Altice USA (ATUS) Expected to Announce Quarterly Earnings on Thursday

Altice USA (NYSE:ATUS) will likely be issuing 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. Investors interested in participating in the company’s conference call can do so using this link.

Altice USA Stock Performance

ATUS opened at $2.91 on Wednesday. The firm has a market cap of $1.34 billion, a P/E ratio of -7.85 and a beta of 1.52. The business’s fifty day moving average is $2.63 and its 200-day moving average is $2.36. Altice USA has a 52-week low of $1.52 and a 52-week high of $3.18.

Insider Activity

In related news, Director Alt S.A.R.L. Next sold 805,230 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $24.50, for a total transaction of $19,728,135.00. Following the transaction, the director now owns 14,704,182 shares in the company, valued at $360,252,459. The trade was a 5.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 9,662,742 shares of company stock valued at $236,737,179. 52.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ATUS shares. Citigroup increased their price target on shares of Altice USA from $2.50 to $3.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. TD Cowen cut their target price on shares of Altice USA from $6.00 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Five research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.30.

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.