Wall Street analysts expect Charter Communications Inc (NASDAQ:CHTR) to post earnings of $1.70 per share for the current fiscal quarter, according to Zacks. Twelve analysts have provided estimates for Charter Communications’ earnings, with the lowest EPS estimate coming in at $1.22 and the highest estimate coming in at $2.17. Charter Communications posted earnings of $2.11 per share in the same quarter last year, which suggests a negative year over year growth rate of 19.4%. The company is scheduled to announce its next quarterly earnings results on Friday, October 25th.
According to Zacks, analysts expect that Charter Communications will report full year earnings of $6.91 per share for the current year, with EPS estimates ranging from $5.55 to $8.78. For the next financial year, analysts expect that the business will report earnings of $12.47 per share, with EPS estimates ranging from $7.82 to $15.03. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Charter Communications.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 26th. The company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.40). The business had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.40 billion. Charter Communications had a net margin of 3.04% and a return on equity of 3.08%. Charter Communications’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.15 EPS.
A number of equities analysts recently commented on the company. Citigroup started coverage on Charter Communications in a report on Thursday, June 13th. They set a “buy” rating and a $480.00 target price for the company. Macquarie started coverage on Charter Communications in a report on Wednesday, June 19th. They issued a “hold” rating and a $390.00 price objective for the company. ValuEngine downgraded Charter Communications from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $480.00 price objective on shares of Charter Communications in a report on Monday, July 29th. Finally, Nomura increased their price objective on Charter Communications from $350.00 to $380.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $416.06.
In other news, Director Lance Conn sold 927 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $400.00, for a total value of $370,800.00. Following the sale, the director now directly owns 9,552 shares of the company’s stock, valued at $3,820,800. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Craig A. Jacobson sold 1,000 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $389.78, for a total value of $389,780.00. Following the completion of the sale, the director now directly owns 11,773 shares in the company, valued at $4,588,879.94. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHTR. Geode Capital Management LLC grew its stake in shares of Charter Communications by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 2,218,112 shares of the company’s stock worth $630,980,000 after acquiring an additional 167,729 shares during the last quarter. Huntington National Bank grew its stake in shares of Charter Communications by 31.1% in the first quarter. Huntington National Bank now owns 135 shares of the company’s stock worth $47,000 after acquiring an additional 32 shares during the last quarter. Bank of The West purchased a new stake in shares of Charter Communications in the first quarter worth $236,000. Calamos Advisors LLC grew its stake in shares of Charter Communications by 1.0% in the first quarter. Calamos Advisors LLC now owns 32,990 shares of the company’s stock worth $11,445,000 after acquiring an additional 313 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new stake in shares of Charter Communications in the first quarter worth $68,000. 72.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Charter Communications stock opened at $376.19 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $83.34 billion, a P/E ratio of 72.07, a PEG ratio of 1.29 and a beta of 1.23. The company’s 50 day simple moving average is $396.87. Charter Communications has a 52 week low of $272.91 and a 52 week high of $417.13.
Charter Communications Company Profile
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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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