The closing price of Altice USA Inc. (NYSE: ATUS) was $4.42 for the day, up 6.25% from the previous closing price of $4.16. In other words, the price has increased by $+0.2600 from its previous closing price. On the day, 10882064 shares were traded. ATUS stock price reached its highest trading level at $4.4800 during the session, while it also had its lowest trading level at $4.0600.
Our analysis of ATUS’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.44. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 0.60.
Upgrades & Downgrades
On November 03, 2022, Pivotal Research Group Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $15 to $5.
Citigroup Upgraded its Neutral to Buy on October 13, 2022, whereas the target price for the stock was revised from $12 to $8.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 13 when Stewart Charles sold 31,560 shares for $9.99 per share. The transaction valued at 315,284 led to the insider holds 1,323,925 shares of the business.
Mullen Mark sold 5,000 shares of ATUS for $77,700 on Dec 14. The Director now owns 3,500 shares after completing the transaction at $15.54 per share. On Dec 13, another insider, SCHNABEL SUSAN C, who serves as the Director of the company, bought 10,000 shares for $14.59 each. As a result, the insider paid 145,900 and bolstered with 20,000 shares of the company.
As of this moment, Altice’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.18, and their Forward P/E ratio for the next fiscal year is 5.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.21.
Stock Price History:
Over the past 52 weeks, ATUS has reached a high of $17.30, while it has fallen to a 52-week low of $3.94. The 50-Day Moving Average of the stock is 6.0106, while the 200-Day Moving Average is calculated to be 9.6061.
ATUS traded an average of 6.10M shares per day over the past three months and 7.18M shares per day over the past ten days. A total of 454.67M shares are outstanding, with a floating share count of 388.27M. Insiders hold about 1.60% of the company’s shares, while institutions hold 59.80% stake in the company. Shares short for ATUS as of Oct 13, 2022 were 46.04M with a Short Ratio of 47.62M, compared to 40.17M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 10.13% and a Short% of Float of 23.91%.
The firm’s stock currently is rated by 19 analysts. On average, analysts expect EPS of $0.35 for the current quarter, with a high estimate of $0.48 and a low estimate of $0.27, while EPS last year was $0.58. The consensus estimate for the next quarter is $0.35, with high estimates of $0.49 and low estimates of $0.25.
Analysts are recommending an EPS of between $1.61 and $0.99 for the fiscal current year, implying an average EPS of $1.36. EPS for the following year is $1.24, with 24 analysts recommending between $1.97 and $0.51.
It is expected that $90B in revenue will be generated in the current quarter, according to 18 analysts. It ranges from a high estimate of $2.5B to a low estimate of $2.42B. As of the current estimate, Altice USA Inc.’s year-ago sales were $2.57B, an estimated decrease of -4.90% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $2.45B, a decrease of -2.70% over than the figure of -$4.90% in the same quarter last year. There is a high estimate of $2.5B for the next quarter, whereas the lowest estimate is $2.41B.
A total of 27 analysts have provided revenue estimates for ATUS’s current fiscal year. The highest revenue estimate was $9.87B, while the lowest revenue estimate was $9.73B, resulting in an average revenue estimate of $9.79B. In the same quarter a year ago, actual revenue was $10.09B, down -3.00% from the average estimate. Based on 26 analysts’ estimates, the company’s revenue will be $9.6B in the next fiscal year. The high estimate is $9.86B and the low estimate is $9.41B. The average revenue growth estimate for next year is down -1.90% from the average revenue estimate for this year.