Altice USA (NYSE:ATUS) Issues Earnings Results

Altice USA (NYSE:ATUS) issued its quarterly earnings results on Thursday. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.05, MarketWatch Earnings reports. Altice USA had a net margin of 1.91% and a return on equity of 12.81%. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion.

NYSE ATUS traded up $1.94 during trading on Friday, hitting $26.99. The company’s stock had a trading volume of 17,714,226 shares, compared to its average volume of 4,514,464. Altice USA has a fifty-two week low of $15.95 and a fifty-two week high of $31.78. The company has a market cap of $16.02 billion, a PE ratio of 87.06 and a beta of 0.90. The company has a debt-to-equity ratio of 15.43, a current ratio of 0.49 and a quick ratio of 0.49. The business’s 50 day simple moving average is $23.92 and its 200-day simple moving average is $25.02.

In related news, Director Alt S.A.R.L. Next sold 400,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $24.32, for a total value of $9,728,000.00. Following the completion of the transaction, the director now directly owns 41,369,305 shares of the company’s stock, valued at approximately $1,006,101,497.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 4,138,846 shares of company stock worth $101,250,568. Corporate insiders own 45.00% of the company’s stock.

Several research firms recently commented on ATUS. TheStreet raised shares of Altice USA from a “d-” rating to a “c” rating in a research note on Monday, June 22nd. Citigroup boosted their price target on Altice USA from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Nomura reissued a “buy” rating and issued a $42.00 target price on shares of Altice USA in a report on Sunday, May 3rd. HSBC upgraded Altice USA from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Wednesday, July 15th. Finally, TD Securities reaffirmed a “hold” rating and issued a $28.00 price target on shares of Altice USA in a research report on Tuesday, April 28th. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $31.58.

About Altice USA

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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Earnings History for Altice USA (NYSE:ATUS)

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