$11.15 Billion in Sales Expected for Charter Communications Inc (CHTR) This Quarter

Wall Street analysts expect Charter Communications Inc (NASDAQ:CHTR) to report $11.15 billion in sales for the current quarter, Zacks reports. Twelve analysts have issued estimates for Charter Communications’ earnings, with the lowest sales estimate coming in at $11.05 billion and the highest estimate coming in at $11.24 billion. Charter Communications posted sales of $10.60 billion in the same quarter last year, which would indicate a positive year over year growth rate of 5.2%. The business is scheduled to report its next quarterly earnings report on Friday, February 1st.

According to Zacks, analysts expect that Charter Communications will report full year sales of $43.56 billion for the current fiscal year, with estimates ranging from $43.45 billion to $43.67 billion. For the next financial year, analysts anticipate that the business will report sales of $45.66 billion, with estimates ranging from $44.83 billion to $46.46 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Charter Communications.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, October 26th. The company reported $2.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $1.06. The business had revenue of $10.89 billion for the quarter, compared to the consensus estimate of $10.93 billion. Charter Communications had a return on equity of 2.39% and a net margin of 24.39%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business earned $0.19 EPS.

A number of analysts have issued reports on CHTR shares. Barclays set a $259.00 target price on Charter Communications and gave the company a “sell” rating in a report on Wednesday, October 10th. Buckingham Research lowered their target price on Charter Communications from $418.00 to $383.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Macquarie reaffirmed a “buy” rating and issued a $355.00 target price on shares of Charter Communications in a report on Wednesday, September 12th. BidaskClub raised Charter Communications from a “hold” rating to a “buy” rating in a report on Wednesday, October 17th. Finally, Citigroup lowered their target price on Charter Communications from $375.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Charter Communications presently has a consensus rating of “Buy” and a consensus price target of $360.13.

In other news, insider John Bickham sold 144,672 shares of Charter Communications stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $322.71, for a total transaction of $46,687,101.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.83% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in Charter Communications by 45.7% in the 3rd quarter. Bessemer Group Inc. now owns 634 shares of the company’s stock valued at $206,000 after buying an additional 199 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Charter Communications by 9.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 2,244 shares of the company’s stock valued at $731,000 after buying an additional 200 shares in the last quarter. Signaturefd LLC boosted its stake in Charter Communications by 20.7% in the 3rd quarter. Signaturefd LLC now owns 1,177 shares of the company’s stock valued at $384,000 after buying an additional 202 shares in the last quarter. LFA Lugano Financial Advisors SA raised its position in Charter Communications by 20.1% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 1,324 shares of the company’s stock valued at $431,000 after purchasing an additional 222 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in Charter Communications by 0.7% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 33,881 shares of the company’s stock valued at $9,934,000 after purchasing an additional 232 shares during the last quarter. 71.97% of the stock is currently owned by institutional investors.

CHTR traded up $4.94 during midday trading on Monday, reaching $326.78. The company’s stock had a trading volume of 1,269,312 shares, compared to its average volume of 1,560,869. The firm has a market capitalization of $73.67 billion, a P/E ratio of 123.31, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.53. Charter Communications has a twelve month low of $250.10 and a twelve month high of $396.64.

About Charter Communications

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, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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