Zacks Research Issues Pessimistic Forecast for OPTU Earnings

Optimum Communications, Inc. (NYSE:OPTU) – Research analysts at Zacks Research reduced their Q3 2026 EPS estimates for Optimum Communications in a research note issued to investors on Tuesday, March 17th. Zacks Research analyst Team now forecasts that the company will earn ($0.19) per share for the quarter, down from their previous estimate of ($0.16). Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Optimum Communications’ current full-year earnings is ($0.24) per share. Zacks Research also issued estimates for Optimum Communications’ FY2026 earnings at ($0.54) EPS, Q3 2027 earnings at ($0.16) EPS, Q4 2027 earnings at ($0.21) EPS, FY2027 earnings at ($0.49) EPS and FY2028 earnings at ($0.69) EPS.

Optimum Communications (NYSE:OPTU) last released its quarterly earnings results on Thursday, February 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.14). During the same period in the previous year, the firm earned ($0.12) EPS. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year.

A number of other analysts have also issued reports on the company. Raymond James Financial lowered Optimum Communications from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 11th. Citigroup lowered Optimum Communications from a “buy” rating to a “neutral” rating in a research note on Sunday, February 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Optimum Communications in a report on Wednesday, January 21st. Benchmark lowered Optimum Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, Evercore set a $2.00 target price on Optimum Communications in a research note on Friday, February 13th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $2.19.

Optimum Communications Price Performance

NYSE:OPTU opened at $1.34 on Thursday. The firm has a 50-day moving average of $1.60 and a two-hundred day moving average of $1.93. The stock has a market cap of $628.06 million, a P/E ratio of -0.33 and a beta of 1.51. Optimum Communications has a 1-year low of $1.29 and a 1-year high of $2.98.

Hedge Funds Weigh In On Optimum Communications

Several large investors have recently added to or reduced their stakes in OPTU. Wealth Enhancement Advisory Services LLC lifted its position in shares of Optimum Communications by 50.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,300 shares of the company’s stock valued at $39,000 after acquiring an additional 5,156 shares in the last quarter. Man Group plc grew its position in Optimum Communications by 6.4% during the 2nd quarter. Man Group plc now owns 101,736 shares of the company’s stock worth $218,000 after purchasing an additional 6,137 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Optimum Communications by 1.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 644,142 shares of the company’s stock worth $1,713,000 after purchasing an additional 7,470 shares in the last quarter. Lazard Asset Management LLC raised its stake in Optimum Communications by 41.6% during the 2nd quarter. Lazard Asset Management LLC now owns 28,667 shares of the company’s stock valued at $61,000 after purchasing an additional 8,420 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Optimum Communications by 28.0% in the third quarter. CANADA LIFE ASSURANCE Co now owns 43,905 shares of the company’s stock valued at $103,000 after purchasing an additional 9,598 shares in the last quarter. 54.85% of the stock is currently owned by institutional investors.

Insider Activity at Optimum Communications

In other news, General Counsel Michael Olsen sold 250,000 shares of Optimum Communications stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $1.60, for a total value of $400,000.00. Following the completion of the transaction, the general counsel owned 1,496,277 shares in the company, valued at approximately $2,394,043.20. This trade represents a 14.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 44.60% of the company’s stock.

Optimum Communications 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 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.