Altice USA Inc (NYSE:ATUS)’s traded shares stood at 1.7 million during the last session, with the company’s beta value hitting 1.52. At the close of trading, the stock’s price was $2.44, to imply a decrease of -1.21% or -$0.03 in intraday trading. The ATUS share’s 52-week high remains $3.66, putting it -50.0% down since that peak but still an impressive 37.7% since price per share fell to its 52-week low of $1.52. The company has a valuation of $1.12B, with an average of 2.76 million shares in intraday trading volume over the past 10 days and average of 3.71 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Altice USA Inc (ATUS), translating to a mean rating of 3.16. Of 18 analyst(s) looking at the stock, 2 analyst(s) give ATUS a Sell rating. 0 of those analysts rate the stock as Overweight while 8 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.04.
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Altice USA Inc (NYSE:ATUS) trade information
After registering a -1.21% downside in the last session, Altice USA Inc (ATUS) has traded red over the past five days. The 5-day price performance for the stock is -1.21%, and 19.61% over 30 days. With these gigs, the year-to-date price performance is -24.92%. Short interest in Altice USA Inc (NYSE:ATUS) saw shorts transact 25.95 million shares and set a 6.86 days time to cover.
The extremes give us $1 and $43 for target low and target high price respectively. As such, ATUS has been trading -1662.3% off suggested target high and 59.02% from its likely low.
Altice USA Inc (ATUS) estimates and forecasts
Looking at statistics comparing Altice USA Inc share performance against respective industry, we note that the company has underperformed competitors. Altice USA Inc (ATUS) shares are -5.06% down over the last 6 months, with its year-to-date growth rate lower than industry average at -16.67% against 32.80%. Revenue is forecast to shrink -73.30% this quarter before jumping 123.10% for the next one. The rating firms project that company’s revenue will shrink -2.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 13 analysts is 2.24B. Meanwhile, for the current quarter, a total of 12 analyst(s) estimate revenue growth to 2.25B.Earnings reports from the last fiscal year show that sales brought in 2.3B and 2.3B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -2.40% before dropping -2.30% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 35.28% for the past 5-year period. While 2024 is set for a 2.20% return in earnings, projections for the next 5 years are at -0.20% annually.
ATUS Dividends
Altice USA Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Altice USA Inc (NYSE:ATUS)’s Major holders
Altice USA Inc insiders hold 11.45% of total outstanding shares, with institutional holders owning 49.45% of the shares at 55.85% float percentage. In total, 49.45% institutions holds shares in the company, led by FMR LLC. As of 2024-06-30, the company held over 31.9 million shares (or 6.9758% of shares), all amounting to roughly $65.09 million.
The next major institution holding the largest number of shares is CLARKSTON CAPITAL PARTNERS, LLC with 31.24 million shares, or about 6.8311% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $63.74 million.
