Zacks Research Has Bearish Forecast for OPTU Q3 Earnings

Optimum Communications, Inc. (NYSE:OPTU) – Equities research analysts at Zacks Research decreased their Q3 2026 EPS estimates for Optimum Communications in a research note issued on Tuesday, September 1st. Zacks Research analyst Team now anticipates that the company will earn ($0.19) per share for the quarter, down from their prior forecast of ($0.17). Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Optimum Communications’ current full-year earnings is ($0.82) per share. Zacks Research also issued estimates for Optimum Communications’ FY2026 earnings at ($0.57) EPS, Q3 2027 earnings at ($0.18) EPS, FY2027 earnings at ($0.83) EPS and FY2028 earnings at ($0.68) EPS.

OPTU has been the subject of a number of other reports. Citigroup cut Optimum Communications from a “neutral” rating to a “sell” rating and lowered their target price for the company from $1.50 to $0.50 in a report on Friday, May 15th. Evercore set a $1.25 target price on shares of Optimum Communications in a research note on Tuesday, May 12th. BNP Paribas Exane raised shares of Optimum Communications from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 2nd. Weiss Ratings raised Optimum Communications from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 27th. Finally, UBS Group lowered their target price on Optimum Communications from $2.00 to $1.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Five investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $0.92.

Optimum Communications Stock Up 7.9%

NYSE:OPTU opened at $1.01 on Thursday. Optimum Communications has a 52 week low of $0.58 and a 52 week high of $2.79. The stock’s fifty day moving average is $0.98 and its two-hundred day moving average is $1.18. The stock has a market capitalization of $276.66 million, a price-to-earnings ratio of -0.10 and a beta of 1.25.

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

Insider Transactions at Optimum Communications

In other Optimum Communications news, major shareholder Neil S. Subin acquired 171,711 shares of the stock in a transaction dated Monday, August 24th. The stock was acquired at an average cost of $0.83 per share, with a total value of $142,520.13. Following the transaction, the insider owned 19,548,909 shares in the company, valued at $16,225,594.47. The trade was a 0.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders bought 3,032,354 shares of company stock worth $2,455,613. 43.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Optimum Communications

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new position in shares of Optimum Communications in the 4th quarter valued at $46,002,000. Empyrean Capital Partners LP purchased a new stake in Optimum Communications in the fourth quarter valued at approximately $41,297,000. Deutsche Bank AG purchased a new stake in Optimum Communications in the fourth quarter valued at approximately $27,135,000. Millennium Management LLC acquired a new stake in shares of Optimum Communications in the fourth quarter valued at approximately $24,478,000. Finally, Redwood Capital Management LLC purchased a new position in shares of Optimum Communications during the fourth quarter worth approximately $13,512,000. 54.85% of the stock is currently owned by hedge funds and other institutional investors.

Optimum Communications 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 approximately five million 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.