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

Altice USA (NYSE:ATUS - Get Free Report) is projected to announce its earnings results 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 registering for the company's conference call can do so using this link.

Altice USA Trading Down 2.2 %

NYSE:ATUS traded down $0.07 during trading hours on Friday, hitting $2.87. 3,540,583 shares of the company traded hands, compared to its average volume of 2,911,083. Altice USA has a twelve month low of $1.52 and a twelve month high of $3.18. The firm has a 50-day moving average of $2.62 and a 200 day moving average of $2.35. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -7.74 and a beta of 1.52.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ATUS shares. Citigroup increased their target price on shares of Altice USA from $2.50 to $3.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. 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 report on Tuesday, November 5th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $2.30.

Insider Transactions at Altice USA

In related news, Director Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $24.50, for a total transaction of $19,728,061.50. Following the completion of the transaction, the director now directly owns 27,587,820 shares of the company's stock, valued at $675,901,590. This trade represents a 2.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 10,467,969 shares of company stock valued at $256,465,241. Corporate 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.