Altice USA (NYSE:ATUS) Announces Earnings Results, Misses Expectations By $0.10 EPS

Altice USA (NYSE:ATUS) released its quarterly earnings data on Wednesday. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10), Zacks reports. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.51 billion. Altice USA had a net margin of 3.61% and a return on equity of 17.04%. Altice USA’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 EPS.

Shares of NYSE:ATUS opened at $27.97 on Friday. Altice USA has a fifty-two week low of $20.84 and a fifty-two week high of $31.78. The business has a 50-day moving average of $28.07 and a two-hundred day moving average of $27.87. The stock has a market capitalization of $17.91 billion, a P/E ratio of 54.84 and a beta of 0.81. The company has a debt-to-equity ratio of 11.57, a current ratio of 0.44 and a quick ratio of 0.44.

ATUS has been the subject of a number of research reports. HSBC cut Altice USA from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a research report on Thursday, November 14th. Raymond James raised Altice USA from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $32.00 to $35.00 in a research report on Thursday. Atlantic Securities cut Altice USA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 6th. Stephens boosted their price target on Altice USA from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $40.00 price target on shares of Altice USA in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $32.39.

In related news, Director Gerrit Jan Bakker sold 12,802 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $27.00, for a total transaction of $345,654.00. Following the completion of the transaction, the director now owns 29,951 shares of the company’s stock, valued at approximately $808,677. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 45.00% of the stock is owned by insiders.

Altice USA Company Profile

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.

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Earnings History for Altice USA (NYSE:ATUS)

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