Altice USA (NYSE:ATUS) Posts Quarterly Earnings Results, Misses Estimates By $0.16 EPS

Altice USA (NYSE:ATUS) announced its quarterly earnings data on Thursday. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16), Zacks reports.

Altice USA Trading Up 4.2 %

NYSE ATUS traded up $0.12 on Thursday, hitting $2.83. 3,114,095 shares of the company were exchanged, compared to its average volume of 3,301,104. The company has a market cap of $1.30 billion, a PE ratio of -7.63 and a beta of 1.52. The stock has a fifty day moving average of $2.64 and a 200-day moving average of $2.37. Altice USA has a 12 month low of $1.52 and a 12 month high of $3.20.

Insider Buying and Selling at Altice USA

In related news, Director Alt S.A.R.L. Next sold 805,227 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $24.50, for a total value of $19,728,061.50. Following the transaction, the director now directly owns 21,146,004 shares in the company, valued at $518,077,098. This trade represents a 3.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 8,857,515 shares of company stock valued at $217,009,118. Corporate insiders own 52.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup boosted their target price on Altice USA from $2.50 to $3.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. TD Cowen decreased their price objective on shares of Altice USA from $6.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday, November 5th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $2.30.

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.