In the last trading session, 2.49 million Altice USA Inc (NYSE:ATUS) shares changed hands as the company’s beta touched 1.59. With the company’s per share price at $2.83 changed hands at $0.02 or 0.71% during last session, the market valuation stood at $1.31B. ATUS’s last price was a discount, traded about -13.07% off its 52-week high of $3.20. The share price had its 52-week low at $1.52, which suggests the last value was 46.29% up since then.
Analysts gave the Altice USA Inc (ATUS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.94. If we narrow down to specifics, the data shows that 2 out of 18 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 8 recommended ATUS as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Altice USA Inc’s EPS for the current quarter is expected to be -0.07.
Altice USA Inc (NYSE:ATUS) trade information
Instantly ATUS was in green as seen at the end of in last trading. With action -1.39%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 17.43%, with the 5-day performance at -1.39% in the red. However, in the 30-day time frame, Altice USA Inc (NYSE:ATUS) is -9.00% down.
The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need an upside of 78.23% from its current market value. According to analyst projections, ATUS’s forecast low is 1 with 43 as the target high. To hit the forecast high, the stock’s price needs a -1419.43% plunge from its current level, while the stock would need to tank 64.66% for it to hit the projected low.
Altice USA Inc (ATUS) estimates and forecasts
Year-over-year growth is forecast to reach -4.15% down from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 2.16B. 10 analysts are of the opinion that Altice USA Inc’s revenue for the current quarter will be 2.15B. The company’s revenue for the corresponding quarters a year ago was 2.25B and 2.24B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.07%. The estimates for the next quarter sales put growth at -4.08%.
The 2025 estimates are for Altice USA Inc earnings to increase by 22.48%, but the outlook for the next 5-year period is at 21.51% per year.
ATUS Dividends
Altice USA Inc is expected to release its next quarterly earnings report in March.
CLARKSTON CAPITAL PARTNERS, LLC holds the second largest percentage of outstanding shares, with 6.7921% or 31.24 million shares worth $63.74 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund . With 6.82 shares estimated at $19.3 million under it, the former controlled 1.47% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 1.20% of the shares, roughly 5.54 shares worth around $15.68 million.
