Wall Street analysts expect that Altice USA Inc (NASDAQ:ATUS) will post ($0.01) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Altice USA’s earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at ($0.05). The business is expected to report its next earnings report on Thursday, October 26th.

According to Zacks, analysts expect that Altice USA will report full-year earnings of ($0.61) per share for the current year, with EPS estimates ranging from ($0.85) to ($0.19). For the next fiscal year, analysts anticipate that the firm will report earnings of $0.37 per share, with EPS estimates ranging from $0.07 to $0.57. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Altice USA.

A number of equities research analysts recently weighed in on the company. Deutsche Bank AG initiated coverage on Altice USA in a research note on Monday, July 17th. They set a “buy” rating and a $36.00 price objective for the company. BNP Paribas initiated coverage on Altice USA in a research note on Tuesday, July 18th. They issued an “outperform” rating and a $36.00 price target for the company. Citigroup Inc. initiated coverage on Altice USA in a research note on Monday, July 17th. They issued a “buy” rating and a $44.00 price target for the company. Morgan Stanley initiated coverage on Altice USA in a research note on Monday, July 17th. They issued an “equal weight” rating and a $31.00 price target for the company. Finally, Bank of America Corporation initiated coverage on Altice USA in a research note on Monday, July 17th. They issued a “neutral” rating and a $36.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $36.42.

In other news, major shareholder Bc European Capital Ix Ltd sold 36,197,360 shares of the stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $29.01, for a total value of $1,050,085,413.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mark Mullen acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was purchased at an average cost of $30.00 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $150,000. The disclosure for this purchase can be found here. Insiders bought 74,000 shares of company stock worth $2,220,000 over the last three months.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Altice USA during the second quarter worth $1,801,000. Susquehanna International Group LLP purchased a new position in shares of Altice USA during the second quarter worth $629,000. Naya Capital Management UK Ltd. purchased a new position in shares of Altice USA during the second quarter worth $25,972,000. Maverick Capital Ltd. purchased a new position in shares of Altice USA during the second quarter worth $6,214,000. Finally, Macquarie Group Ltd. purchased a new position in shares of Altice USA during the second quarter worth $877,000.

WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/08/18/altice-usa-inc-atus-expected-to-post-earnings-of-0-01-per-share.html.

Shares of Altice USA (NASDAQ ATUS) traded up 0.23% during trading on Friday, hitting $30.41. The stock had a trading volume of 230,419 shares. The stock has a 50-day moving average price of $31.82 and a 200 day moving average price of $32.01. The company’s market cap is $22.41 billion. Altice USA has a 12 month low of $29.99 and a 12 month high of $35.29.

Altice USA Company Profile

Altice USA, Inc is engaged in providing broadband communications and video services in the United States. The Company’s segments include Cablevision and Cequel. Cablevision provides broadband, pay television and telephony services to residential and business customers in and around the New York metropolitan area.

Get a free copy of the Zacks research report on Altice USA (ATUS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Altice USA Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altice USA Inc and related companies with MarketBeat.com's FREE daily email newsletter.