Altice USA (NYSE:ATUS – Get Rating) will be posting its quarterly earnings results after the market closes on Thursday, April 28th. Analysts expect Altice USA to post earnings of $0.30 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Altice USA (NYSE:ATUS – Get Rating) last issued its quarterly earnings data on Wednesday, February 16th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.05. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. Altice USA had a net margin of 9.81% and a negative return on equity of 87.01%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 earnings per share. On average, analysts expect Altice USA to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of ATUS opened at $11.88 on Thursday. The firm has a market cap of $5.40 billion, a PE ratio of 5.53, a PEG ratio of 0.40 and a beta of 1.12. The firm’s 50 day moving average price is $11.91 and its 200 day moving average price is $14.77. Altice USA has a twelve month low of $10.47 and a twelve month high of $38.19.
Institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new stake in shares of Altice USA in the 4th quarter worth about $33,000. Metropolitan Life Insurance Co NY grew its holdings in shares of Altice USA by 9.9% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 11,024 shares of the company’s stock worth $178,000 after purchasing an additional 990 shares during the last quarter. JustInvest LLC bought a new stake in shares of Altice USA in the 4th quarter worth about $265,000. Guggenheim Capital LLC grew its holdings in shares of Altice USA by 40.6% in the 4th quarter. Guggenheim Capital LLC now owns 21,093 shares of the company’s stock worth $341,000 after purchasing an additional 6,088 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Altice USA by 147.2% in the 3rd quarter. LPL Financial LLC now owns 21,161 shares of the company’s stock worth $438,000 after purchasing an additional 12,599 shares during the last quarter. 50.14% of the stock is currently owned by institutional investors and hedge funds.
About Altice USA (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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