Equities analysts forecast that Charter Communications (NASDAQ:CHTR) will report earnings per share (EPS) of $0.89 for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for Charter Communications’ earnings. The lowest EPS estimate is $0.07 and the highest is $0.83. Charter Communications reported earnings per share of $0.57 during the same quarter last year, which would suggest a positive year-over-year growth rate of 56.1%. The company is expected to report its next quarterly earnings report on Friday, April 27th.

On average, analysts expect that Charter Communications will report full-year earnings of $3.86 per share for the current year, with EPS estimates ranging from $1.43 to $6.34. For the next year, analysts anticipate that the business will report earnings of $7.02 per share, with EPS estimates ranging from $3.37 to $11.92. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Charter Communications.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, April 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.19. Charter Communications had a return on equity of 1.11% and a net margin of 23.80%. The business had revenue of $10.66 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. Charter Communications’s revenue was up 4.9% on a year-over-year basis.

Several research firms recently issued reports on CHTR. Barclays upped their target price on Charter Communications from $283.00 to $300.00 and gave the stock an “underweight” rating in a report on Monday, February 5th. Pivotal Research dropped their price objective on Charter Communications from $500.00 to $375.00 and set a “buy” rating on the stock in a research note on Friday. ValuEngine lowered Charter Communications from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research lowered Charter Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Finally, TheStreet upgraded Charter Communications from a “c” rating to a “b+” rating in a research note on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $398.56.

CHTR opened at $263.33 on Wednesday. Charter Communications has a 52-week low of $250.10 and a 52-week high of $408.83. The stock has a market cap of $71,110.56, a P/E ratio of 139.32, a P/E/G ratio of 3.67 and a beta of 1.17. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.23 and a current ratio of 0.23.

In other news, EVP Jonathan Hargis sold 27,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $364.76, for a total transaction of $9,848,520.00. Following the transaction, the executive vice president now owns 34,931 shares in the company, valued at $12,741,431.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.83% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Price Capital Management Inc. bought a new position in shares of Charter Communications during the fourth quarter worth approximately $101,000. Kings Point Capital Management increased its stake in shares of Charter Communications by 68.4% during the fourth quarter. Kings Point Capital Management now owns 347 shares of the company’s stock worth $117,000 after purchasing an additional 141 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Charter Communications by 109.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock worth $137,000 after purchasing an additional 214 shares during the period. Icon Wealth Partners LLC bought a new position in shares of Charter Communications during the fourth quarter worth approximately $151,000. Finally, Valeo Financial Advisors LLC increased its stake in shares of Charter Communications by 16,866.7% during the fourth quarter. Valeo Financial Advisors LLC now owns 509 shares of the company’s stock worth $171,000 after purchasing an additional 506 shares during the period. Institutional investors own 72.21% of the company’s stock.

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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