Analysts expect Charter Communications Inc (NASDAQ:CHTR) to post sales of $11.15 billion for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have provided estimates for Charter Communications’ earnings, with estimates ranging from $11.05 billion to $11.24 billion. Charter Communications reported sales of $10.60 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 5.2%. The company is scheduled to report its next quarterly earnings report on Friday, February 1st.

According to Zacks, analysts expect that Charter Communications will report full-year sales of $43.56 billion for the current year, with estimates ranging from $43.45 billion to $43.67 billion. For the next year, analysts expect that the business will post sales of $45.66 billion, with estimates ranging from $44.83 billion to $46.46 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Charter Communications.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, October 26th. The company reported $2.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $1.06. Charter Communications had a return on equity of 2.39% and a net margin of 24.39%. The firm had revenue of $10.89 billion during the quarter, compared to analyst estimates of $10.93 billion. During the same quarter in the previous year, the business earned $0.19 EPS. Charter Communications’s revenue for the quarter was up 4.1% compared to the same quarter last year.

CHTR has been the topic of several research analyst reports. UBS Group lowered their price objective on Charter Communications from $390.00 to $370.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Raymond James lowered their price objective on Charter Communications from $400.00 to $365.00 and set a “strong-buy” rating on the stock in a report on Wednesday, October 31st. Zacks Investment Research cut Charter Communications from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. SunTrust Banks lowered their price objective on Charter Communications from $390.00 to $365.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Finally, BidaskClub upgraded Charter Communications from a “buy” rating to a “strong-buy” rating in a report on Friday, November 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $359.94.

Shares of Charter Communications stock traded down $11.08 on Monday, hitting $315.70. The company’s stock had a trading volume of 1,135,577 shares, compared to its average volume of 1,090,314. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.53. Charter Communications has a 1 year low of $250.10 and a 1 year high of $396.64. The firm has a market cap of $74.81 billion, a PE ratio of 119.13, a P/E/G ratio of 1.54 and a beta of 1.16.

In other news, insider John Bickham sold 144,672 shares of the business’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $322.71, for a total transaction of $46,687,101.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.83% of the company’s stock.

Several institutional investors have recently modified their holdings of CHTR. Chicago Partners Investment Group LLC boosted its holdings in shares of Charter Communications by 254.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 344 shares of the company’s stock worth $101,000 after purchasing an additional 247 shares during the last quarter. Vigilant Capital Management LLC acquired a new position in shares of Charter Communications during the 3rd quarter worth approximately $106,000. Honkamp Krueger Financial Services Inc. acquired a new position in shares of Charter Communications during the 3rd quarter worth approximately $109,000. Flagship Harbor Advisors LLC acquired a new position in shares of Charter Communications during the 2nd quarter worth approximately $129,000. Finally, Sun Life Financial INC boosted its holdings in shares of Charter Communications by 89.8% during the 2nd quarter. Sun Life Financial INC now owns 501 shares of the company’s stock worth $147,000 after purchasing an additional 237 shares during the last quarter. Institutional investors and hedge funds own 71.97% of the company’s stock.

About Charter Communications

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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