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

Optimum Communications, Inc. (NYSE:OPTU) – Analysts at Zacks Research lifted their FY2026 earnings estimates for shares of Optimum Communications in a research report issued to clients and investors on Wednesday, June 10th. Zacks Research analyst Team now anticipates that the company will post earnings of ($0.55) per share for the year, up from their previous estimate of ($0.56). Zacks Research has a “Hold” rating on the stock. The consensus estimate for Optimum Communications’ current full-year earnings is ($0.52) per share.

OPTU has been the topic of a number of other reports. UBS Group cut their price target on shares of Optimum Communications from $2.00 to $1.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. BNP Paribas Exane upgraded shares of Optimum Communications from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 2nd. 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, Weiss Ratings upgraded shares of Optimum Communications from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 28th. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $0.95.

Optimum Communications Trading Up 4.2%

Shares of OPTU opened at $1.25 on Friday. The firm has a market cap of $595.59 million, a P/E ratio of -0.13 and a beta of 1.36. Optimum Communications has a 12-month low of $0.58 and a 12-month high of $2.98. The company’s 50-day moving average price is $1.19 and its 200 day moving average price is $1.48.

Hedge Funds Weigh In On Optimum Communications

A number of institutional investors and hedge funds have recently made changes to their positions in OPTU. Swiss Life Asset Management Ltd acquired a new position in shares of Optimum Communications during the third quarter worth about $26,000. Cibc World Markets Corp acquired a new position in Optimum Communications in the fourth quarter valued at approximately $29,000. Voleon Capital Management LP acquired a new position in Optimum Communications in the third quarter valued at approximately $31,000. Cidel Asset Management Inc. acquired a new position in Optimum Communications in the first quarter valued at approximately $32,000. Finally, Xponance LLC acquired a new position in Optimum Communications in the fourth quarter valued at approximately $34,000. 54.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Optimum Communications

In other news, General Counsel Michael Olsen sold 20,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $1.59, for a total transaction of $31,800.00. Following the completion of the transaction, the general counsel directly owned 1,199,781 shares of the company’s stock, valued at approximately $1,907,651.79. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 60,000 shares of company stock worth $80,000 over the last three months. 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.