Q3 2017 EPS Estimates for Charter Communications, Inc. (CHTR) Boosted by Analyst
Charter Communications, Inc. (NASDAQ:CHTR) – Equities research analysts at Jefferies Group upped their Q3 2017 earnings per share estimates for Charter Communications in a report issued on Thursday. Jefferies Group analyst M. Mccormack now forecasts that the company will earn $1.79 per share for the quarter, up from their prior estimate of $1.72. Jefferies Group also issued estimates for Charter Communications’ Q4 2017 earnings at $2.17 EPS, FY2017 earnings at $5.04 EPS and FY2018 earnings at $9.49 EPS.
A number of other analysts have also commented on CHTR. HSBC Holdings plc reissued a “hold” rating and set a $360.00 price objective (up from $300.00) on shares of Charter Communications in a report on Tuesday, August 1st. UBS AG reissued a “buy” rating and set a $450.00 price objective (up from $380.00) on shares of Charter Communications in a report on Monday, August 14th. Telsey Advisory Group raised Charter Communications from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $340.00 to $450.00 in a report on Wednesday, August 9th. BidaskClub raised Charter Communications from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, Robert W. Baird reissued a “hold” rating and set a $365.00 price objective on shares of Charter Communications in a report on Wednesday, October 4th. Twelve analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $381.86.
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Charter Communications (NASDAQ:CHTR) opened at 362.60 on Monday. The company’s 50-day moving average price is $373.98 and its 200 day moving average price is $353.43. The firm has a market capitalization of $93.51 billion, a PE ratio of 103.87 and a beta of 1.10. Charter Communications has a 12 month low of $241.50 and a 12 month high of $408.83.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.29). Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.38 billion. During the same period last year, the company posted $0.99 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis.
Several institutional investors have recently added to or reduced their stakes in CHTR. Swiss National Bank increased its stake in Charter Communications by 11.8% in the second quarter. Swiss National Bank now owns 857,609 shares of the company’s stock valued at $288,886,000 after acquiring an additional 90,400 shares during the last quarter. Parallel Advisors LLC increased its stake in Charter Communications by 43.3% in the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after acquiring an additional 93 shares during the last quarter. Allen Investment Management LLC bought a new position in Charter Communications in the second quarter valued at $127,850,000. State of Tennessee Treasury Department increased its stake in Charter Communications by 6.7% in the second quarter. State of Tennessee Treasury Department now owns 132,035 shares of the company’s stock valued at $44,476,000 after acquiring an additional 8,280 shares during the last quarter. Finally, Birinyi Associates Inc. bought a new position in Charter Communications in the second quarter valued at $269,000. 74.09% of the stock is currently owned by hedge funds and other institutional investors.
In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the sale, the executive vice president now owns 18,025 shares in the company, valued at $7,191,975. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.56% of the company’s stock.
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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