During the last session, Altice USA Inc. (NYSE:ATUS)’s traded shares were 4.05 million, with the beta value of the company hitting 1.33. At the end of the trading day, the stock’s price was $8.36, reflecting an intraday gain of 1.21% or $0.1. The 52-week high for the ATUS share is $35.24, that puts it down -321.53 from that peak though still a striking 9.33% gain since the share price plummeted to a 52-week low of $7.58. The company’s market capitalization is $2.25B, and the average intraday trading volume over the past 10 days was 3.98 million shares, and the average trade volume was 4.43 million shares over the past three months.
Altice USA Inc. (ATUS) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.70. ATUS has a Sell rating from 0 analyst(s) out of 25 analysts who have looked at this stock. 16 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.32.
Altice USA Inc. (NYSE:ATUS) trade information
Altice USA Inc. (ATUS) registered a 1.21% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.21% in intraday trading to $8.36 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -5.43%, and it has moved by -22.52% in 30 days. Based on these gigs, the overall price performance for the year is -75.52%. The short interest in Altice USA Inc. (NYSE:ATUS) is 37.5 million shares and it means that shorts have 9.07 day(s) to cover.
The consensus price target of analysts on Wall Street is $15.43, which implies an increase of 45.82% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8.00 and $39.00 respectively. As a result, ATUS is trading at a discount of -366.51% off the target high and 4.31% off the low.
Altice USA Inc. (ATUS) estimates and forecasts
Statistics show that Altice USA Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Altice USA Inc. (ATUS) shares have gone down -45.07% during the last six months, with a year-to-date growth rate less than the industry average at -29.91% against 14.70. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -25.60% this quarter and then drop -31.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -2.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $2.44 billion as predicted by 15 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to $2.46 billion by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $2.52 billion and $2.57 billion respectively. In this case, analysts expect current quarter sales to shrink by -3.00% and then drop by -4.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 31.30%. While earnings are projected to return 186.70% in 2022, the next five years will return -6.40% per annum.
Altice USA Inc. is due to release its next quarterly earnings between April 26 and May 02. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Altice USA Inc. (NYSE:ATUS)’s Major holders
Altice USA Inc. insiders own 11.72% of total outstanding shares while institutional holders control 58.09%, with the float percentage being 65.80%. Clarkston Capital Partners LLC is the largest shareholder of the company, while 493 institutions own stock in it. As of Mar 30, 2022, the company held over 27.55 million shares (or 14.95% of all shares), a total value of $343.88 million in shares.
The next largest institutional holding, with 20.14 million shares, is of Barrow, Hanley Mewhinney & Strauss, LLC’s that is approximately 10.92% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $325.82 million.
Also, the Mutual Funds coming in first place with the largest holdings of Altice USA Inc. (ATUS) shares are Vanguard Total Stock Market Index Fund and Alps Ser Tr-Clarkston Partners Fd. Data provided on Dec 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 6.1 million shares. This amounts to just over 3.31 percent of the company’s overall shares, with a $98.78 million market value. The same data shows that the other fund manager holds slightly less at 6.1 million, or about 3.31% of the stock, which is worth about $98.7 million.