Charter Communications (NASDAQ:CHTR) Announces Quarterly Earnings Results

Charter Communications (NASDAQ:CHTR) posted its earnings results on Friday. The company reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $1.10, MarketWatch Earnings reports. Charter Communications had a net margin of 3.91% and a return on equity of 4.66%. The firm had revenue of $11.70 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the firm posted $1.39 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis.

Shares of CHTR opened at $580.00 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.04. The firm has a market cap of $135.84 billion, a PE ratio of 70.13, a P/E/G ratio of 1.32 and a beta of 1.03. Charter Communications has a 12 month low of $345.67 and a 12 month high of $594.31. The stock has a fifty day moving average price of $535.61 and a 200-day moving average price of $505.74.

Several research firms have recently issued reports on CHTR. Morgan Stanley raised their price objective on Charter Communications from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a research report on Friday, July 17th. KeyCorp lifted their price objective on shares of Charter Communications from $576.00 to $604.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Oppenheimer reaffirmed a “hold” rating on shares of Charter Communications in a research note on Friday. Finally, Benchmark increased their price objective on shares of Charter Communications from $523.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Six analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $567.68.

In related news, COO John Bickham sold 9,583 shares of Charter Communications stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $511.57, for a total value of $4,902,375.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Ellen sold 15,970 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $511.38, for a total transaction of $8,166,738.60. Following the sale, the insider now directly owns 64,979 shares in the company, valued at approximately $33,228,961.02. The disclosure for this sale can be found here. Insiders sold a total of 55,779 shares of company stock valued at $28,911,716 in the last three months. Insiders own 1.18% of the company’s stock.

Charter Communications Company Profile

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 for Charter Communications (NASDAQ:CHTR)

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