Wall Street brokerages expect that Charter Communications, Inc. (NASDAQ:CHTR) will post $0.89 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Charter Communications’ earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $1.30. Charter Communications posted earnings of $0.33 per share in the same quarter last year, which would suggest a positive year over year growth rate of 169.7%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 15th.
According to Zacks, analysts expect that Charter Communications will report full year earnings of $2.22 per share for the current fiscal year, with EPS estimates ranging from $1.76 to $3.45. For the next financial year, analysts forecast that the business will report earnings of $5.56 per share, with EPS estimates ranging from $2.31 to $8.90. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Charter Communications.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.77). Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The firm had revenue of $10.46 billion for the quarter, compared to analyst estimates of $10.49 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. Charter Communications’s revenue for the quarter was up 4.2% on a year-over-year basis.
CHTR has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Charter Communications from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Barclays dropped their price target on shares of Charter Communications from $354.00 to $283.00 and set an “equal weight” rating for the company in a research report on Friday, October 27th. Evercore ISI lifted their price target on shares of Charter Communications from $360.00 to $438.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. Robert W. Baird reiterated a “hold” rating and set a $365.00 price target on shares of Charter Communications in a research report on Wednesday, October 4th. Finally, Moffett Nathanson upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $382.53.
In other Charter Communications news, CFO Christopher L. Winfrey acquired 3,100 shares of the stock in a transaction dated Monday, October 30th. The stock was acquired at an average price of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the purchase, the chief financial officer now owns 49,916 shares in the company, valued at approximately $16,153,316.76. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.56% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Caledonia Investments PLC purchased a new position in shares of Charter Communications in the fourth quarter valued at approximately $13,606,000. AustralianSuper Pty Ltd purchased a new position in shares of Charter Communications in the third quarter valued at approximately $18,135,000. Parametric Portfolio Associates LLC boosted its stake in shares of Charter Communications by 8.2% in the third quarter. Parametric Portfolio Associates LLC now owns 394,493 shares of the company’s stock valued at $143,367,000 after purchasing an additional 30,002 shares during the period. AXA boosted its stake in shares of Charter Communications by 3.1% in the third quarter. AXA now owns 40,969 shares of the company’s stock valued at $14,889,000 after purchasing an additional 1,242 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Charter Communications in the third quarter valued at approximately $180,000. 72.16% of the stock is owned by institutional investors and hedge funds.
Charter Communications (CHTR) traded down $1.27 during trading on Friday, reaching $354.00. 644,642 shares of the company traded hands, compared to its average volume of 1,522,072. Charter Communications has a 52-week low of $292.84 and a 52-week high of $408.83. The firm has a market capitalization of $88,323.67, a PE ratio of 120.00, a P/E/G ratio of 2.63 and a beta of 1.05. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55.
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Charter Communications Company Profile
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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