Equities research analysts forecast that Charter Communications, Inc. (NASDAQ:CHTR) will report earnings of $0.89 per share for the current fiscal quarter, according to Zacks. Twelve analysts have provided estimates for Charter Communications’ earnings. The highest EPS estimate is $1.30 and the lowest is $0.48. Charter Communications posted earnings of $0.33 per share during the same quarter last year, which would suggest a positive year over year growth rate of 169.7%. The firm is expected to announce its next quarterly earnings report before the market opens on Friday, February 2nd.
According to Zacks, analysts expect that Charter Communications will report full-year earnings of $2.22 per share for the current year, with EPS estimates ranging from $1.76 to $3.45. For the next financial year, analysts anticipate that the company will post earnings of $5.72 per share, with EPS estimates ranging from $2.31 to $8.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Charter Communications.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The business had revenue of $10.46 billion for the quarter, compared to analysts’ expectations of $10.49 billion. During the same quarter in the prior year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis.
CHTR has been the topic of several recent analyst reports. Barclays cut their target price on Charter Communications from $354.00 to $283.00 and set an “equal weight” rating on the stock in a research note on Friday, October 27th. Zacks Investment Research downgraded Charter Communications from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 26th. Macquarie reiterated a “buy” rating on shares of Charter Communications in a research note on Sunday, October 29th. Buckingham Research initiated coverage on Charter Communications in a research note on Wednesday, December 13th. They set a “buy” rating and a $415.00 target price on the stock. Finally, Pivotal Research reiterated a “buy” rating and set a $420.00 target price (up from $405.00) on shares of Charter Communications in a research note on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $382.53.
In other news, CFO Christopher L. Winfrey purchased 3,100 shares of the stock in a transaction dated Monday, October 30th. The shares were purchased at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the acquisition, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.56% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MML Investors Services LLC raised its holdings in Charter Communications by 1.3% in the 2nd quarter. MML Investors Services LLC now owns 842 shares of the company’s stock worth $284,000 after purchasing an additional 11 shares during the period. Quadrant Capital Group LLC raised its holdings in Charter Communications by 5.9% in the 2nd quarter. Quadrant Capital Group LLC now owns 681 shares of the company’s stock worth $194,000 after purchasing an additional 38 shares during the period. Colony Group LLC raised its holdings in Charter Communications by 6.8% in the 2nd quarter. Colony Group LLC now owns 813 shares of the company’s stock worth $274,000 after purchasing an additional 52 shares during the period. Nordea Investment Management AB raised its holdings in Charter Communications by 0.5% in the 2nd quarter. Nordea Investment Management AB now owns 10,744 shares of the company’s stock worth $3,619,000 after purchasing an additional 55 shares during the period. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in Charter Communications by 11.9% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 755 shares of the company’s stock worth $254,000 after purchasing an additional 80 shares during the period. 72.15% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Charter Communications (NASDAQ CHTR) traded down $1.07 on Friday, reaching $352.93. The company’s stock had a trading volume of 1,112,500 shares, compared to its average volume of 1,830,000. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55. Charter Communications has a 1-year low of $292.84 and a 1-year high of $408.83. The stock has a market cap of $88,010.00, a P/E ratio of 191.81, a price-to-earnings-growth ratio of 2.62 and a beta of 1.06.
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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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