Brokerages Anticipate Charter Communications, Inc. (CHTR) to Post $1.03 Earnings Per Share
Wall Street analysts forecast that Charter Communications, Inc. (NASDAQ:CHTR) will post $1.03 earnings per share for the current quarter, according to Zacks Investment Research. Twelve analysts have made estimates for Charter Communications’ earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $1.77. Charter Communications posted earnings of $0.33 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 212.1%. The business is scheduled to announce its next earnings report on Thursday, February 15th.
According to Zacks, analysts expect that Charter Communications will report full-year earnings of $2.77 per share for the current financial year, with EPS estimates ranging from $1.82 to $4.63. For the next fiscal year, analysts forecast that the business will report earnings of $5.90 per share, with EPS estimates ranging from $2.31 to $8.93. 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 announced its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.77). The company had revenue of $10.46 billion for the quarter, compared to the consensus estimate of $10.49 billion. Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 EPS.
A number of brokerages have recently weighed in on CHTR. reaffirmed a “hold” rating and set a $360.00 target price (up previously from $300.00) on shares of Charter Communications in a research note on Tuesday, August 1st. UBS AG reaffirmed a “buy” rating and set a $450.00 target price (up previously from $380.00) on shares of Charter Communications in a research note on Monday, August 14th. Telsey Advisory Group raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $340.00 to $450.00 in a research note on Wednesday, August 9th. BidaskClub raised shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, Barclays PLC set a $354.00 target price on shares of Charter Communications and gave the company an “equal weight” rating in a research note on Wednesday, August 2nd. Thirteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Charter Communications currently has a consensus rating of “Buy” and an average target price of $378.12.
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Shares of Charter Communications (NASDAQ:CHTR) traded down $4.15 on Wednesday, hitting $334.27. 961,096 shares of the stock were exchanged, compared to its average volume of 1,675,659. The company has a market cap of $84,122.16, a price-to-earnings ratio of 210.17, a price-to-earnings-growth ratio of 5.26 and a beta of 1.09. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.40 and a quick ratio of 0.40. Charter Communications has a 52-week low of $265.78 and a 52-week high of $408.83.
In other news, CFO Christopher L. Winfrey bought 3,100 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were purchased at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the purchase, the chief financial officer now owns 49,916 shares in the company, valued at approximately $16,153,316.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.56% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Parametrica Management Ltd bought a new position in shares of Charter Communications in the third quarter worth approximately $226,000. Swiss National Bank lifted its stake in shares of Charter Communications by 11.8% in the second quarter. Swiss National Bank now owns 857,609 shares of the company’s stock worth $288,886,000 after buying an additional 90,400 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Charter Communications by 43.3% in the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock worth $121,000 after buying an additional 93 shares in the last quarter. Allen Investment Management LLC bought a new position in shares of Charter Communications in the second quarter worth approximately $127,850,000. Finally, State of Tennessee Treasury Department lifted its stake in shares of Charter Communications by 6.7% in the second quarter. State of Tennessee Treasury Department now owns 132,035 shares of the company’s stock worth $44,476,000 after buying an additional 8,280 shares in the last quarter. Hedge funds and other institutional investors own 74.76% of the company’s stock.
About Charter Communications
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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