Charter Communications (NASDAQ:CHTR) Releases Quarterly Earnings Results, Misses Expectations By $0.23 EPS

Charter Communications (NASDAQ:CHTR) issued its quarterly earnings data on Friday. The company reported $7.55 EPS for the quarter, missing the consensus estimate of $7.78 by ($0.23), RTT News reports. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The firm had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. During the same period in the previous year, the firm earned $6.65 EPS. The business’s revenue was up .2% on a year-over-year basis.

Charter Communications Price Performance

Shares of NASDAQ:CHTR traded down $5.40 during mid-day trading on Friday, reaching $253.70. The stock had a trading volume of 1,427,322 shares, compared to its average volume of 1,582,744. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51. The company has a market cap of $36.84 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 0.46 and a beta of 0.96. Charter Communications has a 1 year low of $236.08 and a 1 year high of $458.30. The business’s 50 day moving average price is $281.92 and its 200 day moving average price is $349.44.

Analyst Ratings Changes

Several brokerages recently commented on CHTR. JPMorgan Chase & Co. cut their price objective on Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a report on Monday, April 1st. Pivotal Research cut their price target on Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a report on Monday, February 5th. Barclays cut their price target on Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft cut their price target on Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a report on Tuesday, April 16th. Finally, Benchmark cut their price target on Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $380.80.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.