What is Zacks Research’s Forecast for OPTU FY2026 Earnings?

Optimum Communications, Inc. (NYSE:OPTU) – Zacks Research upped their FY2026 earnings estimates for Optimum Communications in a note issued to investors on Wednesday, June 10th. Zacks Research analyst Team now forecasts that the company will earn ($0.55) per share for the year, up from their prior estimate of ($0.56). Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Optimum Communications’ current full-year earnings is ($0.52) per share.

Several other research analysts have also recently issued reports on OPTU. Citigroup cut shares of Optimum Communications from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $1.50 to $0.50 in a report on Friday, May 15th. Evercore set a $1.25 target price on shares of Optimum Communications in a report on Tuesday, May 12th. Raymond James Financial lowered shares of Optimum Communications from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 11th. Wall Street Zen lowered shares of Optimum Communications from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Finally, The Goldman Sachs Group set a $1.00 price objective on shares of Optimum Communications in a research note on Friday, May 8th. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $0.95.

Optimum Communications Price Performance

Shares of Optimum Communications stock opened at $1.25 on Friday. Optimum Communications has a 1 year low of $0.58 and a 1 year high of $2.98. The firm’s 50-day moving average is $1.19 and its two-hundred day moving average is $1.48. The stock has a market cap of $595.59 million, a price-to-earnings ratio of -0.13 and a beta of 1.36.

Institutional Investors Weigh In On Optimum Communications

A number of institutional investors have recently added to or reduced their stakes in OPTU. Vanguard Group Inc. acquired a new stake in Optimum Communications in the 4th quarter valued at $46,002,000. Empyrean Capital Partners LP acquired a new stake in Optimum Communications during the 4th quarter worth $41,297,000. Deutsche Bank AG acquired a new stake in Optimum Communications during the 4th quarter worth $27,135,000. Millennium Management LLC acquired a new stake in Optimum Communications during the 4th quarter worth $24,478,000. Finally, Redwood Capital Management LLC acquired a new stake in Optimum Communications during the 4th quarter worth $13,512,000. Institutional investors and hedge funds own 54.85% of the company’s stock.

Insider Transactions at Optimum Communications

In other news, General Counsel Michael Olsen sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $1.59, for a total transaction of $31,800.00. Following the sale, the general counsel owned 1,199,781 shares of the company’s stock, valued at $1,907,651.79. This trade represents a 1.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 60,000 shares of company stock worth $80,000. Company insiders own 44.60% of the company’s stock.

Optimum Communications Company Profile

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to approximately five million residential and business customers. The company’s video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.