Analysts forecast that Charter Communications, Inc. (NASDAQ:CHTR) will announce earnings per share (EPS) of $0.89 for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for Charter Communications’ earnings, with estimates ranging from $0.48 to $1.30. Charter Communications reported earnings of $0.33 per share in the same quarter last year, which indicates a positive year over year growth rate of 169.7%. The business is expected to issue its next quarterly earnings report before the market opens on Friday, February 2nd.

According to Zacks, analysts expect that Charter Communications will report full year earnings of $2.22 per share for the current fiscal year, with EPS estimates ranging from $1.76 to $3.45. For the next financial year, analysts anticipate that the firm will post earnings of $5.72 per share, with EPS estimates ranging from $2.31 to $8.90. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Charter Communications.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.77). Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The firm had revenue of $10.46 billion during the quarter, compared to the consensus estimate of $10.49 billion. During the same period in the previous year, the business earned $0.69 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis.

Several analysts have recently weighed in on the stock. Barclays downgraded shares of Charter Communications from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $267.01 to $283.00 in a research note on Monday, December 4th. Macquarie reaffirmed a “buy” rating and set a $430.00 price target on shares of Charter Communications in a research note on Tuesday, October 3rd. BidaskClub raised shares of Charter Communications from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 27th. Pivotal Research reaffirmed a “buy” rating and set a $420.00 price target (up previously from $405.00) on shares of Charter Communications in a research note on Friday, October 27th. Finally, Moffett Nathanson reaffirmed a “neutral” rating on shares of Charter Communications in a research note on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $382.53.

In other Charter Communications news, CFO Christopher L. Winfrey acquired 3,100 shares of Charter Communications stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average price of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the purchase, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.56% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Charter Communications by 2.4% in the second quarter. Vanguard Group Inc. now owns 13,814,543 shares of the company’s stock worth $4,653,428,000 after purchasing an additional 321,938 shares during the last quarter. Capital World Investors grew its holdings in Charter Communications by 4.1% in the second quarter. Capital World Investors now owns 10,215,326 shares of the company’s stock worth $3,441,033,000 after purchasing an additional 402,167 shares during the last quarter. Meritage Group LP grew its holdings in Charter Communications by 3.4% in the third quarter. Meritage Group LP now owns 2,819,596 shares of the company’s stock worth $1,024,698,000 after purchasing an additional 92,620 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Charter Communications by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,300,679 shares of the company’s stock worth $836,081,000 after purchasing an additional 51,758 shares during the last quarter. Finally, Harris Associates L P grew its holdings in Charter Communications by 19.2% in the second quarter. Harris Associates L P now owns 2,040,836 shares of the company’s stock worth $687,456,000 after purchasing an additional 328,988 shares during the last quarter. 72.15% of the stock is owned by institutional investors.

Charter Communications (CHTR) traded down $1.07 during trading on Friday, hitting $352.93. 1,112,500 shares of the stock traded hands, compared to its average volume of 1,830,000. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.55. Charter Communications has a 1 year low of $292.84 and a 1 year high of $408.83. The company has a market capitalization of $88,010.00, a P/E ratio of 191.81, a PEG ratio of 2.62 and a beta of 1.06.

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Charter Communications Company Profile

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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

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