Charter Communications (NASDAQ:CHTR) Announces Quarterly Earnings Results, Misses Estimates By $0.23 EPS

Charter Communications (NASDAQ:CHTR) posted its quarterly earnings results on Friday. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23), RTT News reports. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. During the same period in the prior year, the business earned $6.65 EPS. Charter Communications’s revenue for the quarter was up .2% on a year-over-year basis.

Charter Communications Stock Performance

Shares of CHTR traded down $4.89 during mid-day trading on Friday, reaching $254.21. 1,626,899 shares of the company’s stock were exchanged, compared to its average volume of 1,585,467. The business’s fifty day simple moving average is $281.92 and its 200-day simple moving average is $349.44. Charter Communications has a 52-week low of $236.08 and a 52-week high of $458.30. The stock has a market capitalization of $36.92 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 0.46 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31.

Analyst Ratings Changes

Several analysts recently weighed in on CHTR shares. JPMorgan Chase & Co. reduced their target price on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a report on Monday, April 1st. Bank of America decreased their price objective on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Benchmark dropped their target price on Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Deutsche Bank Aktiengesellschaft decreased their price target on Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a report on Tuesday, April 16th. Finally, Sanford C. Bernstein upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective on the stock in a report on Monday, March 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $380.80.

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 offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.