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. is a subsidiary of Altice N.V.
Industry, Sector and Symbol
Industry Cable & other pay television services
Sub-IndustryN/A
SectorComputer and Technology
SymbolNYSE:ATUS
CUSIPN/A
Phone516-803-2300
Debt
Debt-to-Equity Ratio4.04
Current Ratio0.70
Quick Ratio0.70
Price-To-Earnings
Trailing P/E Ratio855.00
Forward P/E Ratio-285.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$9.33 billion
Price / Sales1.35
Cash Flow$3.8864 per share
Price / Cash4.40
Book Value$7.46 per share
Price / Book2.29
Profitability
EPS (Most Recent Fiscal Year)$0.02
Net Income$1.52 billion
Net Margins15.69%
Return on Equity-6.78%
Return on Assets-0.82%
Miscellaneous
Employees9,414
Outstanding Shares737,070,000
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. Investors 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) announced its quarterly earnings results on Wednesday, May, 9th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by $0.05. The firm earned $2.33 billion during the quarter, compared to analyst estimates of $2.34 billion. Altice USA had a negative return on equity of 6.78% and a net margin of 15.69%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned ($0.12) EPS. View Altice USA's Earnings History.
What price target have analysts set for ATUS?
21 Wall Street analysts have issued 1 year target prices for Altice USA's shares. Their predictions range from $19.91 to $36.00. On average, they expect Altice USA's stock price to reach $28.3850 in the next year. 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 has underperformed the industry in the last three months on an average. Stiff competition from established players in the market and high programing costs remain perennial problems for the company. Moreover, consumers’ selection of an alternate source of service due to economic constraints, technological advances or preference can curb demand for the company’s services. In addition, Altice remains susceptible to risks associated with fluctuations in foreign currency exchange rates with increased presence across the globe. Earnings estimate of the company for the current year have decreased over the past month, signifying negative investor perception. However, Altice remains on track with its five-year plan to build a FTTH network and deploy its new home communications hub to capitalize on associated revenue-growth opportunities." (5/1/2018)
- 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)
Are investors shorting Altice USA?
Altice USA saw a increase in short interest during the month of May. As of May 15th, there was short interest totalling 32,720,825 shares, an increase of 21.5% from the April 30th total of 26,931,898 shares. Based on an average daily trading volume, of 2,770,542 shares, the days-to-cover ratio is currently 11.8 days. Currently, 27.8% of the shares of the stock are sold short.
Who are some of Altice USA's key competitors?
Some companies that are related to Altice USA include Liberty Global PLC Class B (LBTYB), Rogers Communications Inc. Class B (RCI), Liberty Global PLC Class A (LBTYA), Liberty Global PLC Class C (LBTYK), DISH Network (DISH), DISCOVERY COMMUNICATIONS INC. Common Stock (DISCA), Liberty Broadband Corp Series C (LBRDK), Liberty Broadband Corp Series A (LBRDA), Discovery Communications (DISCK), Viacom, Inc. Class B (VIAB), Shaw Communications Inc Class B (SJR), Qurate Retail Inc Series B (QRTEB), ITV PLC/ADR (ITVPY), Roku (ROKU) and Cable One (CABO).
Who are Altice USA's key executives?
Altice USA's management team includes the folowing people:
- Mr. Dexter G. Goei, Chairman & CEO (Age 46)
- Mr. Abdelhakim Boubazine, Co-Pres & COO (Age 42)
- Mr. Charles Fyfe Stewart, Co-Pres & CFO (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 initial public offering (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 served as the underwriters for the IPO and Scotiabank, SOCIETE GENERALE and TD Securities were co-managers.
Has Altice USA been receiving favorable news coverage?
News coverage about ATUS stock has been trending somewhat negative on Wednesday, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Altice USA earned a daily sentiment score of -0.02 on Accern's scale. They also assigned news articles about the company an impact score of 40.10 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are Altice USA's major shareholders?
Altice USA's stock is owned by many different of institutional and retail investors. Top institutional investors include Royal Bank of Canada (1.88%), Massachusetts Financial Services Co. MA (1.06%), Lucerne Capital Management LP (1.01%), BlackRock Inc. (0.53%), Zimmer Partners LP (0.51%) and Thornburg Investment Management Inc. (0.27%). Company insiders that own Altice USA stock include Abdelhakim Boubazine, Bc European Capital Ix Ltd, Lisa Rosenblum, Mark Mullen 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, Quadrature Capital Ltd, Point72 Asset Management L.P. and UBS Group AG. View Insider Buying and Selling for Altice USA.
Which major investors are buying Altice USA stock?
ATUS stock was purchased by a variety of institutional investors in the last quarter, including Royal Bank of Canada, Sylebra HK Co Ltd, Lucerne Capital Management LP, BlackRock Inc., Reaves W H & Co. Inc., Zimmer Partners LP, Millennium Management LLC and Pin Oak Investment Advisors Inc.. 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 $17.10.
How big of a company is Altice USA?
Altice USA has a market capitalization of $13.11 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.
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 (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.
