What is Zacks Research's Forecast for OPTU FY2028 Earnings?

Key Points

• Zacks Research slightly raised its FY2028 EPS estimate for Optimum Communications to ($0.68) from ($0.69) but retained a "Strong Sell" rating; the consensus full-year estimate remains ($0.24).
• Optimum recently reported quarterly results showing a notable miss—($0.15) EPS vs. a ($0.01) consensus—and revenue fell about 2.3% year-over-year.
• Analyst sentiment is broadly negative with multiple downgrades and a MarketBeat consensus rating of "Reduce" (target $2.19); the stock trades near $1.24 and insiders own roughly 44.6% of shares.

Optimum Communications, Inc. (NYSE:OPTU - Free Report) - Analysts at Zacks Research boosted their FY2028 earnings per share estimates for shares of Optimum Communications in a research note issued on Thursday, March 19th. Zacks Research analyst Team now anticipates that the company will post earnings of ($0.68) per share for the year, up from their prior estimate of ($0.69). Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for Optimum Communications' current full-year earnings is ($0.24) per share.

Optimum Communications (NYSE:OPTU - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.14). During the same quarter last year, the business earned ($0.12) earnings per share. The firm's revenue for the quarter was down 2.3% compared to the same quarter last year.

OPTU has been the topic of several other reports. Benchmark lowered shares of Optimum Communications from a "buy" rating to a "hold" rating in a report on Tuesday, February 10th. Evercore set a $2.00 price objective on shares of Optimum Communications in a research note on Friday, February 13th. Weiss Ratings restated a "sell (d-)" rating on shares of Optimum Communications in a research report on Wednesday, January 21st. Raymond James Financial cut shares of Optimum Communications from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 11th. Finally, Citigroup downgraded shares of Optimum Communications from a "buy" rating to a "neutral" rating in a report on Sunday, February 15th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $2.19.

Optimum Communications Trading Down 6.8%

OPTU stock opened at $1.24 on Monday. The stock has a market capitalization of $583.37 million, a P/E ratio of -0.31 and a beta of 1.51. Optimum Communications has a 12 month low of $1.22 and a 12 month high of $2.98. The firm has a 50-day moving average price of $1.59 and a 200-day moving average price of $1.92.

Insider Buying and Selling at Optimum Communications

In other news, General Counsel Michael Olsen sold 20,000 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $1.40, for a total value of $28,000.00. Following the completion of the transaction, the general counsel owned 1,239,781 shares of the company's stock, valued at $1,735,693.40. This represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 44.60% of the company's stock.

Institutional Investors Weigh In On Optimum Communications

Several hedge funds have recently added to or reduced their stakes in OPTU. Hsbc Holdings PLC acquired a new position in Optimum Communications in the 4th quarter valued at approximately $213,000. PEAK6 LLC acquired a new position in shares of Optimum Communications during the fourth quarter worth $400,000. Eos Management L.P. acquired a new position in shares of Optimum Communications during the fourth quarter worth $97,000. Corient Private Wealth LLC bought a new stake in shares of Optimum Communications in the fourth quarter worth $348,000. Finally, Sentinel Dome Partners LLC bought a new stake in shares of Optimum Communications in the fourth quarter worth $330,000. 54.85% of the stock is currently owned by institutional investors and hedge funds.

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.

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