Analysts forecast that Charter Communications Inc (NASDAQ:CHTR) will post earnings of $1.84 per share for the current quarter, according to Zacks. Fourteen analysts have made estimates for Charter Communications’ earnings, with estimates ranging from $1.42 to $2.35. Charter Communications posted earnings per share of $1.15 during the same quarter last year, which would indicate a positive year over year growth rate of 60%. The company is expected to report its next quarterly earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Charter Communications will report full year earnings of $7.20 per share for the current fiscal year, with EPS estimates ranging from $5.55 to $9.31. For the next fiscal year, analysts expect that the firm will post earnings of $12.59 per share, with EPS estimates ranging from $7.82 to $15.75. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Charter Communications.

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

Several equities research analysts recently weighed in on CHTR shares. Zacks Investment Research cut Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Citigroup increased their target price on Charter Communications from $390.00 to $427.00 and gave the company a “buy” rating in a report on Monday, May 6th. BidaskClub cut Charter Communications from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. ValuEngine upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. Finally, Royal Bank of Canada cut Charter Communications from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $400.00 to $375.00 in a report on Friday, March 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $365.88.

In other Charter Communications news, Director Craig A. Jacobson sold 1,325 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $375.18, for a total value of $497,113.50. Following the completion of the sale, the director now owns 12,773 shares in the company, valued at approximately $4,792,174.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.84% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. We Are One Seven LLC bought a new position in shares of Charter Communications in the 4th quarter worth approximately $26,000. Oppenheimer Asset Management Inc. bought a new position in Charter Communications during the 4th quarter valued at approximately $75,000. Trust Co. of Vermont increased its position in Charter Communications by 43.3% during the 4th quarter. Trust Co. of Vermont now owns 278 shares of the company’s stock valued at $79,000 after buying an additional 84 shares in the last quarter. Fosun International Ltd bought a new position in Charter Communications during the 4th quarter valued at approximately $228,000. Finally, Advisors Asset Management Inc. increased its position in Charter Communications by 12.8% during the 4th quarter. Advisors Asset Management Inc. now owns 50,840 shares of the company’s stock valued at $14,488,000 after buying an additional 5,754 shares in the last quarter. Institutional investors and hedge funds own 71.91% of the company’s stock.

Shares of CHTR stock opened at $376.80 on Monday. The stock has a market cap of $84.18 billion, a P/E ratio of 72.18, a P/E/G ratio of 1.21 and a beta of 1.29. Charter Communications has a 1-year low of $259.48 and a 1-year high of $387.41. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.31 and a quick ratio of 0.31.

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, and spectrum mobile and spectrum guide services, 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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