Equities research analysts expect Charter Communications, Inc. (NASDAQ:CHTR) to post earnings per share of $4.32 for the current quarter, Zacks Investment Research reports. Twelve analysts have made estimates for Charter Communications’ earnings. The highest EPS estimate is $4.96 and the lowest is $3.75. Charter Communications posted earnings per share of $1.96 in the same quarter last year, which suggests a positive year-over-year growth rate of 120.4%. The company is scheduled to issue its next quarterly earnings report before the market opens on Friday, April 30th.
According to Zacks, analysts expect that Charter Communications will report full year earnings of $20.21 per share for the current fiscal year, with EPS estimates ranging from $16.96 to $22.29. For the next year, analysts anticipate that the company will post earnings of $27.98 per share, with EPS estimates ranging from $24.22 to $31.51. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Charter Communications.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, January 28th. The company reported $6.05 earnings per share for the quarter, topping the consensus estimate of $4.89 by $1.16. The company had revenue of $12.62 billion for the quarter, compared to analyst estimates of $12.57 billion. Charter Communications had a net margin of 5.70% and a return on equity of 7.50%. Charter Communications’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.28 EPS.
Shares of Charter Communications stock traded down $0.92 during trading on Friday, hitting $614.24. 1,040,030 shares of the stock were exchanged, compared to its average volume of 1,213,160. The stock has a market capitalization of $119.00 billion, a price-to-earnings ratio of 48.48, a price-to-earnings-growth ratio of 0.67 and a beta of 1.00. The company has a fifty day moving average price of $620.33 and a 200-day moving average price of $630.34. Charter Communications has a 1-year low of $462.16 and a 1-year high of $681.71. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 2.31.
In other news, insider David Ellen sold 10,117 shares of the company’s stock in a transaction that occurred on Tuesday, March 9th. The shares were sold at an average price of $629.77, for a total transaction of $6,371,383.09. Following the completion of the sale, the insider now owns 38,710 shares of the company’s stock, valued at approximately $24,378,396.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.18% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. First Hawaiian Bank lifted its holdings in shares of Charter Communications by 3.9% during the 1st quarter. First Hawaiian Bank now owns 1,385 shares of the company’s stock worth $854,000 after acquiring an additional 52 shares during the period. Everence Capital Management Inc. bought a new position in Charter Communications in the 1st quarter valued at approximately $2,297,000. Fulton Bank N.A. bought a new position in Charter Communications in the 1st quarter valued at approximately $316,000. Curi Capital bought a new position in Charter Communications in the 4th quarter valued at approximately $58,000. Finally, SOA Wealth Advisors LLC. bought a new position in Charter Communications in the 4th quarter valued at approximately $54,000. 70.05% of the stock is owned by institutional investors.
About Charter Communications
Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company provides Internet services, such as security suite that protects computers from viruses and spyware; in-home WiFi, which provides customers with high performance wireless routers to enhance their in-home wireless Internet experience; out-of-home WiFi; and Spectrum WiFi services, as well as video services.
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