Charter Communications (NASDAQ:CHTR) Issues Earnings Results

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

Charter Communications Stock Down 22.2%

Charter Communications stock traded down $53.78 during mid-day trading on Friday, reaching $188.00. The stock had a trading volume of 6,666,783 shares, compared to its average volume of 1,992,112. Charter Communications has a one year low of $180.38 and a one year high of $437.06. The company has a 50-day moving average price of $225.82 and a two-hundred day moving average price of $220.14. The company has a market capitalization of $23.81 billion, a price-to-earnings ratio of 5.17, a PEG ratio of 0.40 and a beta of 1.03. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.39 and a quick ratio of 0.39.

Charter Communications News Summary

Here are the key news stories impacting Charter Communications this week:

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Advisory Services Network LLC lifted its stake in shares of 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 increased its position in shares of Charter Communications by 1.7% during the second 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 raised its holdings in Charter Communications by 1.4% in 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 last quarter. Integrated Wealth Concepts LLC raised its holdings in Charter Communications by 3.6% in 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 last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after acquiring an additional 55 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CHTR shares. Benchmark reduced their target price on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a research report on Thursday. BNP Paribas Exane dropped their price objective on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a report on Friday, March 27th. UBS Group set a $425.00 target price on shares of Charter Communications in a report on Thursday, January 29th. Finally, The Goldman Sachs Group dropped their price target on Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a research report on Monday, February 2nd. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, Charter Communications presently has a consensus rating of “Hold” and an average target price of $334.00.

Check Out Our Latest Analysis on CHTR

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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