Charter Communications (NASDAQ:CHTR – Get Free Report) posted its quarterly earnings data on Friday. The company reported $10.66 earnings per share for the quarter, topping the consensus estimate of $9.98 by $0.68, FiscalAI reports. The firm had revenue of $13.53 billion during the quarter, compared to analysts’ expectations of $13.51 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. Charter Communications’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.18 EPS.
Here are the key takeaways from Charter Communications’ conference call:
- Charter added 406,000 Spectrum Mobile lines in the quarter, and management said mobile remains the fastest-growing product in its footprint with significant room to increase penetration and reduce broadband churn.
- Internet customer losses remained elevated, with Charter losing 172,000 broadband customers as competitive pressure from fixed wireless, fiber overlap, and other promotions continued to weigh on gross additions.
- Management reiterated that free cash flow should ramp significantly as capital expenditures roll down over time, with standalone 2026 capex expected around $11.4 billion and a longer-term run rate below $8 billion.
- Charter expects the pending Cox transaction to close in mid-to-late August and sees substantial integration upside, including at least $800 million of annual transaction synergies and a faster rollout of Spectrum pricing, packaging, and service processes in Cox markets.
- The company lowered its post-transaction leverage target to 3.5x and launched a capped exchange offer to accelerate deleveraging, while pausing share repurchases until the fourth quarter.
Charter Communications Stock Down 2.5%
CHTR stock opened at $123.31 on Friday. The business has a 50-day moving average of $136.02 and a 200-day moving average of $184.01. Charter Communications has a fifty-two week low of $111.55 and a fifty-two week high of $335.52. The stock has a market capitalization of $15.17 billion, a P/E ratio of 3.33, a P/E/G ratio of 0.23 and a beta of 0.71. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.40.
Insider Buying and Selling
Institutional Investors Weigh In On Charter Communications
Several hedge funds have recently bought and sold shares of CHTR. Summit Securities Group LLC acquired a new stake in Charter Communications during the fourth quarter worth approximately $68,000. AlphaCentric Advisors LLC bought a new position in shares of Charter Communications during the fourth quarter worth approximately $55,000. Brown Brothers Harriman & Co. increased its stake in shares of Charter Communications by 64.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 480 shares of the company’s stock worth $100,000 after purchasing an additional 189 shares during the period. McMillan Office Inc. acquired a new stake in Charter Communications during the 4th quarter worth approximately $97,000. Finally, Geneos Wealth Management Inc. boosted its stake in Charter Communications by 79.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 169 shares of the company’s stock valued at $69,000 after purchasing an additional 75 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.
More Charter Communications News
Here are the key news stories impacting Charter Communications this week:
- Positive Sentiment: Charter beat second-quarter earnings expectations, reporting $10.66 per share versus estimates around $9.98, and revenue of $13.53 billion came in slightly ahead of forecasts. Charter Announces Second Quarter 2026 Results
- Positive Sentiment: Mobile line growth remained a bright spot, with the company adding more than 400,000 new mobile lines, showing that its wireless expansion is still gaining traction. MarketWatch article on internet erosion
- Neutral Sentiment: Charter also announced debt exchange offers, which could help manage its capital structure, but the move is not a clear near-term catalyst for the stock. Charter Announces Debt Exchange Offers
- Negative Sentiment: Broadband subscriber losses were steeper than expected, reinforcing concerns that Charter is losing share to fiber and fixed-wireless competitors and weakening the outlook for its core internet business. Reuters broadband customer losses article
- Negative Sentiment: Multiple reports say Charter’s shares fell sharply to fresh lows as investors worried about ongoing internet and video customer losses, declining revenue, and a worsening competitive environment. MarketWatch article on Charter stock sharply lower
Wall Street Analyst Weigh In
Several brokerages have weighed in on CHTR. Barclays dropped their price objective on Charter Communications from $200.00 to $130.00 and set an “underweight” rating for the company in a report on Wednesday, July 8th. JPMorgan Chase & Co. dropped their price objective on Charter Communications from $215.00 to $200.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Sanford C. Bernstein restated a “market perform” rating and set a $210.00 target price on shares of Charter Communications in a research report on Tuesday, May 26th. Wells Fargo & Company reduced their price objective on shares of Charter Communications from $170.00 to $160.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 7th. Finally, Citigroup dropped their price objective on Charter Communications from $230.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, June 29th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $249.12.
Read Our Latest Stock Report on CHTR
About Charter Communications
Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.
The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.
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