Charter Communications (CHTR) Expected to Announce Earnings on Friday

Charter Communications (NASDAQ:CHTR) is expected to be posting its quarterly earnings results before the market opens on Friday, February 7th. Analysts expect Charter Communications to post earnings of $9.14 per share and revenue of $13.89 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.55 by $0.27. The company had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $8.25 earnings per share. On average, analysts expect Charter Communications to post $35 EPS for the current fiscal year and $37 EPS for the next fiscal year.

Charter Communications Trading Down 6.3 %

Shares of Charter Communications stock opened at $336.62 on Friday. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $47.87 billion, a PE ratio of 10.54, a P/E/G ratio of 0.46 and a beta of 1.10. Charter Communications has a 1-year low of $236.08 and a 1-year high of $415.27. The company’s fifty day simple moving average is $365.08 and its 200-day simple moving average is $352.75.

Wall Street Analysts Forecast Growth

CHTR has been the subject of a number of analyst reports. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research note on Thursday, December 12th. Pivotal Research lifted their price target on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Morgan Stanley lifted their price target on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Wells Fargo & Company boosted their target price on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $383.89.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.