Equities analysts expect Charter Communications Inc (NASDAQ:CHTR) to report earnings per share of $1.88 for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have provided estimates for Charter Communications’ earnings, with estimates ranging from $1.42 to $2.51. Charter Communications posted earnings per share of $1.15 during the same quarter last year, which would indicate a positive year-over-year growth rate of 63.5%. The company is scheduled to report its next quarterly earnings results on Tuesday, July 30th.

On average, analysts expect that Charter Communications will report full-year earnings of $7.40 per share for the current fiscal year, with EPS estimates ranging from $5.55 to $9.08. For the next fiscal year, analysts anticipate that the firm will post earnings of $12.74 per share, with EPS estimates ranging from $8.21 to $15.10. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Charter Communications.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.23). Charter Communications had a return on equity of 2.94% and a net margin of 2.98%. The company had revenue of $11.21 billion for the quarter, compared to the consensus estimate of $11.20 billion. During the same period in the prior year, the company earned $0.70 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year.

CHTR has been the subject of a number of research analyst reports. BidaskClub cut shares of Charter Communications from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Zacks Investment Research cut shares of Charter Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. UBS Group lifted their price objective on shares of Charter Communications from $383.00 to $421.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. ValuEngine raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Macquarie cut shares of Charter Communications from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $365.88.

In other news, Director Craig A. Jacobson sold 1,325 shares of Charter Communications stock in a transaction on Monday, May 6th. The stock was sold at an average price of $375.18, for a total transaction of $497,113.50. Following the completion of the sale, the director now owns 12,773 shares of the company’s stock, valued at $4,792,174.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard R. Dykhouse sold 2,019 shares of Charter Communications stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $348.83, for a total value of $704,287.77. Following the sale, the executive vice president now directly owns 9,880 shares of the company’s stock, valued at approximately $3,446,440.40. The disclosure for this sale can be found here. Insiders have sold 4,344 shares of company stock valued at $1,551,491 in the last three months. Insiders own 0.84% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Longview Partners Guernsey LTD purchased a new position in shares of Charter Communications during the 4th quarter valued at about $846,691,000. Norges Bank acquired a new stake in Charter Communications in the 4th quarter worth about $360,022,000. Egerton Capital UK LLP boosted its holdings in Charter Communications by 21.4% in the 1st quarter. Egerton Capital UK LLP now owns 2,846,860 shares of the company’s stock worth $987,604,000 after buying an additional 502,358 shares during the last quarter. FIL Ltd boosted its holdings in Charter Communications by 416.0% in the 1st quarter. FIL Ltd now owns 598,353 shares of the company’s stock worth $207,575,000 after buying an additional 482,397 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Charter Communications in the 1st quarter worth about $156,491,000. 74.48% of the stock is owned by institutional investors.

NASDAQ:CHTR traded up $5.01 during mid-day trading on Friday, reaching $382.20. 45,400 shares of the company were exchanged, compared to its average volume of 1,235,345. Charter Communications has a 12 month low of $259.48 and a 12 month high of $378.36. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 1.62. The firm has a market cap of $82.41 billion, a P/E ratio of 73.21, a P/E/G ratio of 1.16 and a beta of 1.40.

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.

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Earnings History and Estimates for Charter Communications (NASDAQ:CHTR)

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