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I estimate Altice USA's fair value is $6.05, implying a 98% upside potential based on a conservative model. ATUS's debt accounts for 95% of its enterprise value, with looming maturities, escalating from less than $1 billion to over $5 billion in 2027. I anticipate ATUS will generate approximately $7 billion in cumulative FCF by 2026, against $5.78 billion in cumulative interest expenses.
While the top- and bottom-line numbers for Altice USA, Inc. (ATUS) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Altice USA, Inc. (ATUS) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.35 per share a year ago.
NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) will host a conference call on Wednesday, August 2, 2023 at 4:30 p.m. ET to discuss financial and operating results for the second quarter ended June 30, 2023. A press release reporting the results will be issued at 4:05 p.m. ET. The call will be led by Dennis Mathew, Chairman and CEO, and Marc Sirota, CFO. Dial-in Access Telephone Numbers: Participant Dial-In: 877-404-9653 / +1 201-689-8856 A live webcast of the presentation will be available.
Altice USA, Inc. (ATUS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Optimum, a brand of Altice (ATUS), introduces a new 8 Gigabit symmetrical fiber Internet service that will provide ultra-fast connectivity with enhanced reliability.
Shares of Charter Communications Inc. CHTR, +0.66% were ahead 0.6% in Monday morning action, putting the stock on track to rise for its seventh session in a row. A positive close for Charter would clinch the cable name's longest winning streak since Sept.
Altice USA, Inc. (ATUS) reported earnings 30 days ago. What's next for the stock?
BT Group PLC (LSE:BT.A)'s biggest shareholder Altice has increased its stake after swooping for a further 650mln shares. Altice, owned by Billionaire Patrick Drahi, now holds around 24.5% of the UK telco but reiterated it does not intend to make a bid for the firm.
Altice's (ATUS) first-quarter 2023 results reflect the adverse impact of a challenging macroeconomic environment and business uncertainties.