Q1 EPS Estimate for Optimum Communications Cut by Analyst

Optimum Communications, Inc. (NYSE:OPTU) – Zacks Research dropped their Q1 2026 earnings per share estimates for shares of Optimum Communications in a research report issued to clients and investors on Thursday, March 5th. Zacks Research analyst Team now forecasts that the company will post earnings per share of ($0.16) for the quarter, down from their previous estimate of ($0.08). Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Optimum Communications’ current full-year earnings is ($0.24) per share. Zacks Research also issued estimates for Optimum Communications’ Q3 2026 earnings at ($0.16) EPS, Q4 2026 earnings at ($0.10) EPS, FY2026 earnings at ($0.52) EPS, Q1 2027 earnings at ($0.01) EPS, Q3 2027 earnings at ($0.15) EPS, Q4 2027 earnings at ($0.12) EPS and FY2027 earnings at ($0.39) EPS.

A number of other research firms also recently commented on OPTU. Citigroup downgraded shares of Optimum Communications from a “buy” rating to a “neutral” rating in a research report on Sunday, February 15th. Benchmark downgraded shares of Optimum Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Optimum Communications in a research report on Wednesday, January 21st. Finally, Evercore set a $2.00 target price on Optimum Communications in a report on Friday, February 13th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $2.19.

Optimum Communications Trading Up 0.3%

Shares of NYSE:OPTU opened at $1.49 on Monday. The firm has a 50 day simple moving average of $1.65 and a 200-day simple moving average of $1.97. Optimum Communications has a twelve month low of $1.38 and a twelve month high of $2.98. The company has a market capitalization of $698.63 million, a PE ratio of -0.37 and a beta of 1.51.

Optimum Communications (NYSE:OPTU) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.14). During the same quarter in the prior year, the firm posted ($0.12) EPS. Optimum Communications’s quarterly revenue was down 2.3% compared to the same quarter last year.

Insider Buying and Selling at Optimum Communications

In other news, General Counsel Michael Olsen sold 250,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $1.60, for a total value of $400,000.00. Following the transaction, the general counsel directly owned 1,496,277 shares in the company, valued at $2,394,043.20. This trade represents a 14.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 44.60% of the company’s stock.

Institutional Trading of Optimum Communications

A number of hedge funds have recently made changes to their positions in OPTU. Swiss Life Asset Management Ltd bought a new stake in Optimum Communications during the third quarter valued at $26,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Optimum Communications in the 3rd quarter valued at approximately $27,000. Cibc World Markets Corp acquired a new stake in Optimum Communications in the fourth quarter worth about $29,000. Voleon Capital Management LP acquired a new stake in shares of Optimum Communications in the 3rd quarter worth approximately $31,000. Finally, Xponance LLC bought a new position in shares of Optimum Communications in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 54.85% of the company’s stock.

Optimum Communications 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 approximately five million 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.