FY2028 Earnings Estimate for OPTU Issued By Zacks Research

Optimum Communications, Inc. (NYSE:OPTU) – Equities researchers at Zacks Research issued their FY2028 earnings estimates for Optimum Communications in a note issued to investors on Thursday, March 5th. Zacks Research analyst Team anticipates that the company will earn ($0.63) per share for the year. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Optimum Communications’ current full-year earnings is ($0.24) per share.

Optimum Communications (NYSE:OPTU) last issued its quarterly earnings results on Thursday, February 12th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.14). The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.15 billion. The company’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) EPS.

A number of other brokerages have also issued reports on OPTU. Citigroup lowered shares of Optimum Communications from a “buy” rating to a “neutral” rating in a research note on Sunday, February 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Optimum Communications in a research note on Wednesday, January 21st. Benchmark downgraded shares of Optimum Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Evercore set a $2.00 price objective on Optimum Communications in a research note on Friday, February 13th. Finally, Barclays decreased their target price on Optimum Communications from $3.00 to $2.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $2.19.

Optimum Communications Stock Performance

Shares of NYSE OPTU opened at $1.50 on Friday. Optimum Communications has a fifty-two week low of $1.38 and a fifty-two week high of $2.98. The company has a market cap of $705.69 million, a price-to-earnings ratio of -0.38 and a beta of 1.51. The business’s 50 day moving average price is $1.67 and its 200-day moving average price is $1.99.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sentinel Dome Partners LLC purchased a new stake in Optimum Communications in the fourth quarter valued at about $330,000. Invesco Ltd. acquired a new stake in Optimum Communications in the 4th quarter worth approximately $736,000. Corient Private Wealth LLC purchased a new stake in Optimum Communications during the 4th quarter worth approximately $348,000. Mackenzie Financial Corp acquired a new position in Optimum Communications during the 4th quarter valued at approximately $1,520,000. Finally, XTX Topco Ltd purchased a new position in shares of Optimum Communications in the fourth quarter worth $329,000. 54.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Optimum Communications

In related news, General Counsel Michael Olsen sold 250,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $1.60, for a total transaction of $400,000.00. Following the completion of the sale, the general counsel owned 1,496,277 shares of the company’s stock, valued at $2,394,043.20. This represents a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 44.60% of the stock is currently owned by company insiders.

About Optimum Communications

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.