Brokerages Anticipate Charter Communications, Inc. (NASDAQ:CHTR) to Announce $6.45 Earnings Per Share

Equities analysts expect that Charter Communications, Inc. (NASDAQ:CHTR) will post earnings per share of $6.45 for the current quarter, according to Zacks. Thirteen analysts have made estimates for Charter Communications’ earnings. The highest EPS estimate is $7.86 and the lowest is $4.79. Charter Communications reported earnings per share of $5.50 during the same quarter last year, which would indicate a positive year over year growth rate of 17.3%. The business is expected to announce its next quarterly earnings results on Friday, February 4th.

According to Zacks, analysts expect that Charter Communications will report full year earnings of $21.65 per share for the current financial year, with EPS estimates ranging from $19.07 to $24.18. For the next financial year, analysts expect that the firm will post earnings of $30.55 per share, with EPS estimates ranging from $25.59 to $35.88. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Charter Communications.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Thursday, October 28th. The company reported $6.50 EPS for the quarter, topping analysts’ consensus estimates of $5.71 by $0.79. The firm had revenue of $13.15 billion during the quarter, compared to analyst estimates of $12.95 billion. Charter Communications had a return on equity of 16.19% and a net margin of 8.40%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.90 EPS.

Several equities analysts have recently issued reports on the company. Exane BNP Paribas assumed coverage on Charter Communications in a report on Monday, September 27th. They issued an “outperform” rating and a $956.00 target price for the company. Zacks Investment Research lowered Charter Communications from a “buy” rating to a “hold” rating and set a $787.00 target price for the company. in a report on Tuesday, August 3rd. TD Securities reduced their target price on Charter Communications from $870.00 to $860.00 and set a “buy” rating for the company in a report on Monday, November 1st. Loop Capital reduced their target price on Charter Communications from $815.00 to $730.00 and set a “hold” rating for the company in a report on Monday. Finally, Barclays reduced their target price on Charter Communications from $725.00 to $700.00 and set an “equal weight” rating for the company in a report on Monday, November 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $803.21.

In related news, CEO Thomas Rutledge sold 43,106 shares of the stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $674.34, for a total value of $29,068,100.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meridian Wealth Partners LLC bought a new position in shares of Charter Communications during the first quarter valued at about $25,000. Canton Hathaway LLC bought a new position in shares of Charter Communications during the third quarter valued at about $28,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of Charter Communications during the third quarter valued at about $29,000. Itau Unibanco Holding S.A. bought a new position in shares of Charter Communications during the second quarter valued at about $32,000. Finally, Strategic Blueprint LLC bought a new position in shares of Charter Communications during the second quarter valued at about $33,000. 69.90% of the stock is currently owned by institutional investors and hedge funds.

CHTR traded down $2.05 during midday trading on Thursday, reaching $672.69. 829,265 shares of the company were exchanged, compared to its average volume of 964,243. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.29 and a current ratio of 0.29. The company’s fifty day moving average price is $712.51 and its 200 day moving average price is $726.45. The company has a market cap of $120.61 billion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 0.88 and a beta of 0.96. Charter Communications has a one year low of $585.45 and a one year high of $825.62.

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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Earnings History and Estimates for Charter Communications (NASDAQ:CHTR)

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