Analysts Set Expectations for Altice USA FY2027 Earnings

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

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

Altice USA Stock Performance

NYSE ATUS opened at $2.51 on Wednesday. The firm’s fifty day moving average is $2.72 and its two-hundred day moving average is $2.48. Altice USA has a one year low of $1.52 and a one year high of $3.20. The firm has a market cap of $1.16 billion, a PE ratio of -10.89 and a beta of 1.58.

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

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 Wednesday, December 11th. The stock was sold at an average price of $24.50, for a total transaction of $19,728,135.00. Following the completion of the transaction, the director now owns 13,093,722 shares of the company’s stock, valued at $320,796,189. The trade was a 5.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 4,831,380 shares of company stock valued at $118,368,810. Corporate insiders own 52.90% of the company’s stock.

Hedge Funds Weigh In On Altice USA

Several hedge funds have recently added to or reduced their stakes in the business. Creative Planning grew its holdings in Altice USA by 64.1% during the 3rd quarter. Creative Planning now owns 57,616 shares of the company’s stock valued at $142,000 after buying an additional 22,497 shares during the last quarter. US Bancorp DE boosted its stake in shares of Altice USA by 30.2% during the third quarter. US Bancorp DE now owns 21,530 shares of the company’s stock valued at $53,000 after acquiring an additional 5,000 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Altice USA during the 3rd quarter worth about $157,000. LMR Partners LLP raised its stake in Altice USA by 217.5% in the 3rd quarter. LMR Partners LLP now owns 3,000,000 shares of the company’s stock valued at $7,380,000 after purchasing an additional 2,055,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Altice USA by 6.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,402,316 shares of the company’s stock valued at $3,450,000 after purchasing an additional 85,936 shares in the last quarter. 54.85% of the stock is currently owned by hedge funds and other institutional investors.

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.