Altice USA (ATUS) to Release Quarterly Earnings on Thursday

Altice USA (NYSE:ATUS) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $2.24 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Altice USA (NYSE:ATUS) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the firm earned $0.15 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. 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 2.7 %

Shares of NYSE ATUS opened at $2.81 on Thursday. The firm has a market capitalization of $1.29 billion, a P/E ratio of -7.58 and a beta of 1.52. The firm’s 50-day moving average price is $2.60 and its 200-day moving average price is $2.33. Altice USA has a 1-year low of $1.52 and a 1-year high of $3.18.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ATUS. TD Cowen reduced their price objective on Altice USA from $6.00 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Citigroup lifted their price target on shares of Altice USA from $2.50 to $3.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $2.30.

Insider Buying and Selling

In other news, Director Alt S.A.R.L. Next sold 805,230 shares of Altice USA stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $24.50, for a total transaction of $19,728,135.00. Following the sale, the director now directly owns 6,651,882 shares in the company, valued at $162,971,109. The trade was a 10.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 11,273,196 shares of company stock worth $276,193,302. 52.90% of the stock is owned by insiders.

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.