Wall Street analysts forecast that Charter Communications, Inc. (NASDAQ:CHTR) will announce sales of $10.49 billion for the current quarter, according to Zacks. Twelve analysts have made estimates for Charter Communications’ earnings, with the highest sales estimate coming in at $10.69 billion and the lowest estimate coming in at $10.43 billion. Charter Communications reported sales of $10.04 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The company is scheduled to announce its next earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Charter Communications will report full-year sales of $10.49 billion for the current financial year, with estimates ranging from $41.18 billion to $42.11 billion. For the next year, analysts expect that the firm will report sales of $43.97 billion per share, with estimates ranging from $42.99 billion to $44.78 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Charter Communications.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.81 by $0.29. Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The company had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.38 billion. During the same period last year, the firm posted $0.99 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis.

Several research firms have recently commented on CHTR. Citigroup Inc. raised their target price on shares of Charter Communications from $378.00 to $456.00 and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. UBS AG reaffirmed a “buy” rating and issued a $450.00 target price (up from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Telsey Advisory Group cut shares of Charter Communications from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $450.00 to $340.00 in a research report on Tuesday. BidaskClub raised shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $410.00 target price (up from $390.00) on shares of Charter Communications in a research report on Monday, July 31st. Twelve 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 target price of $375.73.

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In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the completion of the sale, the executive vice president now directly owns 18,025 shares in the company, valued at approximately $7,191,975. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in CHTR. Cornerstone Advisors Inc. increased its stake in Charter Communications by 4.9% during the 2nd quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after purchasing an additional 16 shares in the last quarter. Parallel Advisors LLC increased its stake in Charter Communications by 43.3% during the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after purchasing an additional 93 shares in the last quarter. Barrett Asset Management LLC increased its stake in Charter Communications by 118.7% during the 2nd quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock valued at $134,000 after purchasing an additional 216 shares in the last quarter. Bessemer Group Inc. increased its stake in Charter Communications by 50.7% during the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock valued at $152,000 after purchasing an additional 151 shares in the last quarter. Finally, Rational Advisors LLC bought a new stake in Charter Communications during the 2nd quarter valued at about $168,000. Institutional investors and hedge funds own 74.15% of the company’s stock.

Shares of Charter Communications (NASDAQ CHTR) opened at 392.90 on Friday. Charter Communications has a 1-year low of $241.50 and a 1-year high of $408.83. The company has a market capitalization of $101.32 billion, a P/E ratio of 112.55 and a beta of 1.10. The firm has a 50-day moving average of $386.44 and a 200 day moving average of $345.40.

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

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