Altice USA Inc. [NYSE: ATUS] slipped around -1.5 points on Wednesday, while shares priced at $34.18 at the close of the session, down -4.20%. The company report on January 21, 2021 that Altice USA to Hold Conference Call to Discuss Q4 and FY 2020 Results.
Altice USA (NYSE: ATUS) will host a conference call on Wednesday, February 10, 2021 at 4:30 p.m. EST to discuss financial and operating results for the fourth quarter and full year ended December 31, 2020. A press release reporting the results will be issued at 4:05 p.m. EST.
The call will be led by Dexter Goei, CEO, and Michael Grau, CFO.
Altice USA Inc. stock is now -9.74% down from its year-to-date (YTD) trading value. ATUS Stock saw the intraday high of $35.51 and lowest of $33.92 per share. The company’s 52-week high price is 38.30, which means current price is +0.77% above from all time high which was touched on 01/04/21.
Compared to the average trading volume of 6.70M shares, ATUS reached a trading volume of 8606461 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Altice USA Inc. [ATUS]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ATUS shares is $40.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ATUS stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Altice USA Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on December 17, 2020. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on December 16, 2020, representing the official price target for Altice USA Inc. stock. Previously, the target price had yet another raise to $34, while HSBC Securities analysts kept a Hold rating on ATUS stock.
The Average True Range (ATR) for Altice USA Inc. is set at 0.91, with the Price to Sales ratio for ATUS stock in the period of the last 12 months amounting to 1.94. The Price to Book ratio for the last quarter was 26.09, with the Price to Cash per share for the same quarter was set at 0.21. Price to Free Cash Flow for ATUS in the course of the last twelve months was 7.38 with Quick ratio for the last quarter at 0.80.
How has ATUS stock performed recently?
Altice USA Inc. [ATUS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.45. With this latest performance, ATUS shares dropped by -5.13% in over the last four-week period, additionally plugging by 40.89% over the last 6 months – not to mention a rise of 22.82% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ATUS stock in for the last two-week period is set at 39.27, with the RSI for the last a single of trading hit 31.78, and the three-weeks RSI is set at 45.12 for Altice USA Inc. [ATUS]. The present Moving Average for the last 50 days of trading for this stock 35.06, while it was recorded at 35.56 for the last single week of trading, and 28.18 for the last 200 days.
Altice USA Inc. [ATUS]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Altice USA Inc. [ATUS] shares currently have an operating margin of +19.43 and a Gross Margin at +43.00. Altice USA Inc.’s Net Margin is presently recorded at +1.42.
Return on Total Capital for ATUS is now 7.06, given the latest momentum, and Return on Invested Capital for the company is 0.52. Return on Equity for this stock inclined to 4.50, with Return on Assets sitting at 0.40. When it comes to the capital structure of this company, Altice USA Inc. [ATUS] has a Total Debt to Total Equity ratio set at 1,039.65. Additionally, ATUS Total Debt to Total Capital is recorded at 91.23, with Total Debt to Total Assets ending up at 70.67. Long-Term Debt to Equity for the company is recorded at 1,080.13, with the Long-Term Debt to Total Capital now at 90.45.
Reflecting on the efficiency of the workforce at the company, Altice USA Inc. [ATUS] managed to generate an average of $12,985 per employee. Receivables Turnover for the company is 20.99 with a Total Asset Turnover recorded at a value of 0.28.Altice USA Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.
Earnings analysis for Altice USA Inc. [ATUS]
With the latest financial reports released by the company, Altice USA Inc. posted 0/share EPS, while the average EPS was predicted by analysts to be reported at 0.17/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ATUS.
Insider trade positions for Altice USA Inc. [ATUS]
There are presently around $11,226 million, or 94.80% of ATUS stock, in the hands of institutional investors. The top three institutional holders of ATUS stocks are: SOROBAN CAPITAL PARTNERS LP with ownership of 30,000,000, which is approximately 20% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 29,325,721 shares of the stock with an approximate value of $1.0 billion in ATUS stocks shares; and BLACKROCK INC., currently with $565.58 million in ATUS stock with ownership of nearly -1.505% of the company’s market capitalization.
181 institutional holders increased their position in Altice USA Inc. [NYSE:ATUS] by around 55,228,760 shares. Additionally, 180 investors decreased positions by around 64,311,570 shares, while 39 investors held positions by with 208,897,425 shares. The mentioned changes placed institutional holdings at 328,437,755 shares, according to the latest SEC report filing. ATUS stock had 62 new institutional investments in for a total of 17,146,431 shares, while 48 institutional investors sold positions of 40,019,459 shares during the same period.