Charter Communications (CHTR) Set to Announce Quarterly Earnings on Friday

Charter Communications (NASDAQ:CHTR) is set to post its quarterly earnings results before the market opens on Friday, July 26th. Analysts expect Charter Communications to post earnings of $8.08 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The firm had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $6.65 EPS. On average, analysts expect Charter Communications to post $32 EPS for the current fiscal year and $32 EPS for the next fiscal year.

Charter Communications Stock Down 2.3 %

Shares of NASDAQ CHTR opened at $312.66 on Thursday. The company has a market capitalization of $45.03 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. Charter Communications has a 52-week low of $236.08 and a 52-week high of $458.30. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.40 and a current ratio of 0.40. The company’s 50 day moving average price is $290.25 and its 200-day moving average price is $296.09.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CHTR shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Tuesday, April 16th. Barclays lowered their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. Citigroup lowered shares of Charter Communications from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $280.00 to $255.00 in a research note on Wednesday, July 3rd. Loop Capital lowered their price objective on shares of Charter Communications from $335.00 to $285.00 and set a “hold” rating for the company in a research note on Monday, April 29th. Finally, Pivotal Research decreased their price target on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $331.80.

Charter Communications Company Profile

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.