Equities analysts predict that Altice USA Inc (NYSE:ATUS) will report earnings of ($0.04) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Altice USA’s earnings, with estimates ranging from ($0.14) to $0.03. Altice USA reported earnings per share of ($0.08) during the same quarter last year, which would suggest a positive year-over-year growth rate of 50%. The company is scheduled to issue its next earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Altice USA will report full year earnings of ($0.16) per share for the current fiscal year, with EPS estimates ranging from ($0.20) to ($0.08). For the next fiscal year, analysts forecast that the business will post earnings of $0.21 per share, with EPS estimates ranging from ($0.44) to $0.56. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow Altice USA.

Altice USA (NYSE:ATUS) last released its quarterly earnings results on Thursday, August 2nd. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.08). The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Altice USA had a net margin of 19.65% and a negative return on equity of 5.44%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.73) EPS.

Several research firms have recently commented on ATUS. Barclays reaffirmed a “buy” rating and set a $25.00 price target on shares of Altice USA in a research report on Sunday, August 5th. Credit Suisse Group began coverage on shares of Altice USA in a research report on Tuesday, July 10th. They set an “outperform” rating and a $21.00 price target on the stock. Royal Bank of Canada reduced their price target on shares of Altice USA to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 9th. Zacks Investment Research raised shares of Altice USA from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Finally, Citigroup reduced their price target on shares of Altice USA from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Altice USA has an average rating of “Buy” and an average target price of $25.54.

Shares of ATUS stock traded down $0.19 during trading on Friday, hitting $18.55. 34,909 shares of the stock traded hands, compared to its average volume of 4,060,749. The firm has a market cap of $13.37 billion, a PE ratio of 937.50 and a beta of 0.59. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.32 and a current ratio of 0.32. Altice USA has a 52-week low of $16.25 and a 52-week high of $26.33.

In other Altice USA news, VP David Connolly sold 129,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $18.31, for a total value of $2,361,990.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Victoria Mink sold 37,502 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $18.99, for a total value of $712,162.98. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of ATUS. Wells Fargo & Company MN grew its stake in shares of Altice USA by 19.6% in the first quarter. Wells Fargo & Company MN now owns 39,236 shares of the company’s stock worth $725,000 after acquiring an additional 6,441 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Altice USA by 25.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 220,520 shares of the company’s stock worth $4,076,000 after acquiring an additional 44,513 shares in the last quarter. Northern Trust Corp grew its stake in shares of Altice USA by 4.7% in the first quarter. Northern Trust Corp now owns 134,075 shares of the company’s stock worth $2,478,000 after acquiring an additional 6,052 shares in the last quarter. BlackRock Inc. grew its stake in shares of Altice USA by 20.1% in the first quarter. BlackRock Inc. now owns 3,875,670 shares of the company’s stock worth $71,622,000 after acquiring an additional 648,148 shares in the last quarter. Finally, California Public Employees Retirement System acquired a new position in shares of Altice USA in the first quarter worth $836,000. Institutional investors and hedge funds own 37.44% of the company’s stock.

About Altice USA

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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