Brokerages forecast that Altice USA Inc (NYSE:ATUS) will announce $2.46 billion in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Altice USA’s earnings. The lowest sales estimate is $2.45 billion and the highest is $2.47 billion. Altice USA posted sales of $2.37 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 3.8%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 26th.
On average, analysts expect that Altice USA will report full year sales of $9.57 billion for the current year, with estimates ranging from $9.56 billion to $9.58 billion. For the next year, analysts forecast that the business will report sales of $9.82 billion, with estimates ranging from $9.78 billion to $9.90 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Altice USA.
A number of brokerages have weighed in on ATUS. ValuEngine raised shares of Altice USA from a “hold” rating to a “buy” rating in a research note on Wednesday. Nomura began coverage on shares of Altice USA in a research note on Wednesday, January 16th. They set a “buy” rating and a $25.00 target price for the company. Wolfe Research started coverage on shares of Altice USA in a research note on Friday, December 7th. They set an “outperform” rating for the company. Citigroup reduced their price target on shares of Altice USA from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, November 29th. Finally, UBS Group started coverage on shares of Altice USA in a research report on Thursday, November 15th. They set a “buy” rating and a $26.00 price target for the company. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Altice USA presently has an average rating of “Buy” and a consensus target price of $24.65.
Shares of NYSE ATUS traded up $0.16 on Friday, reaching $21.59. 3,653,300 shares of the company’s stock traded hands, compared to its average volume of 5,298,033. Altice USA has a 12 month low of $14.49 and a 12 month high of $21.81. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 1,079.50 and a beta of 1.07. The company has a debt-to-equity ratio of 6.11, a quick ratio of 0.45 and a current ratio of 0.45.
About Altice USA
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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