Q3 EPS Forecast for Optimum Communications Cut by Analyst

Optimum Communications, Inc. (NYSE:OPTU) – Equities researchers at Zacks Research reduced their Q3 2026 earnings estimates for shares of Optimum Communications in a research report issued on Tuesday, March 17th. Zacks Research analyst Team now forecasts that the company will post earnings of ($0.19) per share for the quarter, down from their previous estimate of ($0.16). 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’ FY2026 earnings at ($0.54) EPS, Q3 2027 earnings at ($0.16) EPS, Q4 2027 earnings at ($0.21) EPS, FY2027 earnings at ($0.49) EPS and FY2028 earnings at ($0.69) EPS.

Optimum Communications (NYSE:OPTU) last posted its 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 period in the previous year, the business earned ($0.12) EPS. Optimum Communications’s revenue was down 2.3% compared to the same quarter last year.

A number of other research analysts have also commented on OPTU. Raymond James Financial lowered Optimum Communications from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Optimum Communications in a report on Wednesday, January 21st. Evercore set a $2.00 target price on Optimum Communications in a research report on Friday, February 13th. Citigroup downgraded Optimum Communications from a “buy” rating to a “neutral” rating in a report on Sunday, February 15th. Finally, Benchmark lowered shares of Optimum Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Optimum Communications currently has an average rating of “Reduce” and an average target price of $2.19.

Optimum Communications Price Performance

Shares of NYSE:OPTU opened at $1.37 on Thursday. The stock has a market capitalization of $642.18 million, a P/E ratio of -0.34 and a beta of 1.51. The business has a 50-day moving average of $1.61 and a two-hundred day moving average of $1.94. Optimum Communications has a fifty-two week low of $1.30 and a fifty-two week high of $2.98.

Institutional Trading of Optimum Communications

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OPTU. Royal Bank of Canada lifted its holdings in shares of Optimum Communications by 365.8% during the first quarter. Royal Bank of Canada now owns 2,171,000 shares of the company’s stock worth $5,775,000 after buying an additional 1,704,908 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Optimum Communications by 4.7% in the first quarter. AQR Capital Management LLC now owns 806,675 shares of the company’s stock worth $2,146,000 after acquiring an additional 36,260 shares during the last quarter. Millennium Management LLC grew its stake in shares of Optimum Communications by 10.5% in the first quarter. Millennium Management LLC now owns 5,516,311 shares of the company’s stock worth $14,673,000 after acquiring an additional 524,169 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Optimum Communications by 46.6% during the first quarter. Goldman Sachs Group Inc. now owns 6,397,047 shares of the company’s stock worth $17,016,000 after acquiring an additional 2,031,971 shares during the period. Finally, Caxton Associates LLP bought a new position in Optimum Communications during the first quarter worth $88,000. Institutional investors and hedge funds own 54.85% of the company’s stock.

Insider Activity at Optimum Communications

In other news, General Counsel Michael Olsen sold 250,000 shares of Optimum Communications 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 approximately $2,394,043.20. The trade was a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 44.60% 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.