Analysts expect Altice USA Inc (NYSE:ATUS) to post $2.49 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Altice USA’s earnings, with estimates ranging from $2.48 billion to $2.49 billion. Altice USA reported sales of $2.42 billion in the same quarter last year, which would suggest a positive year over year growth rate of 2.9%. The business is scheduled to report its next earnings results on Monday, November 4th.

On average, analysts expect that Altice USA will report full year sales of $9.87 billion for the current financial year, with estimates ranging from $9.85 billion to $9.89 billion. For the next financial year, analysts expect that the firm will report sales of $10.26 billion, with estimates ranging from $10.21 billion to $10.36 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Altice USA.

Altice USA (NYSE:ATUS) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.45 billion. Altice USA had a return on equity of 13.57% and a net margin of 3.16%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.13) EPS.

A number of research firms recently issued reports on ATUS. Pivotal Research restated a “buy” rating and set a $40.00 price target on shares of Altice USA in a research note on Wednesday, July 31st. Zacks Investment Research downgraded Altice USA from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. ValuEngine downgraded Altice USA from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Macquarie began coverage on Altice USA in a research note on Wednesday, June 19th. They set a “buy” rating and a $30.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price target on Altice USA from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Altice USA has a consensus rating of “Buy” and a consensus price target of $29.82.

NYSE:ATUS opened at $26.46 on Friday. The stock’s 50 day moving average price is $25.66. The stock has a market cap of $17.39 billion, a P/E ratio of 330.75 and a beta of 0.99. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 9.18. Altice USA has a 52-week low of $14.49 and a 52-week high of $27.74.

In other Altice USA news, Director Dennis Okhuijsen sold 551,724 shares of Altice USA stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $24.67, for a total value of $13,611,031.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Olsen sold 30,000 shares of Altice USA stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $27.03, for a total value of $810,900.00. The disclosure for this sale can be found here. Company insiders own 45.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Altice USA in the 2nd quarter valued at approximately $41,000. LS Investment Advisors LLC acquired a new stake in shares of Altice USA in the 1st quarter valued at approximately $82,000. Quantamental Technologies LLC acquired a new stake in shares of Altice USA in the 1st quarter valued at approximately $96,000. Advisor Group Inc. lifted its holdings in shares of Altice USA by 26.6% in the 2nd quarter. Advisor Group Inc. now owns 4,503 shares of the company’s stock valued at $111,000 after buying an additional 945 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Altice USA by 340.9% in the 1st quarter. Bank of Montreal Can now owns 7,261 shares of the company’s stock valued at $156,000 after buying an additional 5,614 shares during the period. Institutional investors own 50.13% of the company’s stock.

About Altice USA

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.

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