Charter Communications (NASDAQ:CHTR) Announces Earnings Results, Beats Expectations By $0.96 EPS

Charter Communications (NASDAQ:CHTR) announced its quarterly earnings results on Friday. The company reported $10.10 EPS for the quarter, beating the consensus estimate of $9.14 by $0.96, RTT News reports. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. During the same period in the previous year, the business posted $7.07 earnings per share.

Charter Communications Trading Up 3.9 %

Shares of Charter Communications stock traded up $13.12 on Friday, hitting $349.74. 1,380,967 shares of the company’s stock traded hands, compared to its average volume of 1,227,768. Charter Communications has a one year low of $236.08 and a one year high of $415.27. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The company has a fifty day moving average of $364.14 and a two-hundred day moving average of $352.64. The company has a market capitalization of $49.73 billion, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 0.47 and a beta of 1.10.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a report on Thursday, December 12th. Barclays upped their target price on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted their price objective on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Pivotal Research increased their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company boosted their price target on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Charter Communications presently has an average rating of “Hold” and an average price target of $383.89.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.