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.
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Industry, Sector and Symbol
Industry Cable & other pay television services
Sub-IndustryN/A
SectorN/A
WebN/A
PhoneN/A
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$9.76 billion
Profitability
Miscellaneous
Employees12,185
Next Earnings Date5/7/2020 (Estimated)
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 were Altice USA's earnings last quarter?
Altice USA Inc (NYSE:ATUS) posted its quarterly earnings data on Wednesday, February, 12th. The company reported $0.10 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.20 by $0.10. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.51 billion. Altice USA had a net margin of 1.42% and a return on equity of 12.98%. The firm's quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business earned $0.30 EPS. View Altice USA's Earnings History.
When is Altice USA's next earnings date?
What price target have analysts set for ATUS?
18 equities research analysts have issued 12 month price targets for Altice USA's stock. Their forecasts range from $8.00 to $42.00. On average, they anticipate Altice USA's stock price to reach $32.76 in the next year. This suggests a possible upside of 14.1% 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 5 hold ratings, 12 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. Pivotal Research analysts commented, "We raised our target ’20 market cap/’20 FCF target multiple from 11.5X to 14X which drove a $8 increase in our YE’20 target price to $40. For additional context, if ATUS were to trade to our target multiple for CHTR (BUY) would imply an ATUS target of $48, or nearly double current levels." (7/31/2019)
- 2. According to Zacks Investment Research, "Altice is on track with its five-year plan to build a fiber-to-the-home network and deploy its home communications hub to meet the demand for increased data speed and support evolving technologies. It has been rolling out enhanced data and services for its customers and has upgraded its Altice One entertainment and connectivity platform. It is building the next-generation fiber network to deliver broadband speed of 10 Gbps, underscoring its continual investment in technology and innovation for customers in the United States. The stock has outperformed the industry over the past year on average. However, higher programming cost per customer due to increase in contractual rates reduces the company’s operating margin. It operates in a highly competitive market against a variety of broadband, pay television and delivery system players. Altice is also susceptible to risks arising from fluctuations in foreign currency exchange rate." (4/30/2019)
Has Altice USA been receiving favorable news coverage?
News stories about ATUS stock have been trending neutral this week, according to InfoTrie. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Altice USA earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Altice USA.
Are investors shorting Altice USA?
Altice USA saw a decline in short interest during the month of January. As of January 31st, there was short interest totalling 18,550,000 shares, a decline of 10.2% from the January 15th total of 20,660,000 shares. Based on an average daily trading volume, of 5,020,000 shares, the days-to-cover ratio is presently 3.7 days. Currently, 5.1% of the shares of the company are sold short. View Altice USA's Current Options Chain.
What other stocks do shareholders of Altice USA own?
Who are Altice USA's key executives?
Altice USA's management team includes the folowing people:
- Mr. Dexter G. Goei, CEO & Director (Age 47)
- Mr. Abdelhakim Boubazine, Co-Pres & COO (Age 43)
- Mr. Charles Fyfe Stewart, Co-Pres, CFO & Director (Age 49)
- Ms. Lisa Rosenblum, Vice Chairman (Age 64)
- Mr. David P. Connolly, Special Advisor to CEO (Age 47)
When did Altice USA IPO?
(ATUS) raised $1.4 billion in an initial public offering 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 number of of retail and institutional investors. Top institutional shareholders include Soroban Capital Partners LP (4.08%), Boston Partners (1.52%), Renaissance Technologies LLC (1.40%), FMR LLC (1.38%), Pelham Capital Ltd. (1.35%) and Massachusetts Financial Services Co. MA (1.33%). Company insiders that own Altice USA stock include Alt SARL Next, Colleen Schmidt, David Connolly, Dennis Okhuijsen, Gerrit Jan Bakker, Lisa Rosenblum, Michael Olsen, SARL Suddenvision and Victoria Mink. View Institutional Ownership Trends for Altice USA.
Which major investors are selling Altice USA stock?
ATUS stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Lucerne Capital Management LP, Samlyn Capital LLC, Coronation Fund Managers Ltd., State Street Corp, Renaissance Technologies LLC, Mackay Shields LLC and First Trust Advisors LP. Company insiders that have sold Altice USA company stock in the last year include Alt SARL Next, Colleen Schmidt, Dennis Okhuijsen, Gerrit Jan Bakker, Michael Olsen and SARL Suddenvision. View Insider Buying and Selling for Altice USA.
Which major investors are buying Altice USA stock?
ATUS stock was acquired by a variety of institutional investors in the last quarter, including Soroban Capital Partners LP, Honeycomb Asset Management LP, Marshall Wace North America L.P., Marshall Wace LLP, Pelham Capital Ltd., Assenagon Asset Management S.A., Verde Servicos Internacionais S.A. and Soros Capital Management LLC. 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, Robinhood, Fidelity and Charles Schwab.
What is Altice USA's stock price today?
One share of ATUS stock can currently be purchased for approximately $28.71.
How big of a company is Altice USA?
Altice USA has a market capitalization of $18.28 billion and generates $9.76 billion in revenue each year. The company earns $18.83 million in net income (profit) each year or $0.50 on an earnings per share basis. Altice USA employs 12,185 workers across the globe.View Additional Information About Altice USA.
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.
