Analysts Offer Predictions for OPTU FY2028 Earnings

Optimum Communications, Inc. (NYSE:OPTU) – Analysts at Zacks Research issued their FY2028 earnings estimates for Optimum Communications in a research note issued on Thursday, March 5th. Zacks Research analyst Team anticipates that the company will post earnings per share of ($0.63) for the year. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Optimum Communications’ current full-year earnings is ($0.24) per share.

Other equities analysts also recently issued research reports about the company. Evercore set a $2.00 price target on Optimum Communications in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Optimum Communications in a research report on Wednesday, January 21st. Benchmark downgraded Optimum Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Citigroup lowered Optimum Communications from a “buy” rating to a “neutral” rating in a report on Sunday, February 15th. Finally, Barclays dropped their price target on Optimum Communications from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Optimum Communications has an average rating of “Reduce” and an average target price of $2.19.

Optimum Communications Stock Performance

Shares of NYSE:OPTU opened at $1.48 on Friday. Optimum Communications has a 52-week low of $1.38 and a 52-week high of $2.98. The company has a market capitalization of $693.93 million, a P/E ratio of -0.37 and a beta of 1.51. The company has a 50-day simple moving average of $1.67 and a 200 day simple moving average of $1.99.

Optimum Communications (NYSE:OPTU) last announced its quarterly earnings data on Thursday, February 12th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.14). The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.15 billion. Optimum Communications’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.12) earnings per share.

Institutional Trading of Optimum Communications

Several hedge funds and other institutional investors have recently bought and sold shares of OPTU. Swiss Life Asset Management Ltd acquired a new position in shares of Optimum Communications during the 3rd quarter worth approximately $26,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Optimum Communications in the third quarter valued at approximately $27,000. Voleon Capital Management LP acquired a new stake in shares of Optimum Communications in the third quarter valued at approximately $31,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Optimum Communications by 50.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,300 shares of the company’s stock valued at $39,000 after buying an additional 5,156 shares during the period. Finally, Morningstar Investment Management LLC bought a new stake in shares of Optimum Communications in the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 54.85% of the company’s stock.

Insider Buying and Selling at Optimum Communications

In related news, General Counsel Michael Olsen sold 250,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $1.60, for a total value of $400,000.00. Following the transaction, the general counsel directly owned 1,496,277 shares in the company, valued at approximately $2,394,043.20. This represents a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 44.60% of the company’s stock.

About Optimum Communications

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.