OPTU Stock Gets Reduced EPS Estimate from Zacks Research

Key Points

• Zacks Research lowered Optimum Communications’ Q1 2027 EPS estimate to a loss of $0.26 per share from $0.24 and maintains a “Strong Sell” rating. The firm projects a $0.97-per-share loss for fiscal 2027.
• Optimum’s latest quarterly results significantly missed expectations, reporting a $0.67-per-share loss versus the $0.17 consensus estimate, despite quarterly revenue of $2.02 billion.
• The stock opened at $0.95 after declining 4.4%, while analysts maintain a “Reduce” consensus rating and a $0.92 average price target. Institutional investors own 54.85% of shares, and insiders own 43.40%.

Optimum Communications, Inc. (NYSE:OPTU - Free Report) - Stock analysts at Zacks Research lowered their Q1 2027 EPS estimates for Optimum Communications in a research report issued on Wednesday, September 30th. Zacks Research analyst Team now expects that the company will earn ($0.26) per share for the quarter, down from their previous estimate 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.

Optimum Communications (NYSE:OPTU - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.67) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.50). The company had revenue of $2.02 billion for the quarter.

OPTU has been the topic of several other reports. Wall Street Zen downgraded Optimum Communications from a "sell" rating to a "strong sell" rating in a research note on Sunday, July 26th. Weiss Ratings upgraded Optimum Communications from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday. Finally, Wells Fargo & Company decreased their price objective on shares of Optimum Communications from $1.00 to $0.75 and set an "underweight" rating for the company in a research report on Tuesday, August 11th. Five equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $0.92.

Optimum Communications Trading Down 4.4%

NYSE OPTU opened at $0.95 on Friday. The firm's fifty day simple moving average is $0.94 and its two-hundred day simple 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 12-month low of $0.58 and a 12-month high of $2.74.

Institutional Trading of Optimum Communications

Institutional investors and hedge funds have recently bought and sold shares of the business. Engineers Gate Manager LP grew its position in Optimum Communications by 2,392.3% during the 2nd quarter. Engineers Gate Manager LP now owns 266,771 shares of the company's stock worth $387,000 after purchasing an additional 256,067 shares during the period. Cidel Asset Management Inc. boosted its stake in shares of Optimum Communications by 139.7% in the second quarter. Cidel Asset Management Inc. now owns 58,484 shares of the company's stock worth $85,000 after buying an additional 34,084 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Optimum Communications during the second quarter worth about $86,000. Corient Private Wealth LP raised its position in Optimum Communications by 32.0% during the second quarter. Corient Private Wealth LP now owns 278,520 shares of the company's stock valued at $404,000 after acquiring an additional 67,506 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Optimum Communications in the first quarter valued at approximately $54,000. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Neil S. Subin purchased 171,711 shares of the company's stock in a transaction on Monday, August 24th. The shares were acquired at an average price of $0.83 per share, for a total transaction of $142,520.13. Following the purchase, the insider owned 19,548,909 shares in the company, valued at $16,225,594.47. This trade represents a 0.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders bought 3,032,354 shares of company stock worth $2,455,613. Insiders own 43.40% of the company's stock.

Optimum Communications Company Profile

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.

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