$2.44 Billion in Sales Expected for Altice USA, Inc. (NYSE:ATUS) This Quarter

Equities research analysts expect Altice USA, Inc. (NYSE:ATUSGet Rating) to announce sales of $2.44 billion for the current fiscal quarter, according to Zacks. Eleven analysts have made estimates for Altice USA’s earnings. The lowest sales estimate is $2.39 billion and the highest is $2.47 billion. Altice USA posted sales of $2.48 billion during the same quarter last year, which would indicate a negative year over year growth rate of 1.6%. The business is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Altice USA will report full year sales of $9.88 billion for the current financial year, with estimates ranging from $9.77 billion to $10.00 billion. For the next fiscal year, analysts forecast that the firm will report sales of $9.87 billion, with estimates ranging from $9.69 billion to $10.04 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Altice USA.

Altice USA (NYSE:ATUSGet Rating) last issued its quarterly earnings data on Wednesday, February 16th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.05. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. Altice USA had a negative return on equity of 87.01% and a net margin of 9.81%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share.

ATUS has been the topic of several research analyst reports. Wolfe Research lowered shares of Altice USA from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $26.00 to $17.00 in a report on Monday, January 3rd. Cowen boosted their price target on shares of Altice USA from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, February 17th. Morgan Stanley lowered their price objective on shares of Altice USA from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, April 8th. Exane BNP Paribas raised Altice USA from an “underperform” rating to a “neutral” rating in a research report on Friday, February 18th. Finally, Zacks Investment Research cut Altice USA from a “hold” rating to a “sell” rating and set a $13.00 price target on the stock. in a research note on Wednesday, January 19th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Altice USA has a consensus rating of “Hold” and a consensus target price of $22.74.

Shares of Altice USA stock traded up $0.29 during trading hours on Friday, hitting $12.01. The company’s stock had a trading volume of 53,496 shares, compared to its average volume of 4,969,488. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 5.45, a P/E/G ratio of 0.40 and a beta of 1.12. Altice USA has a twelve month low of $10.47 and a twelve month high of $38.19. The firm has a fifty day moving average of $12.27 and a 200-day moving average of $15.11.

A number of institutional investors have recently made changes to their positions in the business. Counterpoint Mutual Funds LLC acquired a new stake in shares of Altice USA during the fourth quarter worth about $25,000. FNY Investment Advisers LLC acquired a new position in Altice USA during the fourth quarter worth approximately $25,000. Herold Advisors Inc. purchased a new stake in Altice USA in the third quarter valued at approximately $41,000. EverSource Wealth Advisors LLC purchased a new stake in Altice USA in the fourth quarter valued at approximately $33,000. Finally, Parallel Advisors LLC boosted its holdings in shares of Altice USA by 571.0% in the fourth quarter. Parallel Advisors LLC now owns 2,174 shares of the company’s stock valued at $35,000 after acquiring an additional 1,850 shares during the period. Institutional investors own 50.14% of the company’s stock.

Altice USA Company Profile (Get Rating)

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 approximately five million 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.

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