Altice USA, Inc. (NYSE:ATUS) Forecasted to Post FY2026 Earnings of $0.14 Per Share

Altice USA, Inc. (NYSE:ATUS - Free Report) - Zacks Research lowered their FY2026 earnings per share estimates for Altice USA in a research report issued on Monday, April 15th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $0.14 for the year, down from their prior estimate of $0.16. The consensus estimate for Altice USA's current full-year earnings is $0.22 per share.

A number of other research firms have also weighed in on ATUS. JPMorgan Chase & Co. restated an "underweight" rating on shares of Altice USA in a report on Thursday, April 11th. BNP Paribas lowered Altice USA from a "neutral" rating to an "underperform" rating and set a $1.00 price target on the stock. in a report on Tuesday, April 9th. Benchmark reiterated a "buy" rating and set a $5.00 price target on shares of Altice USA in a report on Wednesday, March 20th. UBS Group dropped their price target on Altice USA from $6.00 to $4.00 and set a "buy" rating on the stock in a report on Thursday, February 15th. Finally, Evercore ISI reiterated an "in-line" rating and set a $3.00 price target on shares of Altice USA in a report on Tuesday, March 26th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Altice USA presently has an average rating of "Hold" and a consensus target price of $2.90.

Altice USA Price Performance

Shares of ATUS stock traded down $0.10 during trading hours on Tuesday, reaching $1.95. The company had a trading volume of 1,730,153 shares, compared to its average volume of 4,235,662. Altice USA has a 12 month low of $1.75 and a 12 month high of $3.82. The business has a fifty day simple moving average of $2.44 and a 200-day simple moving average of $2.55. The company has a market cap of $887.15 million, a price-to-earnings ratio of 16.21 and a beta of 1.35.

Altice USA (NYSE:ATUS - Get Free Report) last posted its earnings results on Wednesday, February 14th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.33). Altice USA had a net margin of 0.58% and a negative return on equity of 12.81%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the business earned ($0.43) EPS. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year.

Institutional Trading of Altice USA

Several hedge funds have recently made changes to their positions in ATUS. Nomura Holdings Inc. grew its position in shares of Altice USA by 343.0% in the fourth quarter. Nomura Holdings Inc. now owns 306,009 shares of the company's stock valued at $995,000 after purchasing an additional 236,933 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Altice USA in the fourth quarter valued at $47,000. Readystate Asset Management LP grew its position in shares of Altice USA by 236.7% in the fourth quarter. Readystate Asset Management LP now owns 446,626 shares of the company's stock valued at $1,452,000 after purchasing an additional 313,970 shares in the last quarter. Legal & General Group Plc grew its position in shares of Altice USA by 2.8% in the fourth quarter. Legal & General Group Plc now owns 320,507 shares of the company's stock valued at $1,042,000 after purchasing an additional 8,627 shares in the last quarter. Finally, Barclays PLC grew its position in Altice USA by 442.4% during the fourth quarter. Barclays PLC now owns 436,188 shares of the company's stock worth $1,417,000 after buying an additional 355,763 shares in the last quarter. 54.85% of the stock is currently owned by institutional investors.

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.