$1.47 EPS Expected for Charter Communications Inc (CHTR) This Quarter

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Equities research analysts expect Charter Communications Inc (NASDAQ:CHTR) to announce $1.47 earnings per share for the current quarter, Zacks reports. Twelve analysts have issued estimates for Charter Communications’ earnings, with the highest EPS estimate coming in at $2.14 and the lowest estimate coming in at $0.82. Charter Communications posted earnings of $0.86 per share in the same quarter last year, which would suggest a positive year over year growth rate of 70.9%. The firm is scheduled to report its next quarterly earnings results on Friday, February 1st.

According to Zacks, analysts expect that Charter Communications will report full-year earnings of $5.59 per share for the current financial year, with EPS estimates ranging from $5.00 to $6.65. For the next financial year, analysts forecast that the company will report earnings of $6.91 per share, with EPS estimates ranging from $4.24 to $9.23. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Charter Communications.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, October 26th. The company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $1.06. Charter Communications had a net margin of 24.39% and a return on equity of 2.39%. The company had revenue of $10.89 billion during the quarter, compared to the consensus estimate of $10.93 billion. During the same quarter in the prior year, the firm posted $0.19 earnings per share. Charter Communications’s revenue for the quarter was up 4.1% on a year-over-year basis.

CHTR has been the subject of several recent research reports. ValuEngine upgraded shares of Charter Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. BidaskClub upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, October 17th. Cowen increased their target price on shares of Charter Communications from $337.00 to $357.00 and gave the stock an “outperform” rating in a research note on Friday. Barclays set a $259.00 target price on shares of Charter Communications and gave the stock a “sell” rating in a research note on Wednesday, October 10th. Finally, UBS Group decreased their target price on shares of Charter Communications from $390.00 to $370.00 and set a “buy” rating for the company in a research note on Monday, October 29th. One equities research 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 company. The company has an average rating of “Buy” and a consensus target price of $359.94.

Shares of CHTR traded down $11.08 during mid-day trading on Friday, hitting $315.70. 1,135,577 shares of the company’s stock were exchanged, compared to its average volume of 1,090,314. Charter Communications has a fifty-two week low of $250.10 and a fifty-two week high of $396.64. The company has a market capitalization of $74.81 billion, a price-to-earnings ratio of 119.13, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.23 and a current ratio of 0.23.

In related news, insider John Bickham sold 144,672 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $322.71, for a total value of $46,687,101.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.83% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC lifted its position in Charter Communications by 254.6% in the second quarter. Chicago Partners Investment Group LLC now owns 344 shares of the company’s stock valued at $101,000 after purchasing an additional 247 shares during the period. Vigilant Capital Management LLC acquired a new stake in Charter Communications in the third quarter valued at about $106,000. Honkamp Krueger Financial Services Inc. acquired a new stake in Charter Communications in the third quarter valued at about $109,000. Flagship Harbor Advisors LLC acquired a new stake in Charter Communications in the second quarter valued at about $129,000. Finally, Sun Life Financial INC lifted its position in Charter Communications by 89.8% in the second quarter. Sun Life Financial INC now owns 501 shares of the company’s stock valued at $147,000 after purchasing an additional 237 shares during the period. Hedge funds and other institutional investors own 71.97% of the company’s stock.

Charter Communications Company Profile

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

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