Charter Communications (NASDAQ:CHTR) Posts Earnings Results, Beats Expectations By $0.27 EPS

Charter Communications (NASDAQ:CHTR) released its quarterly earnings results on Friday. The company reported $8.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27, Briefing.com reports. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same period in the previous year, the firm earned $8.25 EPS. The business’s revenue was up 1.6% on a year-over-year basis.

Charter Communications Stock Up 11.9 %

Shares of NASDAQ:CHTR opened at $366.49 on Friday. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a fifty day moving average price of $333.06 and a 200 day moving average price of $311.99. Charter Communications has a 1-year low of $236.08 and a 1-year high of $424.86. The stock has a market cap of $52.31 billion, a P/E ratio of 11.69, a P/E/G ratio of 0.60 and a beta of 1.05.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CHTR shares. Wells Fargo & Company upped their target price on shares of Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Rosenblatt Securities upped their target price on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Pivotal Research upped their target price on shares of Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective on the stock. in a research report on Monday, September 30th. Finally, Raymond James downgraded shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications has an average rating of “Hold” and an average target price of $356.41.

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.