Analysts Set Expectations for Altice USA FY2027 Earnings

Altice USA, Inc. (NYSE:ATUS - Free Report) - Zacks Research issued their FY2027 earnings estimates for shares of Altice USA in a research note issued on Tuesday, March 4th. Zacks Research analyst R. Department anticipates 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.

Altice USA (NYSE:ATUS - Get Free Report) last released its quarterly 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).

Several other brokerages have also issued reports on ATUS. Citigroup upped their target price 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. Raymond James upgraded shares of Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 target price for the company in a research report on Tuesday, February 18th. Five analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Altice USA presently has a consensus rating of "Hold" and a consensus price target of $2.41.

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Altice USA Stock Down 3.4 %

NYSE:ATUS traded down $0.09 during midday trading on Wednesday, hitting $2.44. The company had a trading volume of 3,631,416 shares, compared to its average volume of 3,031,693. Altice USA has a 52-week low of $1.52 and a 52-week high of $3.20. The stock's fifty day moving average price is $2.72 and its 200-day moving average price is $2.50. The company has a market capitalization of $1.13 billion, a PE ratio of -10.59 and a beta of 1.58.

Institutional Trading of Altice USA

A number of institutional investors have recently modified their holdings of ATUS. Creative Planning boosted its holdings in shares of Altice USA by 64.1% during the third quarter. Creative Planning now owns 57,616 shares of the company's stock worth $142,000 after purchasing an additional 22,497 shares during the period. US Bancorp DE raised its stake in Altice USA by 30.2% in the third quarter. US Bancorp DE now owns 21,530 shares of the company's stock worth $53,000 after buying an additional 5,000 shares in the last quarter. GSA Capital Partners LLP bought a new position in Altice USA in the third quarter worth about $157,000. LMR Partners LLP raised its stake in Altice USA by 217.5% in the third quarter. LMR Partners LLP now owns 3,000,000 shares of the company's stock worth $7,380,000 after buying an additional 2,055,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Altice USA by 6.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,402,316 shares of the company's stock worth $3,450,000 after buying an additional 85,936 shares in the last quarter. 54.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Altice USA

In other news, Director Alt S.A.R.L. Next sold 805,230 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $24.50, for a total transaction of $19,728,135.00. Following the completion of the sale, the director now directly owns 13,093,722 shares in the company, valued at approximately $320,796,189. This represents a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 4,831,380 shares of company stock worth $118,368,810 over the last three months. Company insiders own 52.90% of the company's stock.

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.