Charter Communications (NASDAQ:CHTR) Issues Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Charter Communications (NASDAQ:CHTR) announced its quarterly earnings data on Friday. The company reported $8.82 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 firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter last year, the firm earned $8.25 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year.

Charter Communications Stock Up 11.9 %

NASDAQ CHTR traded up $38.88 during trading hours on Friday, hitting $366.49. The company had a trading volume of 4,442,323 shares, compared to its average volume of 1,377,754. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $424.86. The firm’s 50 day moving average is $333.06 and its 200 day moving average is $311.61. 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 company has a market capitalization of $52.31 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 0.60 and a beta of 1.05.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wolfe Research lowered Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective on the stock. in a report on Monday, September 30th. Barclays upped their price target on shares of Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, July 29th. Bank of America raised their price objective on shares of Charter Communications from $360.00 to $385.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. upped their target price on shares of Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. 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 research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $356.41.

About Charter Communications

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.