Altice USA Inc (ATUS) Announces $2.04 Dividend

Altice USA Inc (NYSE:ATUS) announced a dividend on Tuesday, May 15th, Fidelity reports. Stockholders of record on Tuesday, May 22nd will be paid a dividend of 2.035 per share on Wednesday, June 6th. The ex-dividend date of this dividend is Thursday, June 7th.

Shares of Altice USA traded up $0.52, reaching $20.08, during trading on Friday, according to Marketbeat Ratings. 4,458,240 shares of the company traded hands, compared to its average volume of 2,413,027. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 4.04. The company has a market cap of $14.26 billion and a PE ratio of 1,004.00. Altice USA has a 52-week low of $16.25 and a 52-week high of $35.29.

Altice USA (NYSE:ATUS) last posted its quarterly earnings data on Wednesday, May 9th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Altice USA had a negative return on equity of 6.78% and a net margin of 15.69%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.12) EPS. equities research analysts anticipate that Altice USA will post -0.05 EPS for the current fiscal year.

A number of equities analysts recently issued reports on ATUS shares. Royal Bank of Canada reissued an “outperform” rating and issued a $35.00 price objective (up previously from $31.00) on shares of Altice USA in a report on Tuesday, March 6th. JPMorgan Chase & Co. dropped their price objective on shares of Altice USA from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Tuesday, March 6th. Zacks Investment Research raised shares of Altice USA from a “sell” rating to a “hold” rating in a report on Thursday, March 8th. Pivotal Research reissued a “buy” rating and issued a $28.00 price objective on shares of Altice USA in a report on Friday, March 9th. Finally, Goldman Sachs Group raised shares of Altice USA from a “buy” rating to a “conviction-buy” rating and dropped their price objective for the stock from $28.00 to $19.91 in a report on Tuesday, March 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Altice USA presently has an average rating of “Buy” and an average target price of $28.59.

Altice USA Company Profile

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.

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