Oppenheimer Research Analysts Lower Earnings Estimates for Charter Communications, Inc. (CHTR)

Charter Communications, Inc. (NASDAQ:CHTR) – Analysts at Oppenheimer dropped their FY2018 earnings per share (EPS) estimates for shares of Charter Communications in a research note issued to investors on Monday. Oppenheimer analyst T. Horan now expects that the company will post earnings per share of $3.19 for the year, down from their prior forecast of $5.64. Oppenheimer also issued estimates for Charter Communications’ FY2019 earnings at $6.32 EPS.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 2nd. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.01. Charter Communications had a return on equity of 1.11% and a net margin of 23.80%. The firm had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the company earned $1.67 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Charter Communications from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Barclays dropped their target price on Charter Communications from $354.00 to $283.00 and set an “equal weight” rating for the company in a report on Friday, October 27th. Moffett Nathanson upgraded Charter Communications from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Wells Fargo & Co upgraded Charter Communications from a “market perform” rating to an “outperform” rating and upped their target price for the company from $387.50 to $460.00 in a report on Monday. Finally, Buckingham Research initiated coverage on Charter Communications in a report on Wednesday, December 13th. They issued a “buy” rating and a $415.00 target price for the company. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $396.11.

Charter Communications (NASDAQ:CHTR) traded down $2.05 during midday trading on Thursday, reaching $346.60. The company had a trading volume of 992,175 shares, compared to its average volume of 1,698,342. Charter Communications has a 1 year low of $308.30 and a 1 year high of $408.83. The company has a current ratio of 0.23, a quick ratio of 0.40 and a debt-to-equity ratio of 1.43. The firm has a market cap of $83,160.00, a P/E ratio of 10.10, a P/E/G ratio of 2.98 and a beta of 1.15.

In other news, EVP Jonathan Hargis sold 27,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $364.76, for a total transaction of $9,848,520.00. Following the completion of the transaction, the executive vice president now directly owns 34,931 shares in the company, valued at approximately $12,741,431.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in Charter Communications by 315.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,384,725 shares of the company’s stock valued at $503,237,000 after acquiring an additional 1,051,151 shares during the period. Brown Advisory Inc. boosted its holdings in Charter Communications by 623.2% during the 3rd quarter. Brown Advisory Inc. now owns 592,689 shares of the company’s stock valued at $215,394,000 after acquiring an additional 510,735 shares during the period. California Public Employees Retirement System boosted its holdings in Charter Communications by 33.7% during the 4th quarter. California Public Employees Retirement System now owns 619,620 shares of the company’s stock valued at $208,168,000 after acquiring an additional 156,169 shares during the period. Toronto Dominion Bank boosted its holdings in Charter Communications by 155.5% during the 3rd quarter. Toronto Dominion Bank now owns 188,279 shares of the company’s stock valued at $68,416,000 after acquiring an additional 114,586 shares during the period. Finally, Meritage Group LP boosted its holdings in Charter Communications by 3.4% during the 3rd quarter. Meritage Group LP now owns 2,819,596 shares of the company’s stock valued at $1,024,698,000 after acquiring an additional 92,620 shares during the period. Institutional investors and hedge funds own 72.05% of the company’s stock.

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Charter Communications Company Profile

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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

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