Charter Communications (CHTR) Scheduled to Post Quarterly Earnings on Friday

Charter Communications (NASDAQ:CHTR) will be releasing its earnings data before the market opens on Friday, April 26th. Analysts expect Charter Communications to post earnings of $7.78 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The business had revenue of $13.71 billion during the quarter, compared to analyst estimates of $13.70 billion. During the same period last year, the company earned $7.69 EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts expect Charter Communications to post $33 EPS for the current fiscal year and $35 EPS for the next fiscal year.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $259.91 on Friday. Charter Communications has a 12-month low of $254.31 and a 12-month high of $458.30. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51. The firm has a market capitalization of $37.75 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96. The firm has a 50-day moving average price of $284.78 and a 200 day moving average price of $355.31.

Institutional Trading of Charter Communications

A number of institutional investors have recently bought and sold shares of the business. Harbour Investments Inc. boosted its holdings in shares of Charter Communications by 20.4% during the 3rd quarter. Harbour Investments Inc. now owns 165 shares of the company’s stock worth $73,000 after buying an additional 28 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of Charter Communications by 16.7% during the second quarter. Sunbelt Securities Inc. now owns 224 shares of the company’s stock valued at $82,000 after purchasing an additional 32 shares in the last quarter. SRS Capital Advisors Inc. grew its position in Charter Communications by 6.7% in the 2nd quarter. SRS Capital Advisors Inc. now owns 556 shares of the company’s stock worth $204,000 after purchasing an additional 35 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Charter Communications by 4.5% during the 1st quarter. Cetera Investment Advisers now owns 860 shares of the company’s stock worth $469,000 after buying an additional 37 shares in the last quarter. Finally, Diversified Trust Co increased its holdings in Charter Communications by 6.9% during the third quarter. Diversified Trust Co now owns 606 shares of the company’s stock worth $267,000 after buying an additional 39 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Barclays decreased their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 2nd. UBS Group cut their target price on Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. Pivotal Research cut their target price on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Deutsche Bank Aktiengesellschaft cut their price objective on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, Sanford C. Bernstein raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective for the company in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Charter Communications presently has a consensus rating of “Hold” and an average price target of $380.80.

Charter Communications Company Profile

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.