Charter Communications (NASDAQ:CHTR) Releases Quarterly Earnings Results

Charter Communications (NASDAQ:CHTR) released its earnings results on Friday. The company reported $8.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.55 by $0.27, Briefing.com reports. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. During the same period last year, the company earned $8.25 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis.

Charter Communications Stock Up 11.9 %

CHTR stock opened at $366.49 on Friday. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. Charter Communications has a 1-year low of $236.08 and a 1-year high of $424.86. The firm has a fifty day moving average price of $333.06 and a two-hundred day moving average price of $311.99. The firm has a market cap of $52.31 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 0.60 and a beta of 1.05.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays lifted their price target on shares of Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. Rosenblatt Securities lifted their price target on shares of Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Pivotal Research lifted their price target on shares of Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Finally, Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective on the stock in a research note on Wednesday, September 11th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $356.41.

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.