In last trading session, Altice USA Inc (NYSE:ATUS) saw 2.2 million shares changing hands with its beta currently measuring 1.39. Company’s recent per share price level of $2.03 trading at $0.1 or 5.18% at ring of the bell on the day assigns it a market valuation of $925.92M. That closing price of ATUS’s stock is at a discount of -88.18% from its 52-week high price of $3.82 and is indicating a premium of 13.79% from its 52-week low price of $1.75. Taking a look at company’s average trading volume volume of 3.98 million if we extend that period to 3-months.
Altice USA Inc (NYSE:ATUS) trade information
Upright in the green during last session for gaining 5.18%, in the last five days ATUS remained trading in the green while hitting it’s week-highest on Monday, 04/29/24 when the stock touched $2.03 price level, adding 8.56% to its value on the day. Altice USA Inc’s shares saw a change of -37.54% in year-to-date performance and have moved 3.57% in past 5-day. Altice USA Inc (NYSE:ATUS) showed a performance of -18.80% in past 30-days.
Altice USA Inc (ATUS) estimates and forecasts
Statistics highlight that Altice USA Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -25.91% of value to its shares in past 6 months, showing an annual growth rate of 100.00% while that of industry is 17.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -100.00% in the current quarter and calculating -58.80% decrease in the next quarter. This year revenue growth is estimated to fall -2.60% from the last financial year’s standing.
15 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.24 billion for the same. And 13 analysts are in estimates of company making revenue of $2.25 billion in the next quarter that will end on Jun 2024. Company posted $2.29 billion and $2.32 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -2.40% while estimating it to be -3.00% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 35.28% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 95.27% while estimates for its earnings growth in next 5 years are of -0.20%.
ATUS Dividends
Altice USA Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
