Zacks Research Analysts Decrease Earnings Estimates for OPTU

Key Points

• Zacks Research cut its Q3 2026 EPS estimate for Optimum Communications to a loss of $0.19 per share from $0.17 and maintained a “Strong Sell” rating. Analysts expect continued losses through fiscal 2028.
• Analyst sentiment remains weak, with the stock carrying an average “Reduce” rating and an average price target of $0.92; Citigroup also downgraded it to “Sell” and reduced its target to $0.50.
• Optimum recently reported a significant quarterly earnings miss, losing $0.67 per share versus the expected $0.17 loss, although shares were trading up 7.9% at $1.01. Insiders and institutional investors have continued buying shares, with insiders owning 43.4% of the company.

Optimum Communications, Inc. (NYSE:OPTU - Free Report) - Investment analysts at Zacks Research dropped their Q3 2026 earnings per share (EPS) estimates for shares of Optimum Communications in a report released on Tuesday, September 1st. Zacks Research analyst Team now anticipates that the company will post earnings per share of ($0.19) for the quarter, down from their previous estimate 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.

A number of other equities research analysts have also recently commented on OPTU. The Goldman Sachs Group set a $1.00 price objective on shares of Optimum Communications in a research note on Friday, May 8th. Citigroup lowered shares of Optimum Communications from a "neutral" rating to a "sell" rating and dropped their price target for the company from $1.50 to $0.50 in a research report on Friday, May 15th. BNP Paribas Exane raised shares of Optimum Communications from an "underperform" rating to a "neutral" rating in a report on Tuesday, June 2nd. Weiss Ratings raised shares of Optimum Communications from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, August 27th. Finally, UBS Group reduced their price target on Optimum Communications from $2.00 to $1.00 and set a "neutral" rating for the company in a report on Thursday, May 14th. 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 stock presently has an average rating of "Reduce" and an average target price of $0.92.

Optimum Communications Trading Up 7.9%

Shares of OPTU stock opened at $1.01 on Thursday. Optimum Communications has a twelve month low of $0.58 and a twelve month high of $2.79. The stock has a market cap of $276.66 million, a P/E ratio of -0.10 and a beta of 1.25. The stock has a 50 day moving average of $0.98 and a 200 day moving average of $1.18.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OPTU. Voleon Capital Management LP purchased a new stake in shares of Optimum Communications in the third quarter valued at approximately $31,000. Morningstar Investment Management LLC acquired a new position in Optimum Communications during the third quarter worth $39,000. Cibc World Markets Corp purchased a new stake in Optimum Communications in the 4th quarter valued at $29,000. Xponance LLC purchased a new position in shares of Optimum Communications during the 4th quarter worth $34,000. Finally, Mariner LLC acquired a new position in shares of Optimum Communications during the 4th quarter valued at about $39,000. 54.85% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Optimum Communications news, major shareholder Neil S. Subin purchased 1,291,471 shares of the firm's stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average cost of $0.84 per share, with a total value of $1,084,835.64. Following the completion of the purchase, the insider owned 18,791,471 shares in the company, valued at approximately $15,784,835.64. This represents a 7.38% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders acquired 3,032,354 shares of company stock valued at $2,455,613. Company insiders own 43.40% of the company's stock.

About Optimum Communications

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.

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