Altice USA (NYSE:ATUS) Posts Earnings Results, Beats Estimates By $0.05 EPS
Altice USA (NYSE:ATUS) released its earnings results on Thursday. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.05, MarketWatch Earnings reports. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Altice USA had a net margin of 1.91% and a return on equity of 12.81%.
Shares of ATUS traded up $1.94 during mid-day trading on Friday, reaching $26.99. 17,714,226 shares of the company’s stock were exchanged, compared to its average volume of 4,514,464. The business’s fifty day simple moving average is $23.92 and its 200-day simple moving average is $25.02. The stock has a market capitalization of $16.02 billion, a PE ratio of 87.06 and a beta of 0.90. Altice USA has a 52-week low of $15.95 and a 52-week high of $31.78. The company has a debt-to-equity ratio of 15.43, a current ratio of 0.49 and a quick ratio of 0.49.
In related news, Director Alt S.A.R.L. Next sold 500,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $23.68, for a total value of $11,840,000.00. Following the completion of the sale, the director now owns 41,369,305 shares in the company, valued at approximately $979,625,142.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 4,138,846 shares of company stock worth $101,250,568 over the last ninety days. Corporate insiders own 45.00% 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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