Charter Communications (NASDAQ:CHTR) Issues Earnings Results

Charter Communications (NASDAQ:CHTR) announced its quarterly earnings data on Friday. The company reported $7.55 earnings per share for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23), RTT News reports. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The firm had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. During the same quarter in the previous year, the business posted $6.65 earnings per share. Charter Communications’s revenue for the quarter was up .2% compared to the same quarter last year.

Charter Communications Price Performance

Shares of NASDAQ CHTR traded down $4.49 on Friday, hitting $254.61. The company’s stock had a trading volume of 2,600,137 shares, compared to its average volume of 1,187,039. Charter Communications has a 12-month low of $236.08 and a 12-month high of $458.30. The company has a market capitalization of $36.98 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 0.44 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a 50 day moving average of $281.16 and a 200-day moving average of $347.46.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CHTR. Wells Fargo & Company reduced their price objective on shares of Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a report on Friday, April 5th. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective on the stock in a report on Monday, March 18th. Pivotal Research cut their price target on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. JPMorgan Chase & Co. cut their price target on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. Finally, Bank of America cut their price target on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $380.80.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.