Charter Communications, Inc. (CHTR) Expected to Post Earnings of $1.05 Per Share
Wall Street brokerages expect that Charter Communications, Inc. (NASDAQ:CHTR) will post $1.05 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Charter Communications’ earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $1.73. Charter Communications posted earnings of $0.69 per share in the same quarter last year, which would suggest a positive year over year growth rate of 52.2%. The business is scheduled to issue its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Charter Communications will report full year earnings of $3.90 per share for the current fiscal year, with EPS estimates ranging from $2.71 to $6.94. For the next financial year, analysts forecast that the business will report earnings of $7.35 per share, with EPS estimates ranging from $4.20 to $11.67. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Charter Communications.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.81 by $0.29. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The business had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.38 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. Charter Communications’s quarterly revenue was up 3.9% on a year-over-year basis.
A number of equities analysts recently weighed in on CHTR shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $356.00 price target on shares of Charter Communications in a research report on Thursday, May 25th. Oppenheimer Holdings, Inc. started coverage on Charter Communications in a research report on Thursday, June 1st. They issued a “market perform” rating for the company. CIBC started coverage on Charter Communications in a research report on Friday, June 2nd. They issued a “market perform” rating for the company. BidaskClub lowered Charter Communications from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Charter Communications in a research report on Wednesday, June 28th. Twelve equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $375.73.
In related news, EVP Jonathan Hargis sold 10,976 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $399.00, for a total value of $4,379,424.00. Following the sale, the executive vice president now owns 18,025 shares of the company’s stock, valued at approximately $7,191,975. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.56% of the company’s stock.
A number of hedge funds have recently made changes to their positions in CHTR. Geneva Advisors LLC acquired a new stake in Charter Communications in the 1st quarter valued at $217,000. Capital One National Association acquired a new stake in Charter Communications in the 1st quarter valued at $264,000. Wellington Shields Capital Management LLC acquired a new stake in Charter Communications in the 1st quarter valued at $899,000. Bank of New York Mellon Corp boosted its stake in Charter Communications by 1.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,230,956 shares of the company’s stock valued at $730,237,000 after buying an additional 33,179 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its stake in Charter Communications by 2.8% in the 1st quarter. Suntrust Banks Inc. now owns 8,659 shares of the company’s stock valued at $2,831,000 after buying an additional 233 shares in the last quarter. 74.15% of the stock is currently owned by institutional investors and hedge funds.
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Charter Communications (CHTR) traded down 1.70% during midday trading on Thursday, hitting $395.64. 2,802,025 shares of the company traded hands. The stock has a market cap of $102.03 billion, a P/E ratio of 113.33 and a beta of 1.10. Charter Communications has a 12-month low of $241.50 and a 12-month high of $408.83. The stock has a 50 day moving average of $385.08 and a 200 day moving average of $345.06.
Charter Communications Company Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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