Charter Communications (CHTR) Set to Announce Earnings on Friday

Charter Communications (NASDAQ:CHTRGet Rating) will post its quarterly earnings results before the market opens on Friday, January 27th. Analysts expect Charter Communications to post earnings of $8.03 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Charter Communications (NASDAQ:CHTRGet Rating) last released its earnings results on Friday, October 28th. The company reported $7.38 earnings per share for the quarter, missing the consensus estimate of $7.94 by ($0.56). Charter Communications had a net margin of 10.21% and a return on equity of 36.48%. The firm had revenue of $13.55 billion during the quarter, compared to the consensus estimate of $13.67 billion. During the same period in the prior year, the business posted $6.50 earnings per share. Charter Communications’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, analysts expect Charter Communications to post $31 EPS for the current fiscal year and $33 EPS for the next fiscal year.

Charter Communications Price Performance

NASDAQ:CHTR opened at $392.03 on Wednesday. Charter Communications has a 1-year low of $297.66 and a 1-year high of $621.00. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 7.73. The firm has a fifty day simple moving average of $365.70 and a 200 day simple moving average of $385.55. The stock has a market capitalization of $61.03 billion, a PE ratio of 12.25, a P/E/G ratio of 0.50 and a beta of 1.13.

Analysts Set New Price Targets

CHTR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Charter Communications from $550.00 to $475.00 and set a “hold” rating for the company in a research note on Tuesday, October 18th. Cowen reduced their price objective on shares of Charter Communications from $670.00 to $649.00 in a research report on Wednesday, December 14th. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating in a research report on Thursday, January 5th. UBS Group reduced their price objective on shares of Charter Communications to $406.00 in a research report on Wednesday, December 14th. Finally, Barclays reduced their price objective on shares of Charter Communications to $273.00 in a research report on Friday, September 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $499.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors grew its position in Charter Communications by 3.1% in the third quarter. Captrust Financial Advisors now owns 8,761 shares of the company’s stock valued at $2,658,000 after acquiring an additional 260 shares during the last quarter. Kentucky Retirement Systems grew its position in Charter Communications by 0.9% in the third quarter. Kentucky Retirement Systems now owns 8,677 shares of the company’s stock valued at $2,632,000 after acquiring an additional 81 shares during the last quarter. Balyasny Asset Management LLC bought a new stake in shares of Charter Communications during the third quarter worth about $12,416,000. Federated Hermes Inc. grew its holdings in shares of Charter Communications by 207.4% during the third quarter. Federated Hermes Inc. now owns 2,717 shares of the company’s stock worth $825,000 after purchasing an additional 1,833 shares during the last quarter. Finally, SVB Wealth LLC grew its holdings in shares of Charter Communications by 63.2% during the second quarter. SVB Wealth LLC now owns 1,423 shares of the company’s stock worth $667,000 after purchasing an additional 551 shares during the last quarter. Institutional investors own 66.05% of the company’s stock.

Charter Communications Company Profile

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Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.

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Earnings History for Charter Communications (NASDAQ:CHTR)

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