What is Zacks Research’s Forecast for OPTU FY2027 Earnings?

Optimum Communications, Inc. (NYSE:OPTU) – Stock analysts at Zacks Research upped their FY2027 earnings per share (EPS) estimates for Optimum Communications in a research note issued on Friday, April 17th. Zacks Research analyst Team now anticipates that the company will post earnings per share of ($0.48) for the year, up from their prior forecast of ($0.49). Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Optimum Communications’ current full-year earnings is ($0.40) per share. Zacks Research also issued estimates for Optimum Communications’ Q4 2027 earnings at ($0.20) EPS and FY2028 earnings at ($0.67) 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 analysts’ consensus estimates of ($0.01) by ($0.14). During the same period in the previous year, the firm earned ($0.12) earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis.

OPTU has been the subject of a number of other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Optimum Communications in a research report on Wednesday, January 21st. Benchmark downgraded shares of Optimum Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Raymond James Financial downgraded shares of Optimum Communications from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 11th. Evercore set a $2.00 price objective on shares of Optimum Communications in a research report on Friday, February 13th. Finally, Citigroup reduced their price objective on shares of Optimum Communications from $1.90 to $1.50 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Five equities research 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 has an average rating of “Reduce” and a consensus price target of $1.88.

Optimum Communications Stock Down 1.5%

NYSE OPTU opened at $1.66 on Tuesday. Optimum Communications has a 52-week low of $1.20 and a 52-week high of $2.98. The business’s 50-day moving average price is $1.45 and its 200 day moving average price is $1.76. The firm has a market cap of $778.61 million, a P/E ratio of -0.41 and a beta of 1.51.

Hedge Funds Weigh In On Optimum Communications

Hedge funds have recently bought and sold shares of the company. Swiss Life Asset Management Ltd purchased a new position in Optimum Communications in the 3rd quarter valued at approximately $26,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Optimum Communications in the 3rd quarter valued at approximately $27,000. Cibc World Markets Corp purchased a new position in Optimum Communications in the 4th quarter valued at approximately $29,000. Voleon Capital Management LP purchased a new position in Optimum Communications in the 3rd quarter valued at approximately $31,000. Finally, Cidel Asset Management Inc. purchased a new position in Optimum Communications in the 1st quarter valued at approximately $32,000. 54.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel Michael Olsen sold 20,000 shares of Optimum Communications stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $1.29, for a total transaction of $25,800.00. Following the completion of the sale, the general counsel directly owned 1,219,781 shares in the company, valued at approximately $1,573,517.49. This trade represents a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 290,000 shares of company stock worth $453,800. 44.60% of the stock is currently owned by company insiders.

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.