Altice USA Inc (ATUS) Expected to Post Earnings of -$0.01 Per Share
Wall Street analysts expect that Altice USA Inc (NYSE:ATUS) will announce earnings per share (EPS) of ($0.01) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Altice USA’s earnings, with the lowest EPS estimate coming in at ($0.13) and the highest estimate coming in at $0.22. The business is scheduled to report its next quarterly earnings report on Thursday, February 1st.
On average, analysts expect that Altice USA will report full-year earnings of ($0.83) per share for the current year, with EPS estimates ranging from ($1.11) to ($0.61). For the next financial year, analysts forecast that the company will post earnings of $0.06 per share, with EPS estimates ranging from ($0.47) to $0.99. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Altice USA.
Altice USA (NYSE:ATUS) last issued its quarterly earnings data on Thursday, November 2nd. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.07).
Shares of Altice USA (ATUS) traded down $0.67 during mid-day trading on Monday, reaching $20.68. 2,236,860 shares of the company’s stock traded hands, compared to its average volume of 2,593,960. The company has a debt-to-equity ratio of 6.82, a current ratio of 0.32 and a quick ratio of 0.32. Altice USA has a 1 year low of $17.80 and a 1 year high of $35.29.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATUS. Lucerne Capital Management LP acquired a new stake in shares of Altice USA in the fourth quarter valued at approximately $129,721,000. Vanguard Group Inc. bought a new position in Altice USA in the second quarter valued at approximately $67,939,000. FMR LLC bought a new position in Altice USA in the second quarter valued at approximately $57,079,000. Pelham Capital Ltd. increased its stake in Altice USA by 54.9% in the fourth quarter. Pelham Capital Ltd. now owns 2,555,474 shares of the company’s stock valued at $54,253,000 after acquiring an additional 905,474 shares during the last quarter. Finally, Naya Capital Management UK Ltd. bought a new position in Altice USA in the second quarter valued at approximately $25,972,000. Institutional investors own 13.37% of the company’s stock.
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Altice USA Company Profile
Altice USA, Inc is engaged in providing broadband communications and video services in the United States. The Company’s segments include Cablevision and Cequel. Cablevision provides broadband, pay television and telephony services to residential and business customers in and around the New York metropolitan area.
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