$2.47 Billion in Sales Expected for Altice USA, Inc. (NYSE:ATUS) This Quarter

Brokerages forecast that Altice USA, Inc. (NYSE:ATUSGet Rating) will report $2.47 billion in sales for the current quarter, Zacks reports. Eleven analysts have issued estimates for Altice USA’s earnings, with estimates ranging from $2.45 billion to $2.50 billion. Altice USA reported sales of $2.52 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 2%. The business is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Altice USA will report full year sales of $9.86 billion for the current year, with estimates ranging from $9.77 billion to $10.00 billion. For the next year, analysts anticipate that the company will post sales of $9.87 billion, with estimates ranging from $9.69 billion to $10.04 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Altice USA.

Altice USA (NYSE:ATUSGet Rating) last announced its earnings results on Thursday, April 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.11. Altice USA had a net margin of 9.81% and a negative return on equity of 87.01%. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the previous year, the company posted $0.58 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis.

A number of analysts have issued reports on ATUS shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Altice USA from $18.00 to $14.00 in a research note on Friday, February 18th. Pivotal Research lowered their price target on shares of Altice USA from $18.00 to $15.00 in a report on Friday. Wells Fargo & Company decreased their price target on Altice USA from $19.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, February 17th. Moffett Nathanson cut Altice USA from a “buy” rating to a “neutral” rating and set a $15.00 target price on the stock. 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 report on Wednesday, January 19th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Altice USA currently has a consensus rating of “Hold” and a consensus target price of $20.81.

Large investors have recently modified their holdings of the business. Clarkston Capital Partners LLC raised its holdings in shares of Altice USA by 47.2% during the 4th quarter. Clarkston Capital Partners LLC now owns 20,408,200 shares of the company’s stock valued at $330,205,000 after purchasing an additional 6,545,725 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Altice USA by 4.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 20,137,297 shares of the company’s stock worth $325,822,000 after purchasing an additional 774,206 shares during the last quarter. BlackRock Inc. grew its position in Altice USA by 23.6% in the 3rd quarter. BlackRock Inc. now owns 14,226,099 shares of the company’s stock worth $294,765,000 after purchasing an additional 2,713,058 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in Altice USA by 50.8% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 6,968,472 shares of the company’s stock worth $86,966,000 after purchasing an additional 2,348,506 shares during the last quarter. Finally, Palestra Capital Management LLC boosted its position in shares of Altice USA by 6.7% during the 3rd quarter. Palestra Capital Management LLC now owns 6,669,586 shares of the company’s stock valued at $138,194,000 after acquiring an additional 421,024 shares in the last quarter. 50.14% of the stock is owned by institutional investors.

Shares of ATUS opened at $9.28 on Friday. The firm has a market cap of $4.22 billion, a P/E ratio of 4.64, a price-to-earnings-growth ratio of 0.35 and a beta of 1.12. Altice USA has a 12-month low of $9.06 and a 12-month high of $38.19. The company’s 50-day moving average price is $11.54 and its 200 day moving average price is $14.40.

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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