Zacks: Brokerages Anticipate Charter Communications, Inc. (NASDAQ:CHTR) Will Announce Earnings of $6.45 Per Share

Wall Street brokerages expect Charter Communications, Inc. (NASDAQ:CHTR) to report $6.45 earnings per share (EPS) for the current quarter, Zacks reports. Thirteen analysts have made estimates for Charter Communications’ earnings. The lowest EPS estimate is $4.79 and the highest is $7.86. Charter Communications reported earnings of $5.50 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 17.3%. The firm is scheduled to announce its next earnings results on Friday, February 4th.

According to Zacks, analysts expect that Charter Communications will report full year earnings of $21.65 per share for the current year, with EPS estimates ranging from $19.07 to $24.18. For the next year, analysts anticipate that the firm will report earnings of $30.55 per share, with EPS estimates ranging from $25.59 to $35.88. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Charter Communications.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Thursday, October 28th. The company reported $6.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.71 by $0.79. Charter Communications had a net margin of 8.40% and a return on equity of 16.19%. The company had revenue of $13.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter in the previous year, the firm earned $3.90 earnings per share. The firm’s quarterly revenue was up 9.2% on a year-over-year basis.

A number of research analysts recently issued reports on CHTR shares. TD Securities decreased their price target on shares of Charter Communications from $870.00 to $860.00 and set a “buy” rating for the company in a research note on Monday, November 1st. Royal Bank of Canada boosted their price objective on shares of Charter Communications from $660.00 to $770.00 and gave the stock a “sector perform” rating in a research report on Monday, August 2nd. Barclays reduced their price objective on shares of Charter Communications from $725.00 to $700.00 and set an “equal weight” rating for the company in a research report on Monday, November 1st. Truist boosted their price objective on shares of Charter Communications from $750.00 to $830.00 and gave the stock a “buy” rating in a research report on Monday, August 2nd. Finally, Exane BNP Paribas started coverage on shares of Charter Communications in a research report on Monday, September 27th. They set an “outperform” rating and a $956.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $803.21.

Charter Communications stock traded down $2.05 during trading on Thursday, reaching $672.69. The stock had a trading volume of 829,265 shares, compared to its average volume of 964,243. Charter Communications has a 52-week low of $585.45 and a 52-week high of $825.62. The business has a 50 day moving average price of $712.51 and a 200 day moving average price of $726.45. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.97. The stock has a market cap of $120.61 billion, a PE ratio of 30.65, a P/E/G ratio of 0.88 and a beta of 0.96.

In other news, CEO Thomas Rutledge sold 43,106 shares of the company’s stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $674.34, for a total transaction of $29,068,100.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Several large investors have recently bought and sold shares of CHTR. Cubist Systematic Strategies LLC boosted its position in shares of Charter Communications by 42.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 13,059 shares of the company’s stock worth $8,058,000 after buying an additional 3,907 shares in the last quarter. Morgan Stanley boosted its position in shares of Charter Communications by 3.9% in the 1st quarter. Morgan Stanley now owns 620,297 shares of the company’s stock worth $382,735,000 after buying an additional 23,518 shares in the last quarter. BSW Wealth Partners purchased a new stake in shares of Charter Communications in the 1st quarter worth about $252,000. Evercore Wealth Management LLC purchased a new stake in shares of Charter Communications in the 1st quarter worth about $6,355,000. Finally, Amundi Asset Management US Inc. boosted its position in shares of Charter Communications by 31.4% in the 1st quarter. Amundi Asset Management US Inc. now owns 221,013 shares of the company’s stock worth $136,368,000 after buying an additional 52,806 shares in the last quarter. 69.90% of the stock is currently owned by institutional investors and hedge funds.

About Charter Communications

Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.

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Earnings History and Estimates for Charter Communications (NASDAQ:CHTR)

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