Altice USA (ATUS) Tops Q4 EPS by 23c

Altice USA (NYSE: ATUS) reported Q4 EPS of $0.60, $0.23 better than the analyst estimate of $0.37. Revenue for the quarter came in at $2.54 billion versus the consensus estimate of $2.51 billion.

FY 2021 Financial Outlook: The Company expects revenue and Adjusted EBITDA growth for 2021, cash capex to be between $1.3 to $1.4 billion for the year, and share repurchases of $1.5 billion. The Company expects leverage at year-end 2021 to be less than 5.3x (L2QA net debt to Adjusted EBITDA) for its CSC Holdings, LLC debt silo, with a target of 4.5x-5.0x L2QA EBITDA over time.

For earnings history and earnings-related data on Altice USA (ATUS) click here.

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