Zacks Research Issues Negative Outlook for OPTU Earnings

Optimum Communications, Inc. (NYSE:OPTU) – Equities research analysts at Zacks Research lowered their Q1 2027 earnings estimates for shares of Optimum Communications in a research report issued to clients and investors on Wednesday, September 30th. Zacks Research analyst Team now forecasts that the company will earn ($0.26) per share for the quarter, down from their previous forecast of ($0.24). Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Optimum Communications’ current full-year earnings is ($0.83) per share. Zacks Research also issued estimates for Optimum Communications’ Q2 2027 earnings at ($0.25) EPS, Q3 2027 earnings at ($0.21) EPS, Q4 2027 earnings at ($0.25) EPS, FY2027 earnings at ($0.97) EPS, Q2 2028 earnings at ($0.35) EPS, Q3 2028 earnings at $0.02 EPS and FY2028 earnings at ($0.80) EPS.

A number of other research analysts have also weighed in on OPTU. Weiss Ratings raised shares of Optimum Communications from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Wells Fargo & Company cut their price target on Optimum Communications from $1.00 to $0.75 and set an “underweight” rating for the company in a report on Tuesday, August 11th. Finally, Wall Street Zen downgraded Optimum Communications from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 26th. Five equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $0.92.

Optimum Communications Stock Performance

Shares of OPTU stock opened at $0.95 on Friday. The stock’s fifty day moving average is $0.94 and its two-hundred day moving average is $1.11. The firm has a market capitalization of $257.88 million, a P/E ratio of -0.09 and a beta of 1.17. Optimum Communications has a fifty-two week low of $0.58 and a fifty-two week high of $2.74.

Optimum Communications (NYSE:OPTU) last announced its earnings results on Thursday, August 6th. The company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.50). The business had revenue of $2.02 billion during the quarter.

Hedge Funds Weigh In On Optimum Communications

A number of hedge funds have recently made changes to their positions in OPTU. Cidel Asset Management Inc. acquired a new position in Optimum Communications during the first quarter worth $32,000. Segall Bryant & Hamill LLC acquired a new position in Optimum Communications during the 1st quarter worth about $54,000. ProShare Advisors LLC purchased a new position in Optimum Communications during the 4th quarter valued at about $79,000. Integrated Wealth Concepts LLC purchased a new stake in Optimum Communications during the second quarter worth about $86,000. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of Optimum Communications by 541.6% in the first quarter. Y Intercept Hong Kong Ltd now owns 69,744 shares of the company’s stock valued at $91,000 after purchasing an additional 58,873 shares during the period. Hedge funds and other institutional investors own 54.85% of the company’s stock.

Insider Transactions at Optimum Communications

In other Optimum Communications news, major shareholder Neil S. Subin bought 171,711 shares of Optimum Communications stock in a transaction on Monday, August 24th. The shares were bought at an average price of $0.83 per share, for a total transaction of $142,520.13. Following the completion of the transaction, the insider directly owned 19,548,909 shares of the company’s stock, valued at $16,225,594.47. This trade represents a 0.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders acquired a total of 3,032,354 shares of company stock worth $2,455,613 over the last ninety days. 43.40% of the stock is owned by company insiders.

About Optimum Communications

Optimum Communications, Inc is a telecommunications and broadband services provider operating under the Optimum brand. The company offers high-speed internet, video and television services, mobile connectivity, digital voice, and related communications products to residential customers. It also provides internet, phone, networking, and other connectivity solutions for businesses and organizations.

The company’s operations are concentrated in the United States, serving customers across a range of metropolitan and regional markets.