Zacks Research Issues Negative Forecast for OPTU Earnings

Optimum Communications, Inc. (NYSE:OPTU) – Zacks Research lowered their Q2 2026 earnings per share (EPS) estimates for Optimum Communications in a research report issued on Thursday, May 28th. Zacks Research analyst Team now expects that the company will post earnings per share of ($0.17) for the quarter, down from their prior forecast of ($0.09). Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Optimum Communications’ current full-year earnings is ($0.52) per share. Zacks Research also issued estimates for Optimum Communications’ Q3 2026 earnings at ($0.18) EPS, Q4 2026 earnings at ($0.09) EPS, FY2026 earnings at ($0.55) EPS, Q1 2027 earnings at ($0.24) EPS, Q2 2027 earnings at ($0.14) EPS, Q3 2027 earnings at ($0.15) EPS, Q4 2027 earnings at ($0.19) EPS, FY2027 earnings at ($0.72) EPS, Q1 2028 earnings at ($0.48) EPS and FY2028 earnings at ($0.70) EPS.

A number of other research firms have also recently issued reports on OPTU. Wall Street Zen cut Optimum Communications from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. The Goldman Sachs Group set a $1.00 price objective on Optimum Communications in a research report on Friday, May 8th. Benchmark lowered Optimum Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. UBS Group dropped their price target on Optimum Communications from $2.00 to $1.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Finally, Raymond James Financial cut Optimum Communications from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 11th. Five analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $0.95.

Optimum Communications Stock Up 3.0%

OPTU opened at $0.68 on Monday. Optimum Communications has a 12-month low of $0.58 and a 12-month high of $2.98. The stock has a market cap of $322.95 million, a price-to-earnings ratio of -0.07 and a beta of 1.37. The business has a 50 day moving average of $1.22 and a 200-day moving average of $1.53.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OPTU. Royal Bank of Canada increased its holdings in shares of Optimum Communications by 365.8% during the first quarter. Royal Bank of Canada now owns 2,171,000 shares of the company’s stock worth $5,775,000 after purchasing an additional 1,704,908 shares during the period. AQR Capital Management LLC raised its holdings in Optimum Communications by 4.7% in the 1st quarter. AQR Capital Management LLC now owns 806,675 shares of the company’s stock valued at $2,146,000 after acquiring an additional 36,260 shares in the last quarter. Millennium Management LLC raised its holdings in Optimum Communications by 10.5% in the 1st quarter. Millennium Management LLC now owns 5,516,311 shares of the company’s stock valued at $14,673,000 after acquiring an additional 524,169 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Optimum Communications by 46.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,397,047 shares of the company’s stock valued at $17,016,000 after acquiring an additional 2,031,971 shares during the period. Finally, Caxton Associates LLP bought a new stake in shares of Optimum Communications during the 1st quarter valued at $88,000. 54.85% of the stock is owned by institutional investors.

Insider Transactions at Optimum Communications

In other Optimum Communications news, General Counsel Michael Olsen sold 20,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $1.59, for a total transaction of $31,800.00. Following the transaction, the general counsel owned 1,199,781 shares in the company, valued at $1,907,651.79. This represents a 1.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 44.60% of the stock is owned by corporate insiders.

Key Headlines Impacting Optimum Communications

Here are the key news stories impacting Optimum Communications this week:

• Positive Sentiment: Zacks Research slightly improved its outlook for Q4 2026, Q3 2027, and Q4 2027 EPS, suggesting some improvement in the company’s expected operating trend. Article link
• Neutral Sentiment: The firm maintained a Hold rating on Optimum Communications (NYSE: OPTU), indicating analysts are not yet recommending a stronger bullish stance. Article link
• Negative Sentiment: Analysts cut earnings estimates for several periods, including Q1 2027, Q2 2026, FY2027, Q1 2028, and FY2028, reinforcing expectations that the company may remain unprofitable for an extended period. Article link

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.