Equities research analysts expect Charter Communications, Inc. (NASDAQ:CHTR) to report $4.81 earnings per share for the current quarter, according to Zacks Investment Research. Seventeen analysts have provided estimates for Charter Communications’ earnings, with the highest EPS estimate coming in at $5.69 and the lowest estimate coming in at $4.18. Charter Communications reported earnings per share of $3.63 during the same quarter last year, which would indicate a positive year over year growth rate of 32.5%. The company is expected to issue its next earnings report before the market opens on Friday, July 30th.
On average, analysts expect that Charter Communications will report full year earnings of $19.67 per share for the current year, with EPS estimates ranging from $17.35 to $20.97. For the next financial year, analysts expect that the business will post earnings of $27.57 per share, with EPS estimates ranging from $21.15 to $31.36. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Charter Communications.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Thursday, April 29th. The company reported $4.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.34 by ($0.23). The company had revenue of $12.52 billion during the quarter, compared to the consensus estimate of $12.50 billion. Charter Communications had a net margin of 7.43% and a return on equity of 11.02%. Charter Communications’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.86 earnings per share.
Several equities analysts recently commented on the stock. Credit Suisse Group upped their price target on shares of Charter Communications from $724.00 to $780.00 and gave the company an “outperform” rating in a research note on Monday, May 3rd. Citigroup upped their price target on shares of Charter Communications from $708.00 to $724.00 and gave the company a “neutral” rating in a research note on Wednesday, June 2nd. Wells Fargo & Company upped their price target on shares of Charter Communications from $763.00 to $816.00 and gave the company an “overweight” rating in a research note on Monday, May 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charter Communications from $725.00 to $770.00 and gave the company a “buy” rating in a research note on Monday, May 3rd. Finally, Argus upped their price target on shares of Charter Communications from $700.00 to $775.00 and gave the company a “buy” rating in a research note on Wednesday, May 12th. Seven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $736.67.
In related news, EVP Richard R. Dykhouse sold 11,147 shares of the firm’s stock in a transaction that occurred on Tuesday, May 18th. The shares were sold at an average price of $683.20, for a total value of $7,615,630.40. Following the completion of the transaction, the executive vice president now owns 14,439 shares in the company, valued at approximately $9,864,724.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO John Bickham sold 14,376 shares of the firm’s stock in a transaction that occurred on Thursday, June 17th. The shares were sold at an average price of $685.13, for a total transaction of $9,849,428.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,966 shares of company stock worth $25,155,664. 1.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Berman Capital Advisors LLC raised its holdings in Charter Communications by 12.0% during the 4th quarter. Berman Capital Advisors LLC now owns 458 shares of the company’s stock worth $302,000 after purchasing an additional 49 shares during the last quarter. ETF Managers Group LLC raised its holdings in Charter Communications by 9.6% during the 4th quarter. ETF Managers Group LLC now owns 637 shares of the company’s stock worth $416,000 after purchasing an additional 56 shares during the last quarter. Morgan Stanley raised its holdings in Charter Communications by 15.3% during the 4th quarter. Morgan Stanley now owns 596,779 shares of the company’s stock worth $394,799,000 after purchasing an additional 79,189 shares during the last quarter. Glenmede Trust Co. NA raised its holdings in Charter Communications by 9.3% during the 4th quarter. Glenmede Trust Co. NA now owns 3,005 shares of the company’s stock worth $1,987,000 after purchasing an additional 256 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in Charter Communications by 6.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 925 shares of the company’s stock worth $612,000 after purchasing an additional 57 shares during the last quarter. Institutional investors and hedge funds own 69.67% of the company’s stock.
Shares of CHTR opened at $726.81 on Monday. The company has a market capitalization of $137.12 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 1.07 and a beta of 0.99. The company has a 50-day moving average of $703.29. Charter Communications has a fifty-two week low of $554.26 and a fifty-two week high of $749.31. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.37 and a quick ratio of 0.37.
Charter Communications Company Profile
Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.
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