Factors Likely to Have Influenced Earnings Results Altice USA (NYSE:ATUS)

Earnings results for Altice USA (NYSE:ATUS)

Altice USA, Inc. is expected* to report earnings on 04/28/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.29. The reported EPS for the same quarter last year was $0.

Altice USA last released its earnings data on February 9th, 2021. The reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.23. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Its quarterly revenue was up 2.5% compared to the same quarter last year. Altice USA has generated $0.50 earnings per share over the last year and currently has a price-to-earnings ratio of 196.1. Altice USA has confirmed that its next quarterly earnings report will be published on Wednesday, April 28th, 2021.

Analyst Opinion on Altice USA (NYSE:ATUS)

18 Wall Street analysts have issued ratings and price targets for Altice USA in the last 12 months. Their average twelve-month price target is $38.53, predicting that the stock has a possible upside of 9.15%. The high price target for ATUS is $46.00 and the low price target for ATUS is $33.00. There are currently 7 hold ratings, 10 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Buy.”

Altice USA has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 10 buy ratings, 7 hold ratings, and no sell ratings. According to analysts’ consensus price target of $38.53, Altice USA has a forecasted upside of 9.1% from its current price of $35.30. Altice USA has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Altice USA (NYSE:ATUS)

Altice USA does not currently pay a dividend. Altice USA does not have a long track record of dividend growth.

Insiders buying/selling: Altice USA (NYSE:ATUS)

In the past three months, Altice USA insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $267,350.00 in company stock. 46.40% of the stock of Altice USA is held by insiders. A high percentage of insider ownership can be a sign of company health. 58.66% of the stock of Altice USA is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Altice USA (NYSE:ATUS

Earnings for Altice USA are expected to grow by 82.76% in the coming year, from $0.87 to $1.59 per share. The P/E ratio of Altice USA is 196.12, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.36. The P/E ratio of Altice USA is 196.12, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 70.02. Altice USA has a P/B Ratio of 9.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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