Brokerages Anticipate Charter Communications Inc (CHTR) Will Announce Earnings of $1.89 Per Share

Brokerages expect Charter Communications Inc (NASDAQ:CHTR) to post earnings per share of $1.89 for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have issued estimates for Charter Communications’ earnings, with the highest EPS estimate coming in at $2.51 and the lowest estimate coming in at $1.52. Charter Communications posted earnings per share of $1.15 during the same quarter last year, which would suggest a positive year-over-year growth rate of 64.3%. The business is scheduled to report its next earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Charter Communications will report full-year earnings of $7.40 per share for the current financial year, with EPS estimates ranging from $6.17 to $9.08. For the next year, analysts anticipate that the company will report earnings of $12.68 per share, with EPS estimates ranging from $9.04 to $15.10. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Charter Communications.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.23). Charter Communications had a net margin of 2.98% and a return on equity of 2.94%. The business had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same quarter in the previous year, the business posted $0.70 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis.



Several equities analysts have recently issued reports on the company. Citigroup lifted their price target on Charter Communications from $390.00 to $427.00 and gave the company a “buy” rating in a research note on Monday, May 6th. BidaskClub upgraded Charter Communications from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 9th. UBS Group lifted their price target on Charter Communications from $383.00 to $421.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Macquarie lowered Charter Communications from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 9th. They noted that the move was a valuation call. Finally, Royal Bank of Canada lowered Charter Communications from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $400.00 to $375.00 in a research report on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $365.88.

Shares of CHTR opened at $368.89 on Friday. Charter Communications has a 52-week low of $259.48 and a 52-week high of $378.36. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $85.16 billion, a PE ratio of 70.67, a price-to-earnings-growth ratio of 1.17 and a beta of 1.40.

In other Charter Communications news, EVP Richard R. Dykhouse sold 2,019 shares of Charter Communications stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $348.83, for a total transaction of $704,287.77. Following the transaction, the executive vice president now directly owns 9,880 shares of the company’s stock, valued at approximately $3,446,440.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John D. Markley, Jr. sold 1,000 shares of Charter Communications stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $350.09, for a total value of $350,090.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,344 shares of company stock worth $1,551,491 over the last ninety days. Company insiders own 0.84% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in CHTR. Standard Life Aberdeen plc lifted its stake in shares of Charter Communications by 9.8% in the 3rd quarter. Standard Life Aberdeen plc now owns 59,743 shares of the company’s stock valued at $19,470,000 after purchasing an additional 5,310 shares during the period. Morgan Stanley lifted its stake in shares of Charter Communications by 1.1% in the 3rd quarter. Morgan Stanley now owns 955,767 shares of the company’s stock valued at $311,467,000 after purchasing an additional 9,976 shares during the period. Cozad Asset Management Inc. lifted its stake in shares of Charter Communications by 2.4% in the 4th quarter. Cozad Asset Management Inc. now owns 5,648 shares of the company’s stock valued at $1,610,000 after purchasing an additional 135 shares during the period. CX Institutional acquired a new position in shares of Charter Communications in the 4th quarter valued at about $44,000. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Charter Communications in the 4th quarter valued at about $1,026,000. 74.61% of the stock is currently owned by hedge funds and other institutional investors.

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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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