Zacks Research Research Analysts Reduce Earnings Estimates for Altice USA, Inc. (NYSE:ATUS)

Altice USA, Inc. (NYSE:ATUS) – Equities research analysts at Zacks Research lowered their FY2026 EPS estimates for Altice USA in a report issued on Monday, April 15th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $0.14 per share for the year, down from their previous forecast of $0.16. The consensus estimate for Altice USA’s current full-year earnings is $0.22 per share.

A number of other research analysts also recently weighed in on the stock. Wells Fargo & Company downgraded shares of Altice USA from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $2.00 to $1.00 in a research report on Friday, April 5th. Evercore ISI reissued an “in-line” rating and issued a $3.00 price objective on shares of Altice USA in a research note on Tuesday, March 26th. Benchmark reaffirmed a “buy” rating and set a $5.00 target price on shares of Altice USA in a research note on Wednesday, March 20th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Altice USA in a research note on Thursday, April 11th. Finally, BNP Paribas cut shares of Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 price objective for the company. in a research note on Tuesday, April 9th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.90.

Altice USA Stock Performance

Shares of NYSE ATUS opened at $1.95 on Tuesday. The company has a market cap of $889.43 million, a PE ratio of 16.25 and a beta of 1.35. The firm’s 50 day moving average price is $2.43 and its 200-day moving average price is $2.55. Altice USA has a 52-week low of $1.75 and a 52-week high of $3.82.

Altice USA (NYSE:ATUS) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.33). The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Altice USA had a net margin of 0.58% and a negative return on equity of 12.81%. Altice USA’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.43) EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank grew its position in Altice USA by 579.0% during the 3rd quarter. Comerica Bank now owns 8,555 shares of the company’s stock worth $28,000 after purchasing an additional 7,295 shares during the last quarter. Ground Swell Capital LLC acquired a new position in shares of Altice USA in the 2nd quarter valued at $30,000. Montag A & Associates Inc. acquired a new position in shares of Altice USA in the 4th quarter valued at $32,000. Equitable Holdings Inc. acquired a new position in shares of Altice USA in the 1st quarter valued at $34,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in Altice USA during the third quarter worth $37,000. Hedge funds and other institutional investors own 54.85% of the company’s stock.

Altice USA 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 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.