Altice USA (ATUS) to Release 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 wish to listen to the company’s conference call can do so using this link.

Altice USA (NYSE:ATUS) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.33). Altice USA had a negative return on equity of 12.81% and a net margin of 0.58%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the business earned ($0.43) earnings per share. The business’s quarterly revenue was down 2.9% on a year-over-year basis. 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 Down 9.4 %

Shares of NYSE:ATUS opened at $1.93 on Wednesday. Altice USA has a 52 week low of $1.75 and a 52 week high of $3.82. The stock has a market capitalization of $880.31 million, a P/E ratio of 16.08 and a beta of 1.35. The firm has a fifty day simple moving average of $2.41 and a two-hundred day simple moving average of $2.47.

Wall Street Analyst Weigh In

A number of brokerages have commented on ATUS. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Altice USA in a research note on Thursday, April 11th. UBS Group dropped their price objective on shares of Altice USA from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Loop Capital dropped their price objective on shares of Altice USA from $3.00 to $2.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. BNP Paribas cut shares of Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 price target for the company. in a research note on Tuesday, April 9th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $3.00 price target on shares of Altice USA in a research note on Tuesday, March 26th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.