Equities analysts expect that Charter Communications Inc (NASDAQ:CHTR) will report earnings of $2.56 per share for the current quarter, according to Zacks. Twelve analysts have made estimates for Charter Communications’ earnings, with the lowest EPS estimate coming in at $1.59 and the highest estimate coming in at $3.27. Charter Communications posted earnings of $1.29 per share during the same quarter last year, which would suggest a positive year over year growth rate of 98.4%. The business is scheduled to report its next earnings results before the market opens on Friday, January 31st.
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 $5.82 to $8.25. For the next fiscal year, analysts anticipate that the firm will report earnings of $13.58 per share, with EPS estimates ranging from $9.11 to $16.23. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Charter Communications.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, October 25th. The company reported $1.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.08. Charter Communications had a return on equity of 2.91% and a net margin of 2.76%. The company had revenue of $11.45 billion for the quarter, compared to analysts’ expectations of $11.42 billion. During the same period in the previous year, the firm posted $2.11 EPS. Charter Communications’s revenue was up 5.1% compared to the same quarter last year.
Several equities research analysts recently issued reports on CHTR shares. TD Securities lifted their price objective on Charter Communications from $490.00 to $495.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Pivotal Research lifted their price objective on Charter Communications from $500.00 to $600.00 in a report on Friday, October 25th. ValuEngine upgraded Charter Communications from a “sell” rating to a “hold” rating in a report on Saturday, January 4th. Deutsche Bank lifted their price objective on Charter Communications from $440.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Credit Suisse Group lifted their price objective on Charter Communications from $400.00 to $430.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $460.76.
In other news, Director Lance Conn sold 1,000 shares of the business’s 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 directly owns 7,552 shares in the company, valued at approximately $3,480,490.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David C. Merritt sold 1,200 shares of the business’s 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 $4,401,183.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,434 shares of company stock worth $2,103,797. Insiders own 0.84% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC acquired a new position in Charter Communications in the third quarter valued at approximately $201,000. Stifel Financial Corp lifted its holdings in Charter Communications by 37.0% in the third quarter. Stifel Financial Corp now owns 28,023 shares of the company’s stock valued at $11,547,000 after acquiring an additional 7,573 shares during the last quarter. Private Trust Co. NA acquired a new position in Charter Communications in the fourth quarter valued at approximately $319,000. Arbor Wealth Management LLC lifted its holdings in Charter Communications by 12.1% in the third quarter. Arbor Wealth Management LLC now owns 26,814 shares of the company’s stock valued at $11,051,000 after acquiring an additional 2,888 shares during the last quarter. Finally, NewSquare Capital LLC lifted its holdings in Charter Communications by 11.9% in the fourth quarter. NewSquare Capital LLC now owns 1,460 shares of the company’s stock valued at $708,000 after acquiring an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 72.76% of the company’s stock.
CHTR stock traded down $3.06 during trading on Friday, hitting $505.72. The stock had a trading volume of 362,885 shares, compared to its average volume of 1,035,116. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.28 and a quick ratio of 0.28. Charter Communications has a twelve month low of $279.33 and a twelve month high of $517.07. The stock has a market capitalization of $109.28 billion, a P/E ratio of 96.88, a PEG ratio of 0.98 and a beta of 1.19. The company’s 50-day moving average price is $482.62 and its two-hundred day moving average price is $437.51.
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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