Altice USA (NYSE:ATUS) Issues Earnings Results
Altice USA (NYSE:ATUS) issued its quarterly earnings data on Tuesday. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12, Briefing.com reports. Altice USA had a return on equity of 15.68% and a net margin of 3.61%. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.48 billion. During the same period in the prior year, the business posted $0.04 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year.
Shares of NYSE ATUS traded up $0.08 during midday trading on Friday, hitting $26.49. The company’s stock had a trading volume of 146,215 shares, compared to its average volume of 4,781,053. The business’s 50 day moving average is $29.25 and its two-hundred day moving average is $26.49. The firm has a market cap of $20.31 billion, a P/E ratio of 331.06 and a beta of 0.92. Altice USA has a 12-month low of $15.15 and a 12-month high of $31.78. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 9.18.
ATUS has been the topic of a number of recent research reports. TD Securities decreased their price objective on Altice USA from $33.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday. Citigroup increased their price target on Altice USA from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Sanford C. Bernstein started coverage on Altice USA in a report on Tuesday, October 15th. They issued an “outperform” rating and a $38.00 price target on the stock. KeyCorp increased their price target on Altice USA from $25.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Stephens increased their price target on Altice USA from $6.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.00.
Altice USA Company Profile
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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