Charter Communications (NASDAQ:CHTR) Announces Quarterly Earnings Results, Misses Estimates By $0.84 EPS

Charter Communications (NASDAQ:CHTRGet Free Report) announced its quarterly earnings results on Friday. The company reported $9.17 EPS for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84), FiscalAI reports. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The company had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.56 billion. During the same period last year, the firm earned $8.42 earnings per share. Charter Communications’s revenue for the quarter was down 1.0% on a year-over-year basis.

Charter Communications Trading Down 22.2%

NASDAQ CHTR traded down $53.78 during trading on Friday, hitting $188.00. The company had a trading volume of 6,666,783 shares, compared to its average volume of 1,992,112. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65. Charter Communications has a one year low of $180.38 and a one year high of $437.06. The company has a market cap of $23.81 billion, a price-to-earnings ratio of 5.17, a price-to-earnings-growth ratio of 0.40 and a beta of 1.03. The company’s fifty day moving average is $225.82 and its 200-day moving average is $220.14.

Institutional Investors Weigh In On Charter Communications

A number of large investors have recently modified their holdings of the stock. Advisory Services Network LLC raised its stake in Charter Communications by 3.8% in the second quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock worth $420,000 after buying an additional 38 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in Charter Communications by 1.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after acquiring an additional 41 shares in the last quarter. Occudo Quantitative Strategies LP grew its holdings in shares of Charter Communications by 1.4% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock worth $1,255,000 after acquiring an additional 41 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of Charter Communications by 3.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock worth $392,000 after acquiring an additional 49 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after acquiring an additional 55 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Charter Communications from $275.00 to $235.00 and set a “hold” rating on the stock in a report on Tuesday, February 3rd. Williams Trading set a $437.00 price target on shares of Charter Communications in a research report on Monday, February 2nd. Sanford C. Bernstein set a $220.00 price objective on shares of Charter Communications in a research report on Wednesday, January 28th. Royal Bank Of Canada lowered their price objective on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a report on Friday, March 27th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $334.00.

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Key Headlines Impacting Charter Communications

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About Charter Communications

(Get Free Report)

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.

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Earnings History for Charter Communications (NASDAQ:CHTR)

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