Altice USA Inc (NYSE:ATUS) has a beta value of 1.60 and has seen 0.72 million shares traded in the recent trading session. The company, currently valued at $1.34B, closed the recent trade at $2.88 per share which meant it gained $0.01 on the day or 0.52% during that session. The ATUS stock price is -11.11% off its 52-week high price of $3.20 and 47.22% above the 52-week low of $1.52.
The consensus among analysts is that Altice USA Inc (ATUS) is Buy stock at the moment, with a recommendation rating of 2.94. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 8 out of 18 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.07.
Altice USA Inc (NYSE:ATUS) trade information
Sporting 0.52% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ATUS stock price touched $2.88 or saw a rise of 10.0%. Year-to-date, Altice USA Inc shares have moved 19.71%, while the 5-day performance has seen it change -0.86%. Over the past 30 days, the shares of Altice USA Inc (NYSE:ATUS) have changed 4.53%.
Wall Street analysts have a consensus price target for the stock at $13, which means that the shares’ value could jump 77.85% from the levels at last check today. The projected low price target is $1.0 while the price target rests at a high of $43.0. In that case, then, we find that the latest price level in today’s session is -1393.06% off the targeted high while a plunge would see the stock lose 65.28% from the levels at last check today.
Altice USA Inc (ATUS) estimates and forecasts
The company’s shares have gained 83.76% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -4.15%.
11 analysts offering their estimates for the company have set an average revenue estimate of 2.16B for the current quarter. 10 have an estimated revenue figure of 2.15B for the next ending quarter. Year-ago sales stood 2.25B and 2.24B respectively for this quarter and the next, and analysts expect sales will shrink by -4.07% for the current quarter and -4.15% for the next.
Earnings growth for 2025 is a modest 22.48% while over the next 5 years, the company’s earnings are expected to increase by 21.51%.
ATUS Dividends
Altice USA Inc is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Altice USA Inc (NYSE:ATUS)’s Major holders
The top two institutional holders are FMR LLC with over 31.9 million shares worth more than $65.09 million. As of 2024-06-30, FMR LLC held 6.9359% of shares outstanding.
The other major institutional holder is CLARKSTON CAPITAL PARTNERS, LLC, with the holding of over 31.24 million shares as of 2024-06-30. The firm’s total holdings are worth over $63.74 million and represent 6.7921% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Sep 30, 2024, the former fund manager holds about 1.47% shares in the company for having 6.82 shares of worth $19.64 million while later fund manager owns 5.54 shares of worth $15.96 million as of Sep 30, 2024, which makes it owner of about 1.20% of company’s outstanding stock.
