Charter Communications, Inc. (CHTR) to Release Earnings on Wednesday
Charter Communications, Inc. (NASDAQ:CHTR) will release its earnings data before the market opens on Wednesday, November 1st.
Charter Communications (NASDAQ:CHTR) last issued 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). The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.38 billion. Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the company posted $0.99 earnings per share. On average, analysts expect Charter Communications to post $3.59 EPS for the current fiscal year and $7.17 EPS for the next fiscal year.
Charter Communications, Inc. (CHTR) opened at 340.26 on Wednesday. Charter Communications, Inc. has a 52 week low of $241.50 and a 52 week high of $408.83. The company has a market capitalization of $87.75 billion, a P/E ratio of 97.47 and a beta of 1.10. The stock’s 50 day moving average is $367.04 and its 200 day moving average is $354.48.
In other news, EVP Jonathan Hargis sold 10,976 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $399.00, for a total value of $4,379,424.00. Following the completion of the sale, the executive vice president now 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 is available at the SEC website. Insiders own 0.56% of the company’s stock.
A number of equities analysts recently commented on the stock. Moffett Nathanson reaffirmed a “neutral” rating on shares of Charter Communications in a research note on Monday, October 16th. HSBC Holdings plc reiterated a “hold” rating and set a $360.00 price objective (up previously from $300.00) on shares of Charter Communications in a report on Tuesday, August 1st. UBS AG reiterated a “buy” rating and set a $450.00 price objective (up previously from $380.00) on shares of Charter Communications in a report on Monday, August 14th. Telsey Advisory Group upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $340.00 to $450.00 in a report on Wednesday, August 9th. Finally, BidaskClub upgraded shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Twelve equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Charter Communications currently has a consensus rating of “Buy” and a consensus price target of $381.86.
About Charter Communications
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.
Receive News & Ratings for Charter Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.