Zacks Research Analysts Reduce Earnings Estimates for OPTU

Optimum Communications, Inc. (NYSE:OPTU) – Analysts at Zacks Research dropped their Q3 2026 earnings per share estimates for shares of Optimum Communications in a research note issued to investors on Tuesday, March 17th. Zacks Research analyst Team now expects that the company will post earnings per share of ($0.19) for the quarter, down from their prior forecast of ($0.16). Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Optimum Communications’ current full-year earnings is ($0.24) per share. Zacks Research also issued estimates for Optimum Communications’ FY2026 earnings at ($0.54) EPS, Q3 2027 earnings at ($0.16) EPS, Q4 2027 earnings at ($0.21) EPS, FY2027 earnings at ($0.49) EPS and FY2028 earnings at ($0.69) EPS.

OPTU has been the topic of a number of other research reports. Citigroup lowered shares of Optimum Communications from a “buy” rating to a “neutral” rating in a report on Sunday, February 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Optimum Communications in a research report on Wednesday, January 21st. Evercore set a $2.00 price objective on shares of Optimum Communications in a research report on Friday, February 13th. Benchmark lowered Optimum Communications from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Raymond James Financial cut Optimum Communications from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 11th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Optimum Communications has an average rating of “Reduce” and a consensus price target of $2.19.

Optimum Communications Price Performance

Shares of OPTU opened at $1.24 on Thursday. The company has a 50-day moving average of $1.59 and a two-hundred day moving average of $1.92. The stock has a market cap of $583.37 million, a price-to-earnings ratio of -0.31 and a beta of 1.51. Optimum Communications has a one year low of $1.22 and a one year high of $2.98.

Optimum Communications (NYSE:OPTU) last posted its quarterly earnings data on Thursday, February 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.14). During the same period in the previous year, the business posted ($0.12) earnings per share. The company’s revenue was down 2.3% on a year-over-year basis.

Insider Buying and Selling at Optimum Communications

In other Optimum Communications news, General Counsel Michael Olsen sold 20,000 shares of Optimum Communications stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $1.40, for a total transaction of $28,000.00. Following the completion of the sale, the general counsel owned 1,239,781 shares of the company’s stock, valued at approximately $1,735,693.40. The trade was a 1.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 44.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Optimum Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of OPTU. Vanguard Group Inc. bought a new stake in shares of Optimum Communications during the 4th quarter worth approximately $46,002,000. Empyrean Capital Partners LP acquired a new stake in Optimum Communications during the fourth quarter worth approximately $41,297,000. Deutsche Bank AG bought a new stake in Optimum Communications in the 4th quarter valued at $27,135,000. Millennium Management LLC acquired a new position in shares of Optimum Communications during the 4th quarter worth approximately $24,478,000. Finally, Redwood Capital Management LLC acquired a new stake in Optimum Communications during the fourth quarter worth approximately $13,512,000. Institutional investors and hedge funds own 54.85% of the company’s stock.

Optimum Communications Company Profile

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to approximately five million residential and business customers. The company’s video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.