Brokerages expect that Charter Communications Inc (NASDAQ:CHTR) will announce sales of $11.15 billion for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for Charter Communications’ earnings. The lowest sales estimate is $11.05 billion and the highest is $11.24 billion. Charter Communications posted sales of $10.60 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.2%. The business is scheduled to report its next earnings results on Friday, February 1st.
According to Zacks, analysts expect that Charter Communications will report full-year sales of $43.56 billion for the current financial year, with estimates ranging from $43.45 billion to $43.67 billion. For the next financial year, analysts anticipate that the company will post sales of $45.66 billion, with estimates ranging from $44.83 billion to $46.46 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Charter Communications.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, October 26th. The company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $1.06. The firm had revenue of $10.89 billion for the quarter, compared to the consensus estimate of $10.93 billion. Charter Communications had a return on equity of 2.39% and a net margin of 24.39%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share.
A number of research firms have weighed in on CHTR. Zacks Investment Research raised Charter Communications from a “hold” rating to a “buy” rating and set a $360.00 target price on the stock in a report on Monday, October 22nd. SunTrust Banks lowered their target price on Charter Communications from $390.00 to $365.00 and set a “buy” rating on the stock in a report on Monday, October 29th. BidaskClub raised Charter Communications from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. Citigroup lowered their target price on Charter Communications from $375.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. Finally, Raymond James lowered their target price on Charter Communications from $400.00 to $365.00 and set a “strong-buy” rating on the stock in a report on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $360.13.
In other Charter Communications news, insider John Bickham sold 144,672 shares of the company’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $322.71, for a total value of $46,687,101.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.83% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of CHTR. Advisory Services Network LLC grew its position in shares of Charter Communications by 76.3% during the second quarter. Advisory Services Network LLC now owns 543 shares of the company’s stock worth $156,000 after purchasing an additional 235 shares in the last quarter. Dupont Capital Management Corp grew its position in shares of Charter Communications by 58.4% during the second quarter. Dupont Capital Management Corp now owns 2,419 shares of the company’s stock worth $709,000 after purchasing an additional 892 shares in the last quarter. TD Asset Management Inc. grew its position in shares of Charter Communications by 4.0% during the second quarter. TD Asset Management Inc. now owns 99,613 shares of the company’s stock worth $29,208,000 after purchasing an additional 3,798 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Charter Communications by 54.8% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,420 shares of the company’s stock worth $3,935,000 after purchasing an additional 4,750 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Charter Communications by 30.4% during the second quarter. First Trust Advisors LP now owns 57,741 shares of the company’s stock worth $16,930,000 after purchasing an additional 13,461 shares in the last quarter. Institutional investors and hedge funds own 72.02% of the company’s stock.
Shares of NASDAQ:CHTR opened at $329.20 on Monday. The firm has a market cap of $75.36 billion, a PE ratio of 124.23, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.23 and a current ratio of 0.23. Charter Communications has a 1 year low of $250.10 and a 1 year high of $396.64.
About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.
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