Charter Communications, Inc. (NASDAQ:CHTR) issued its quarterly earnings results on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.77), Bloomberg Earnings reports. The company had revenue of $10.46 billion during the quarter, compared to analyst estimates of $10.49 billion. Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 EPS.
Charter Communications (NASDAQ CHTR) opened at $338.44 on Friday. Charter Communications has a fifty-two week low of $258.63 and a fifty-two week high of $408.83. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $84,139.57, a P/E ratio of 210.21, a PEG ratio of 5.26 and a beta of 1.09.
In other Charter Communications news, CFO Christopher L. Winfrey purchased 3,100 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were acquired at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the acquisition, the chief financial officer now owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.56% of the company’s stock.
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Several research firms recently commented on CHTR. Morgan Stanley raised their target price on Charter Communications from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Macquarie reaffirmed a “buy” rating and set a $430.00 target price on shares of Charter Communications in a research note on Tuesday, October 3rd. HSBC Holdings plc reaffirmed a “hold” rating and set a $360.00 target price (up previously from $300.00) on shares of Charter Communications in a research note on Tuesday, August 1st. Pivotal Research reaffirmed a “buy” rating and set a $420.00 target price (up previously from $405.00) on shares of Charter Communications in a research note on Friday, October 27th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $372.00 target price (up previously from $330.00) on shares of Charter Communications in a research note on Sunday, July 30th. Thirteen analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $378.12.
About Charter Communications
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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