Charter Communications (CHTR) Scheduled to Post Earnings on Friday

Charter Communications (NASDAQ:CHTR) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $7.78 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 2nd. The company reported $7.07 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 for the quarter, compared to analysts’ expectations of $13.70 billion. During the same period in the previous year, the firm posted $7.69 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts expect Charter Communications to post $32 EPS for the current fiscal year and $35 EPS for the next fiscal year.

Charter Communications Stock Up 0.5 %

Shares of NASDAQ CHTR opened at $266.31 on Wednesday. The business has a 50-day moving average of $283.08 and a 200-day moving average of $350.67. The firm has a market capitalization of $38.68 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 0.46 and a beta of 0.96. Charter Communications has a 12 month low of $254.31 and a 12 month high of $458.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of recent research reports. Wells Fargo & Company dropped their target price on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a research report on Friday, April 5th. Bank of America decreased their target price on Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Rosenblatt Securities reduced their price target on Charter Communications from $334.00 to $297.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Sanford C. Bernstein raised Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target on the stock in a research note on Monday, March 18th. Finally, Pivotal Research reduced their price target on Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $380.80.

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.