Charter Communications (NASDAQ:CHTR) Announces Quarterly Earnings Results, Misses Expectations By $0.23 EPS

Charter Communications (NASDAQ:CHTR) issued its earnings results on Friday. The company reported $7.55 earnings per share for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23), RTT News reports. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The business had revenue of $13.68 billion during the quarter, compared to analysts’ expectations of $13.75 billion. During the same period last year, the firm posted $6.65 EPS. Charter Communications’s quarterly revenue was up .2% compared to the same quarter last year.

Charter Communications Trading Down 1.7 %

Shares of CHTR opened at $254.61 on Friday. The firm has a market cap of $36.98 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 0.44 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications has a 1 year low of $236.08 and a 1 year high of $458.30. The company has a 50 day simple moving average of $281.16 and a two-hundred day simple moving average of $347.46.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Bank of America decreased their target price on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price for the company in a research report on Monday, March 18th. Benchmark decreased their price target on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Rosenblatt Securities cut their price objective on shares of Charter Communications from $334.00 to $297.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Finally, Wells Fargo & Company reduced their price objective on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and a consensus target price of $380.80.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.