling

In other news, Director Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock in a transaction on Monday, October 28th. The stock was sold at an average price of $24.50, for a total value of $19,728,061.50. Following the transaction, the director now owns 38,055,771 shares in the company, valued at approximately $932,366,389.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 2,415,681 shares of company stock worth $59,184,185. Corporate insiders own 52.90% of the company’s stock.

Analysts Set New Price Targets

Separately, UBS Group downgraded shares of Altice USA from a “buy” rating to a “neutral” rating and cut their target price for the company from $4.00 to $2.00 in a research note on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Altice USA has an average rating of “Hold” and an average price target of $1.97.

About Altice USA

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.