Altice USA, Inc., together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers. The company also offers wireless routers and Internet security software; and pay television services, which include delivery of broadcast stations and cable networks, and advanced digital pay television services, such as video-on-demand, high-definition channels, digital video recorder, and pay-per-view. In addition, it provides Ethernet, data transport, IP-based virtual private networks, Internet access, and telephony services; hosted telephony, managed Wi-Fi, managed desktop and server backup services; managed collaboration services, including audio and Web conferencing; managed services, including business e-mail, hosted private branch exchange, Web space storage, and network security monitoring; data-driven television, digital, and other multi-platform advertising services; and data-driven and audience-based advertising solutions. Further, the company operates local news channels, as well as traffic and weather channels; News12.com, a destination for local news on the Web; and News 12 To Go, a mobile app for phones and tablets. Altice USA, Inc. is headquartered in Long Island City, New York. Altice USA, Inc. operates independently of Altice N.V. as of June 8, 2018.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Cable & other pay television services
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNYSE:ATUS
Previous SymbolNASDAQ:ATUS
CUSIPN/A
Phone516-803-2300
Debt
Debt-to-Equity Ratio6.11
Current Ratio0.45
Quick Ratio0.45
Price-To-Earnings
Trailing P/E Ratio836.00
Forward P/E Ratio-182.56
P/E GrowthN/A
Sales & Book Value
Annual Sales$9.33 billion
Price / Sales1.26
Cash Flow$3.7597 per share
Price / Cash4.37
Book Value$7.46 per share
Price / Book2.20
Profitability
EPS (Most Recent Fiscal Year)$0.02
Net Income$1.52 billion
Net Margins21.73%
Return on Equity-3.36%
Return on Assets-0.45%
Miscellaneous
Employees9,414
Outstanding Shares715,000,000
Market Cap$12.64 billion
OptionableOptionable
Altice USA (NYSE:ATUS) Frequently Asked Questions
What is Altice USA's stock symbol?
Altice USA trades on the New York Stock Exchange (NYSE) under the ticker symbol "ATUS."
How often does Altice USA pay dividends? What is the dividend yield for Altice USA?
Altice USA declared a dividend on Tuesday, May 15th. Stockholders of record on Tuesday, May 22nd will be given a dividend of $2.035 per share on Wednesday, June 6th. The ex-dividend date of this dividend is Thursday, June 7th. View Altice USA's Dividend History.
How were Altice USA's earnings last quarter?
Altice USA Inc (NYSE:ATUS) released its quarterly earnings results on Monday, November, 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.08. The business earned $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Altice USA had a negative return on equity of 3.36% and a net margin of 21.73%. The business's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.25) earnings per share. View Altice USA's Earnings History.
When is Altice USA's next earnings date?
What guidance has Altice USA issued on next quarter's earnings?
Altice USA updated its FY 2018 earnings guidance on Monday, November, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $9.56-9.606 billion, compared to the consensus revenue estimate of $9.56 billion.
What price target have analysts set for ATUS?
18 brokers have issued 12-month price targets for Altice USA's shares. Their predictions range from $19.91 to $35.29. On average, they anticipate Altice USA's share price to reach $25.0438 in the next twelve months. This suggests a possible upside of 52.4% from the stock's current price. View Analyst Price Targets for Altice USA.
What is the consensus analysts' recommendation for Altice USA?
18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altice USA in the last year. There are currently 2 hold ratings, 15 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Altice USA.
What are Wall Street analysts saying about Altice USA stock?
Here are some recent quotes from research analysts about Altice USA stock:
- 1. According to Zacks Investment Research, "Altice remains on track with its five-year plan to build a FTTH network and deploy its new home communications hub to meet the demand for increasing data speed and support evolving technologies. The company believes the FTTH network to be more resilient with reduced maintenance requirement, fewer service outages and lower power usage, which will likely lead to further cost efficiency. Altice has been rolling out enhanced data and services for its business customers. In addition, the company has augmented its market position as a pioneer in the advertising business with the launch of an advanced advertising tool titled a4 to provide audience-based, multi-screen advertising solutions for its clients. However, the stock has underperformed the industry in the past year on an average. The company’s operations also remain susceptible to market risks arising from changes in certain security prices and interest rate." (10/15/2018)
- 2. Pivotal Research analysts commented, "We updated our estimates and initiated 2018 quarterly forecasts post the recent filing of ATUS’s 10-K. There is no change to our YE’18 target price of $28. We view the stock as attractively valued (at 11X ’18 free cash flow and 8.7X ’19 (ATC is not a full tax payer), however as expected the stock has traded sideways as of late partly driven by issues that should begin to clear up post the spin from parent Altice NV (ATC.NV, Buy)." (3/9/2018)
Has Altice USA been receiving favorable news coverage?
News coverage about ATUS stock has trended negative this week, according to InfoTrie. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Altice USA earned a news sentiment score of -2.4 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future.
Are investors shorting Altice USA?
Altice USA saw a increase in short interest in the month of October. As of October 15th, there was short interest totalling 14,160,765 shares, an increase of 30.0% from the September 28th total of 10,896,850 shares. Based on an average trading volume of 4,330,234 shares, the days-to-cover ratio is currently 3.3 days. Approximately 4.1% of the shares of the company are short sold. View Altice USA's Current Options Chain.
Who are some of Altice USA's key competitors?
Some companies that are related to Altice USA include Rogers Communications (RCI), Liberty Global (LBTYB), Liberty Global (LBTYA), Liberty Global (LBTYK), Discovery Communications (DISCA), DISH Network (DISH), Liberty Broadband Corp Series A (LBRDA), Liberty Broadband Corp Series C (LBRDK), Discovery Inc Series C (DISCK), Viacom (VIAB), Qurate Retail Inc Series B (QRTEB), Shaw Communications (SJR), ITV PLC/ADR (ITVPY), Cable One (CABO) and Roku (ROKU).
Who are Altice USA's key executives?
Altice USA's management team includes the folowing people:
- Mr. Dexter G. Goei, CEO & Director (Age 46)
- Mr. Abdelhakim Boubazine, Co-Pres & COO (Age 42)
- Mr. Charles Fyfe Stewart, Co-Pres, CFO & Director (Age 48)
- Mr. David P. Connolly, Exec. VP, Gen. Counsel & Sec. (Age 46)
- Ms. Lisa Rosenblum, Vice Chairman (Age 63)
When did Altice USA IPO?
(ATUS) raised $1.4 billion in an IPO on Thursday, June 22nd 2017. The company issued 46,600,000 shares at a price of $27.00-$31.00 per share. J.P. Morgan, Morgan Stanley, Citigroup, Goldman, Sachs, BofA Merrill Lynch, Barclays, BNP PARIBAS, Deutsche Bank Securities and RBC Capital Markets acted as the underwriters for the IPO and Scotiabank, SOCIETE GENERALE and TD Securities were co-managers.
Who are Altice USA's major shareholders?
Altice USA's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Dodge & Cox (3.83%), Massachusetts Financial Services Co. MA (1.15%), Pelham Capital Ltd. (1.06%), Lucerne Capital Management LP (1.06%), BlackRock Inc. (0.93%) and Deutsche Bank AG (0.82%). Company insiders that own Altice USA stock include Abdelhakim Boubazine, Bc European Capital Ix Ltd, David Connolly, Lisa Rosenblum, Mark Mullen and Victoria Mink. View Institutional Ownership Trends for Altice USA.
Which institutional investors are selling Altice USA stock?
ATUS stock was sold by a variety of institutional investors in the last quarter, including Thornburg Investment Management Inc., Point72 Asset Management L.P., Boussard & Gavaudan Investment Management LLP, Coronation Fund Managers Ltd., Numen Capital LLP, Man Group plc, FIL Ltd and Evermore Global Advisors LLC. Company insiders that have sold Altice USA company stock in the last year include David Connolly, Lisa Rosenblum and Victoria Mink. View Insider Buying and Selling for Altice USA.
Which institutional investors are buying Altice USA stock?
ATUS stock was bought by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Bank of New York Mellon Corp, Renaissance Technologies LLC, FMR LLC, Zimmer Partners LP, Sylebra HK Co Ltd, Dimensional Fund Advisors LP and Credit Suisse AG. Company insiders that have bought Altice USA stock in the last two years include Abdelhakim Boubazine, Lisa Rosenblum, Mark Mullen and Victoria Mink. View Insider Buying and Selling for Altice USA.
How do I buy shares of Altice USA?
Shares of ATUS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Altice USA's stock price today?
One share of ATUS stock can currently be purchased for approximately $16.43.
How big of a company is Altice USA?
Altice USA has a market capitalization of $12.64 billion and generates $9.33 billion in revenue each year. The company earns $1.52 billion in net income (profit) each year or $0.02 on an earnings per share basis. Altice USA employs 9,414 workers across the globe.
What is Altice USA's official website?
How can I contact Altice USA?
Altice USA's mailing address is 1 Court Square West, Long Island City NY, 11101. The company can be reached via phone at 516-803-2300 or via email at [email protected]
MarketBeat Community Rating for Altice USA (NYSE ATUS)
MarketBeat's community ratings are surveys of what our community members think about Altice USA and other stocks. Vote "Outperform" if you believe ATUS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ATUS will underperform the S&P 500 over the long term. You may vote once every thirty days.
