Altice USA (ATUS) to Release Earnings on Thursday

Altice USA (NYSE:ATUS) is expected to release its earnings data before the market opens on Thursday, February 13th. Analysts expect Altice USA to post earnings of $0.04 per share and revenue of $2.24 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Altice USA Price Performance

NYSE:ATUS opened at $2.91 on Wednesday. The company has a market cap of $1.34 billion, a P/E ratio of -7.85 and a beta of 1.52. Altice USA has a 1 year low of $1.52 and a 1 year high of $3.18. The stock’s fifty day moving average price is $2.63 and its two-hundred day moving average price is $2.36.

Insider Activity

In related news, Director Alt S.A.R.L. Next sold 805,227 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $24.50, for a total transaction of $19,728,061.50. Following the sale, the director now directly owns 27,587,820 shares of the company’s stock, valued at $675,901,590. This trade represents a 2.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 9,662,742 shares of company stock worth $236,737,179. Corporate insiders own 52.90% of the company’s stock.

Analyst Ratings Changes

ATUS has been the topic of a number of recent analyst reports. TD Cowen lowered their price target on shares of Altice USA from $6.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Citigroup upped their target price on Altice USA from $2.50 to $3.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.30.

Altice USA 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 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.