Wall Street analysts expect that Charter Communications Inc (NASDAQ:CHTR) will post $2.53 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Charter Communications’ earnings, with the highest EPS estimate coming in at $3.11 and the lowest estimate coming in at $1.59. Charter Communications posted earnings per share of $1.29 during the same quarter last year, which indicates a positive year-over-year growth rate of 96.1%. The company is expected to issue its next earnings results on Thursday, January 30th.
On average, analysts expect that Charter Communications will report full-year earnings of $6.88 per share for the current year, with EPS estimates ranging from $5.83 to $8.25. For the next fiscal year, analysts expect that the firm will post earnings of $13.34 per share, with EPS estimates ranging from $9.11 to $15.50. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Charter Communications.
Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, October 25th. The company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.66 by $0.08. The firm had revenue of $11.45 billion for the quarter, compared to analyst estimates of $11.42 billion. Charter Communications had a return on equity of 2.91% and a net margin of 2.76%. Charter Communications’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $2.11 earnings per share.
Several analysts recently commented on the company. Pivotal Research raised their target price on Charter Communications from $500.00 to $600.00 in a report on Friday, October 25th. Argus raised their target price on Charter Communications from $440.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Benchmark set a $422.00 target price on Charter Communications and gave the stock a “hold” rating in a report on Monday, August 26th. SunTrust Banks raised their target price on Charter Communications to $495.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Sanford C. Bernstein assumed coverage on Charter Communications in a report on Wednesday, October 16th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $455.52.
Charter Communications stock traded up $0.32 during midday trading on Monday, hitting $470.33. 897,056 shares of the company were exchanged, compared to its average volume of 1,145,292. The firm has a market capitalization of $100.95 billion, a PE ratio of 90.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20. Charter Communications has a fifty-two week low of $272.91 and a fifty-two week high of $485.99. The business has a fifty day simple moving average of $462.77 and a two-hundred day simple moving average of $415.56. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.28 and a current ratio of 0.28.
In other Charter Communications news, Director Lance Conn sold 1,000 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $460.87, for a total transaction of $460,870.00. Following the transaction, the director now owns 7,552 shares in the company, valued at $3,480,490.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David C. Merritt sold 1,200 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $474.47, for a total value of $569,364.00. Following the transaction, the director now owns 9,276 shares in the company, valued at approximately $4,401,183.72. The disclosure for this sale can be found here. Insiders have sold 3,434 shares of company stock worth $1,603,797 in the last quarter. 0.84% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Charter Communications by 0.6% in the second quarter. Vanguard Group Inc. now owns 12,278,062 shares of the company’s stock valued at $4,852,045,000 after acquiring an additional 78,800 shares in the last quarter. Invesco Ltd. lifted its position in shares of Charter Communications by 1.4% in the second quarter. Invesco Ltd. now owns 4,243,402 shares of the company’s stock valued at $1,676,908,000 after acquiring an additional 58,473 shares in the last quarter. Longview Partners Guernsey LTD lifted its position in shares of Charter Communications by 13.3% in the second quarter. Longview Partners Guernsey LTD now owns 3,238,400 shares of the company’s stock valued at $1,279,751,000 after acquiring an additional 381,226 shares in the last quarter. Egerton Capital UK LLP lifted its position in shares of Charter Communications by 1.5% in the second quarter. Egerton Capital UK LLP now owns 2,889,662 shares of the company’s stock valued at $1,141,937,000 after acquiring an additional 42,802 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Charter Communications by 0.9% in the second quarter. Northern Trust Corp now owns 2,000,210 shares of the company’s stock valued at $790,444,000 after acquiring an additional 16,961 shares in the last quarter. Institutional investors own 72.90% of the company’s stock.
About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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