Analysts Offer Predictions for Altice USA FY2027 Earnings

Altice USA, Inc. (NYSE:ATUS) – Zacks Research issued their FY2027 earnings per share estimates for shares of Altice USA in a report released 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.

Several other equities research analysts also recently commented on ATUS. Raymond James raised Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 target price for the company in a report on Tuesday, February 18th. Citigroup boosted their target price on Altice USA from $2.50 to $3.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $2.41.

Altice USA Trading Down 1.7 %

Shares of NYSE:ATUS opened at $2.61 on Wednesday. The company has a 50 day moving average of $2.72 and a 200-day moving average of $2.48. The firm has a market cap of $1.21 billion, a P/E ratio of -11.33 and a beta of 1.58. Altice USA has a twelve month low of $1.52 and a twelve month high of $3.20.

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

Institutional Trading of Altice USA

A number of institutional investors have recently bought and sold shares of ATUS. LPL Financial LLC acquired a new position in shares of Altice USA in the 4th quarter valued at approximately $25,000. Quadrature Capital Ltd bought a new position in Altice USA in the 3rd quarter valued at approximately $27,000. Raymond James Financial Inc. acquired a new position in shares of Altice USA during the fourth quarter worth $30,000. D.A. Davidson & CO. bought a new stake in shares of Altice USA in the 3rd quarter valued at about $32,000. Finally, Wolverine Trading LLC bought a new stake in Altice USA in the third quarter valued at approximately $39,000. Institutional investors own 54.85% of the company’s stock.

Insider Transactions at Altice USA

In other Altice USA news, Director Alt S.A.R.L. Next sold 805,230 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $24.50, for a total value of $19,728,135.00. Following the transaction, the director now directly owns 13,093,722 shares in the company, valued at $320,796,189. The trade was a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 4,831,380 shares of company stock valued at $118,368,810 over the last three months. Company insiders own 52.90% 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.