Altice USA (ATUS) Set to Announce Earnings on Monday

Altice USA (NYSE:ATUS - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Monday, November 4th. Analysts expect Altice USA to post earnings of $0.02 per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Altice USA (NYSE:ATUS - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.05). The firm had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.25 billion. Altice USA had a negative return on equity of 1.54% and a negative net margin of 0.62%. The company's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. On average, analysts expect Altice USA to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Altice USA Stock Up 1.8 %

NYSE ATUS traded up $0.04 during trading on Monday, hitting $2.59. The stock had a trading volume of 3,612,485 shares, compared to its average volume of 3,409,360. The firm has a 50 day moving average price of $2.21 and a 200 day moving average price of $2.10. Altice USA has a twelve month low of $1.52 and a twelve month high of $3.66. The company has a market capitalization of $1.19 billion, a PE ratio of 258.50, a PEG ratio of 3.27 and a beta of 1.53.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ATUS. UBS Group lowered Altice USA from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $4.00 to $2.00 in a research report on Friday, August 2nd. Evercore ISI dropped their price objective on shares of Altice USA from $3.00 to $2.00 and set an "in-line" rating on the stock in a research report on Tuesday, July 2nd. Finally, The Goldman Sachs Group initiated coverage on shares of Altice USA in a report on Monday, July 1st. They issued a "sell" rating and a $2.00 price objective on the stock. Six analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $1.97.

Insider Buying and Selling

In other news, Director Alt S.A.R.L. Next sold 805,227 shares of the company's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $24.50, for a total value of $19,728,061.50. Following the completion of the sale, the director now directly owns 38,860,998 shares of the company's stock, valued at approximately $952,094,451. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 53.60% of the stock is owned by company insiders.

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.