Brokerages expect Charter Communications Inc (NASDAQ:CHTR) to post $1.49 earnings per share for the current fiscal quarter, according to Zacks. Twelve analysts have issued estimates for Charter Communications’ earnings. The highest EPS estimate is $2.14 and the lowest is $0.82. Charter Communications reported earnings per share of $0.86 in the same quarter last year, which suggests a positive year-over-year growth rate of 73.3%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, January 31st.
According to Zacks, analysts expect that Charter Communications will report full-year earnings of $5.52 per share for the current financial year, with EPS estimates ranging from $5.00 to $6.65. For the next fiscal year, analysts expect that the business will report earnings of $7.06 per share, with EPS estimates ranging from $4.25 to $8.87. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Charter Communications.
Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, October 26th. The company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $1.06. Charter Communications had a net margin of 24.39% and a return on equity of 2.39%. The firm had revenue of $10.89 billion for the quarter, compared to the consensus estimate of $10.93 billion. During the same period in the previous year, the firm posted $0.19 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis.
Several equities analysts recently commented on the stock. TD Securities assumed coverage on shares of Charter Communications in a report on Wednesday. They set a “buy” rating and a $385.00 price target on the stock. Nomura assumed coverage on shares of Charter Communications in a report on Wednesday. They set a “neutral” rating and a $330.00 price target on the stock. BidaskClub downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Zacks Investment Research upgraded shares of Charter Communications from a “hold” rating to a “buy” rating and set a $338.00 price target on the stock in a report on Tuesday, January 8th. Finally, Cowen upped their price target on shares of Charter Communications from $337.00 to $357.00 and gave the company an “outperform” rating in a report on Friday, December 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $358.53.
Shares of Charter Communications stock traded down $3.01 during trading hours on Thursday, reaching $291.40. The company’s stock had a trading volume of 1,616,841 shares, compared to its average volume of 1,225,270. Charter Communications has a one year low of $250.10 and a one year high of $396.64. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.53. The company has a market cap of $66.71 billion, a PE ratio of 109.96, a price-to-earnings-growth ratio of 1.09 and a beta of 1.22.
In other news, insider John Bickham sold 144,672 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $322.71, for a total value of $46,687,101.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Cornerstone Advisors Inc. grew its position in Charter Communications by 55.7% during the third quarter. Cornerstone Advisors Inc. now owns 123 shares of the company’s stock valued at $40,000 after buying an additional 44 shares during the period. CX Institutional acquired a new stake in Charter Communications during the fourth quarter valued at $44,000. Alpha Windward LLC acquired a new stake in Charter Communications during the fourth quarter valued at $78,000. Chicago Partners Investment Group LLC grew its position in Charter Communications by 254.6% during the second quarter. Chicago Partners Investment Group LLC now owns 344 shares of the company’s stock valued at $101,000 after buying an additional 247 shares during the period. Finally, Vigilant Capital Management LLC acquired a new stake in Charter Communications during the third quarter valued at $106,000. 71.80% of the stock is owned by hedge funds and other institutional investors.
About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.
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