Charter Communications Inc (CHTR) Expected to Post Earnings of $1.05 Per Share

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Wall Street analysts forecast that Charter Communications Inc (NASDAQ:CHTR) will post $1.05 earnings per share for the current quarter, Zacks Investment Research reports. Thirteen analysts have made estimates for Charter Communications’ earnings, with the highest EPS estimate coming in at $1.40 and the lowest estimate coming in at $0.63. Charter Communications reported earnings of $0.19 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 452.6%. The business is expected to announce its next earnings results on Thursday, October 25th.

On average, analysts expect that Charter Communications will report full-year earnings of $4.43 per share for the current financial year, with EPS estimates ranging from $3.22 to $5.80. For the next financial year, analysts anticipate that the firm will report earnings of $7.02 per share, with EPS estimates ranging from $4.13 to $9.24. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Charter Communications.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.20. Charter Communications had a return on equity of 1.45% and a net margin of 23.59%. The business had revenue of $10.85 billion during the quarter, compared to analyst estimates of $10.83 billion. During the same period in the prior year, the company posted $0.52 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year.

A number of brokerages recently issued reports on CHTR. BidaskClub raised Charter Communications from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. Macquarie reissued a “buy” rating and issued a $355.00 price objective on shares of Charter Communications in a report on Wednesday. ValuEngine raised Charter Communications from a “sell” rating to a “hold” rating in a report on Wednesday. Pivotal Research increased their price objective on Charter Communications from $375.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Finally, Credit Suisse Group began coverage on Charter Communications in a report on Tuesday, July 10th. They issued a “neutral” rating and a $294.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $368.93.

In other Charter Communications news, EVP Richard R. Dykhouse sold 2,101 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $296.52, for a total value of $622,988.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.83% of the company’s stock.

Large investors have recently made changes to their positions in the company. Gluskin Sheff & Assoc Inc. lifted its position in shares of Charter Communications by 7.0% during the 1st quarter. Gluskin Sheff & Assoc Inc. now owns 122,073 shares of the company’s stock valued at $37,992,000 after acquiring an additional 8,024 shares during the last quarter. Roundview Capital LLC lifted its position in shares of Charter Communications by 44.9% during the 1st quarter. Roundview Capital LLC now owns 3,838 shares of the company’s stock valued at $1,194,000 after acquiring an additional 1,190 shares during the last quarter. Calamos Advisors LLC lifted its position in shares of Charter Communications by 13.4% during the 2nd quarter. Calamos Advisors LLC now owns 18,046 shares of the company’s stock valued at $5,291,000 after acquiring an additional 2,133 shares during the last quarter. TD Asset Management Inc. lifted its position in shares of Charter Communications by 4.0% during the 2nd quarter. TD Asset Management Inc. now owns 99,613 shares of the company’s stock valued at $29,208,000 after acquiring an additional 3,798 shares during the last quarter. Finally, Arnhold LLC acquired a new stake in shares of Charter Communications during the 1st quarter valued at $746,000. Institutional investors own 71.12% of the company’s stock.

Shares of CHTR stock opened at $319.21 on Tuesday. Charter Communications has a 12-month low of $250.10 and a 12-month high of $396.64. The company has a market capitalization of $72.46 billion, a P/E ratio of 120.46, a price-to-earnings-growth ratio of 1.86 and a beta of 1.24. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.20 and a quick ratio of 0.20.

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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