Altice USA (ATUS) Set to Announce Quarterly Earnings on Thursday

Altice USA (NYSE:ATUS) will be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Altice USA (NYSE:ATUS) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.33). The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.29 billion. Altice USA had a net margin of 0.58% and a negative return on equity of 12.81%. Altice USA’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.43) EPS. 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 Stock Performance

Altice USA stock opened at $1.96 on Thursday. The firm has a market cap of $893.99 million, a P/E ratio of 16.33 and a beta of 1.35. The business’s fifty day moving average is $2.42 and its two-hundred day moving average is $2.51. Altice USA has a 52 week low of $1.75 and a 52 week high of $3.82.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ATUS shares. UBS Group cut their price target on Altice USA from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. BNP Paribas cut Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 price target on the stock. in a report on Tuesday, April 9th. Benchmark reiterated a “buy” rating and issued a $5.00 price target on shares of Altice USA in a report on Wednesday, March 20th. Evercore ISI reiterated an “in-line” rating and issued a $3.00 price target on shares of Altice USA in a report on Tuesday, March 26th. Finally, Loop Capital decreased their price target on Altice USA from $3.00 to $2.00 and set a “hold” rating on the stock in a report on Tuesday. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $2.68.

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.