Altice USA (ATUS) Scheduled to Post Earnings on Monday

Altice USA (NYSE:ATUS) will be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Altice USA (NYSE:ATUS) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.05). The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.25 billion. Altice USA had a negative return on equity of 1.54% and a negative net margin of 0.62%. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 earnings per share. 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 Price Performance

Shares of Altice USA stock opened at $2.54 on Monday. The company has a 50-day moving average of $2.19 and a 200 day moving average of $2.10. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 254.00, a PEG ratio of 3.27 and a beta of 1.53. Altice USA has a 1 year low of $1.52 and a 1 year high of $3.66.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ATUS shares. UBS Group lowered shares of Altice USA from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $4.00 to $2.00 in a research note on Friday, August 2nd. Evercore ISI reduced their price objective on shares of Altice USA from $3.00 to $2.00 and set an “in-line” rating for the company in a research note on Tuesday, July 2nd. Finally, The Goldman Sachs Group started coverage on shares of Altice USA in a research note on Monday, July 1st. They set a “sell” rating and a $2.00 price objective for the company. Six research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Altice USA presently has an average rating of “Hold” and an average price target of $1.97.

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.