How have the shares performed?
Altice USA Inc. (ATUS) saw downtrend of -2.30% in the recent trading with $36.96 being its most recent. The current price level -3.50% lower than the highest price of $38.30 marked by the stock while trading over the past 52-weeks, whereas it is 68.23% higher than the lowest price of $21.97 the company dropped to over past 52-weeks. The latest news story on ATUS appeared in Zacks under the title “CommScope (COMM) Powers Altice’s a4 Advertising Solutions” on May-17-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -3.22% below one month high and is +9.06% above of the lowest during that time. Looking into the simple moving average, Altice USA Inc. (ATUS)’s stock stands at a SMA-50 of $34.63 while that of 5-day is reading $37.16.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and ATUS’s SMA-200 as of now is $32.04.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 25 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.20 for the stock.
Altice USA Inc. Earnings – What Happened With ATUS
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Altice USA Inc. (ATUS) last released financial results for the quarter that ended 3/30/2021, posting a surprise factor of 87.10% for net revenue. During the reported three-month period, company’s sales were $2.48 billion while analysts on average were estimating the same to be $2.52 billion.
ATUS – Altice USA Inc. Stock Earnings Estimates
The perspective of Altice USA Inc. (NYSE:ATUS)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.31 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was 0.58.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 274.02 million. ATUS does have institutional investors; and they hold 65.10% of the stock.
Altice USA Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 4 new insider purchases involving 256,668 shares. On the other hand, ATUS declared 1,337,568 shares have been sold in 12 insider transactions over the past three months.
As on Dec 30, 2020, Soroban Capital Partners LP was the top most holder in Altice USA Inc. (NYSE:ATUS) with an ownership of 31.0 million shares of the company or 6.74% of the stake worth $1.17 billion. The filing also reveals Vanguard Group, Inc. (The) as the second largest holder in the company with a control over 5.07% of the outstanding shares. Its stake is worth $883.38 million for having 23.33 million shares in hand.
Blackrock Inc. also came holding a key position in the company during the recent quarter and it now holds 2.94% of the outstanding shares. With this there are now 546 institutions which have possession in ATUS’s shares.
Currently, the stock has been recommended as Moderate Buy by 25 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.20 for the stock.
Altice USA Inc.’s return on equity, or ROE, is -535.30%, compared to the industry average of 6.16% for Communication Services – Telecom Services. Although this indicates that ATUS fails to use its equity well, the metric will vary significantly depending on the industry.