Analysts expect that Charter Communications, Inc. (NASDAQ:CHTR) will report sales of $10.59 billion for the current fiscal quarter, according to Zacks. Twelve analysts have made estimates for Charter Communications’ earnings. The lowest sales estimate is $10.52 billion and the highest is $10.74 billion. Charter Communications posted sales of $10.28 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The company is expected to announce its next quarterly earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Charter Communications will report full-year sales of $10.59 billion for the current fiscal year, with estimates ranging from $41.50 billion to $41.72 billion. For the next year, analysts forecast that the company will report sales of $43.60 billion per share, with estimates ranging from $43.26 billion to $44.03 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Charter Communications.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.77). The firm had revenue of $10.46 billion during the quarter, compared to analysts’ expectations of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 earnings per share.

A number of research analysts have issued reports on the stock. UBS reissued a “buy” rating and set a $450.00 price objective (up from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Robert W. Baird reissued a “hold” rating and set a $365.00 price objective on shares of Charter Communications in a research report on Wednesday, October 4th. Royal Bank of Canada reissued a “buy” rating and set a $420.00 price objective on shares of Charter Communications in a research report on Monday, September 18th. Moffett Nathanson reissued a “neutral” rating on shares of Charter Communications in a research report on Monday, October 16th. Finally, Barclays downgraded shares of Charter Communications from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $267.01 to $283.00 in a research report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $378.12.

Charter Communications (NASDAQ CHTR) opened at $331.49 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55. The stock has a market cap of $80,673.95, a price-to-earnings ratio of 201.55, a price-to-earnings-growth ratio of 6.04 and a beta of 1.05. Charter Communications has a 1 year low of $275.34 and a 1 year high of $408.83.

In other news, CFO Christopher L. Winfrey purchased 3,100 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the purchase, the chief financial officer now directly owns 49,916 shares in the company, valued at approximately $16,153,316.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.56% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CHTR. Parametrica Management Ltd bought a new position in Charter Communications during the 3rd quarter valued at about $226,000. Swiss National Bank lifted its stake in Charter Communications by 11.8% during the 2nd quarter. Swiss National Bank now owns 857,609 shares of the company’s stock valued at $288,886,000 after acquiring an additional 90,400 shares during the period. Parallel Advisors LLC lifted 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 acquiring an additional 93 shares during the period. Allen Investment Management LLC bought a new position in Charter Communications during the 2nd quarter valued at about $127,850,000. Finally, State of Tennessee Treasury Department lifted its stake in Charter Communications by 6.7% during the 2nd quarter. State of Tennessee Treasury Department now owns 132,035 shares of the company’s stock valued at $44,476,000 after acquiring an additional 8,280 shares during the period. Institutional investors own 72.22% of the company’s stock.

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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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