Charter Communications Inc (CHTR) Expected to Post Quarterly Sales of $11.15 Billion

Equities analysts expect Charter Communications Inc (NASDAQ:CHTR) to post sales of $11.15 billion for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have issued 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 suggests a positive year over year growth rate of 5.2%. The firm is expected 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 year, with estimates ranging from $43.45 billion to $43.67 billion. For the next fiscal year, analysts forecast that the firm will post sales of $45.66 billion, with estimates ranging from $44.83 billion to $46.46 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Charter Communications.

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



A number of research analysts recently weighed in on CHTR shares. Zacks Investment Research raised Charter Communications from a “hold” rating to a “buy” rating and set a $360.00 price objective on the stock in a research note on Monday, October 22nd. BidaskClub raised Charter Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, October 17th. Buckingham Research cut their price objective on Charter Communications from $418.00 to $383.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. UBS Group cut their price objective on Charter Communications from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Finally, SunTrust Banks cut their price objective on Charter Communications from $390.00 to $365.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Charter Communications presently has an average rating of “Buy” and an average price target of $360.13.

Shares of CHTR stock traded up $4.94 during trading on Monday, reaching $326.78. The company had a trading volume of 1,269,312 shares, compared to its average volume of 1,560,869. 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 one year low of $250.10 and a one year high of $396.64. The company has a market capitalization of $73.67 billion, a price-to-earnings ratio of 123.31, a PEG ratio of 1.52 and a beta of 1.16.

In other Charter Communications news, insider John Bickham sold 144,672 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $322.71, for a total value of $46,687,101.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.83% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHTR. Capital International Investors grew its holdings in Charter Communications by 752.5% in the 3rd quarter. Capital International Investors now owns 3,674,059 shares of the company’s stock valued at $1,197,302,000 after buying an additional 3,243,090 shares during the last quarter. Senator Investment Group LP acquired a new stake in Charter Communications in the 3rd quarter valued at approximately $236,263,000. Rehmann Capital Advisory Group grew its holdings in Charter Communications by 34,636.6% in the 3rd quarter. Rehmann Capital Advisory Group now owns 347,713 shares of the company’s stock valued at $1,067,000 after buying an additional 346,712 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in Charter Communications in the 2nd quarter valued at approximately $321,000. Finally, Putnam Investments LLC grew its holdings in Charter Communications by 23.7% in the 2nd quarter. Putnam Investments LLC now owns 1,241,872 shares of the company’s stock valued at $364,129,000 after buying an additional 237,673 shares during the last quarter. 71.97% of the stock is currently owned by hedge funds and other institutional investors.

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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