Charter Communications, Inc. (CHTR) Expected to Announce Quarterly Sales of $10.59 Billion

Brokerages predict that Charter Communications, Inc. (NASDAQ:CHTR) will announce $10.59 billion in sales for the current fiscal quarter, Zacks reports. Twelve analysts have made estimates for Charter Communications’ earnings, with the lowest sales estimate coming in at $10.52 billion and the highest estimate coming in at $10.74 billion. Charter Communications posted sales of $10.28 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The company is scheduled to report its next quarterly earnings results on Thursday, February 15th.

On average, analysts expect that Charter Communications will report full-year sales of $10.59 billion for the current fiscal year, with estimates ranging from $41.50 billion to $41.72 billion. For the next financial year, analysts forecast that the company will post sales of $43.60 billion per share, with estimates ranging from $43.26 billion to $44.03 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Charter Communications.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The business had revenue of $10.46 billion during the quarter, compared to analysts’ expectations of $10.49 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis.

CHTR has been the topic of a number of research analyst reports. Barclays lowered their price target on Charter Communications from $354.00 to $283.00 and set an “equal weight” rating on the stock in a report on Friday, October 27th. Zacks Investment Research cut Charter Communications from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 26th. Macquarie reaffirmed a “buy” rating on shares of Charter Communications in a report on Sunday, October 29th. Buckingham Research started coverage on Charter Communications in a report on Wednesday, December 13th. They set a “buy” rating and a $415.00 price objective on the stock. Finally, Pivotal Research reaffirmed a “buy” rating and set a $420.00 price objective (up from $405.00) on shares of Charter Communications in a report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. Charter Communications has a consensus rating of “Hold” and a consensus target price of $382.53.

In related news, CFO Christopher L. Winfrey purchased 3,100 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the acquisition, the chief financial officer now owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.56% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. MML Investors Services LLC raised its holdings in Charter Communications by 1.3% during the 2nd quarter. MML Investors Services LLC now owns 842 shares of the company’s stock valued at $284,000 after buying an additional 11 shares during the period. Quadrant Capital Group LLC raised its holdings in Charter Communications by 5.9% during the 2nd quarter. Quadrant Capital Group LLC now owns 681 shares of the company’s stock valued at $194,000 after buying an additional 38 shares during the period. Colony Group LLC raised its holdings in Charter Communications by 6.8% during the 2nd quarter. Colony Group LLC now owns 813 shares of the company’s stock valued at $274,000 after buying an additional 52 shares during the period. Nordea Investment Management AB raised its holdings in Charter Communications by 0.5% during the 2nd quarter. Nordea Investment Management AB now owns 10,744 shares of the company’s stock valued at $3,619,000 after buying an additional 55 shares during the period. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in Charter Communications by 11.9% during the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 755 shares of the company’s stock valued at $254,000 after buying an additional 80 shares during the period. Institutional investors own 72.16% of the company’s stock.

Charter Communications (CHTR) opened at $354.00 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.55. Charter Communications has a twelve month low of $292.84 and a twelve month high of $408.83. The company has a market capitalization of $88,007.94, a P/E ratio of 120.00, a P/E/G ratio of 2.62 and a beta of 1.05.

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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.

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

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