Altice USA (ATUS) Set to Announce Earnings on Thursday

Altice USA (NYSE:ATUS) will release its earnings data before the market opens on Thursday, August 1st. Analysts expect Altice USA to post earnings of $0.07 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Altice USA (NYSE:ATUS) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Altice USA had a negative return on equity of 1.54% and a net margin of 0.07%. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the business posted $0.06 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. On average, analysts expect Altice USA to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Altice USA Trading Up 11.6 %

Altice USA stock opened at $2.11 on Wednesday. Altice USA has a twelve month low of $1.55 and a twelve month high of $3.82. The stock has a 50 day moving average of $2.12 and a two-hundred day moving average of $2.26. The stock has a market capitalization of $970.52 million, a price-to-earnings ratio of 211.00, a PEG ratio of 0.62 and a beta of 1.49.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on Altice USA in a research note on Monday, July 1st. They set a “sell” rating and a $2.00 target price for the company. Loop Capital cut their target price on Altice USA from $3.00 to $2.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Evercore ISI cut their target price on Altice USA from $3.00 to $2.00 and set an “in-line” rating for the company in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Altice USA in a research note on Thursday, April 11th. Finally, Wells Fargo & Company downgraded Altice USA from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $2.00 to $1.00 in a research note on Friday, April 5th. Six research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2.27.

About Altice USA

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 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.