Charter Communications (NASDAQ:CHTR) Posts Quarterly Earnings Results, Misses Estimates By $0.84 EPS

Charter Communications (NASDAQ:CHTRGet Free Report) released its earnings results on Friday. The company reported $9.17 EPS for the quarter, missing the consensus estimate of $10.01 by ($0.84), FiscalAI reports. The business had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.56 billion. Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. Charter Communications’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $8.42 EPS.

Charter Communications Trading Down 23.2%

Shares of NASDAQ:CHTR traded down $56.01 during midday trading on Friday, hitting $185.77. 7,101,009 shares of the stock traded hands, compared to its average volume of 2,001,529. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. The business’s 50 day moving average is $225.82 and its two-hundred day moving average is $220.14. The stock has a market capitalization of $23.52 billion, a PE ratio of 5.10, a P/E/G ratio of 0.40 and a beta of 1.03. Charter Communications has a one year low of $180.38 and a one year high of $437.06.

Charter Communications News Summary

Here are the key news stories impacting Charter Communications this week:

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC lifted its holdings in Charter Communications by 3.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock worth $420,000 after buying an additional 38 shares during the period. Orion Porfolio Solutions LLC increased its stake in shares of Charter Communications by 1.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after buying an additional 41 shares during the period. Occudo Quantitative Strategies LP raised its holdings in shares of Charter Communications by 1.4% during the second quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after acquiring an additional 41 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in Charter Communications by 3.6% in the third quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock worth $392,000 after acquiring an additional 49 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after acquiring an additional 55 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research report on Friday, March 27th. UBS Group set a $425.00 target price on Charter Communications in a research note on Thursday, January 29th. KeyCorp restated a “sector weight” rating on shares of Charter Communications in a report on Monday, January 26th. Royal Bank Of Canada reduced their price target on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a research report on Friday, January 16th. Finally, BNP Paribas Exane decreased their price target on Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 24th. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $334.00.

Check Out Our Latest Stock Analysis on CHTR

About Charter Communications

(Get Free Report)

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.

See Also

Earnings History for Charter Communications (NASDAQ:CHTR)

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