Charter Communications (CHTR) to Release Quarterly Earnings on Friday Posted by Logan Wallace
Charter Communications (NASDAQ:CHTR) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, July 26th. Analysts expect the company to announce earnings of $1.83 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link .
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.23). The business had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.20 billion. Charter Communications had a net margin of 2.98% and a return on equity of 2.94%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.70 EPS. On average, analysts expect Charter Communications to post $7 EPS for the current fiscal year and $12 EPS for the next fiscal year. Get Charter Communications alerts:
Shares of Charter Communications stock opened at $409.67 on Thursday. The firm has a fifty day simple moving average of $399.78. The company has a market cap of $91.12 billion, a P/E ratio of 78.48, a PEG ratio of 1.33 and a beta of 1.24. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 1.62. Charter Communications has a 52 week low of $271.56 and a 52 week high of $417.13. In related news, Director Lance Conn sold 927 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $400.00, for a total transaction of $370,800.00. Following the sale, the director now owns 9,552 shares of the company’s stock, valued at $3,820,800. The sale was disclosed in a filing with the SEC, which is available through the SEC website . Also, Director Craig A. Jacobson sold 1,325 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $375.18, for a total value of $497,113.50. Following the sale, the director now directly owns 12,773 shares in the company, valued at approximately $4,792,174.14. The disclosure for this sale can be found here . 0.84% of the stock is owned by company insiders.
CHTR has been the topic of a number of recent research reports. Royal Bank of Canada increased their price target on PVH to $145.00 and gave the stock an “outperform” rating in a research report on Friday, March 29th. UBS Group downgraded Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Macquarie initiated coverage on Charter Communications in a research report on Wednesday, June 19th. They set a “hold” rating and a $390.00 price target on the stock. Pivotal Research increased their price target on Charter Communications from $425.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, ValuEngine downgraded Xylem from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $396.94.
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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
