Charter Communications Inc to Post Q3 2019 Earnings of $1.99 Per Share, Oppenheimer Forecasts (NASDAQ:CHTR)

Charter Communications Inc (NASDAQ:CHTR) – Analysts at Oppenheimer raised their Q3 2019 earnings estimates for Charter Communications in a research report issued to clients and investors on Monday, July 29th. Oppenheimer analyst T. Horan now expects that the company will post earnings per share of $1.99 for the quarter, up from their prior forecast of $1.93. Oppenheimer also issued estimates for Charter Communications’ Q4 2019 earnings at $2.36 EPS.

A number of other research analysts also recently commented on CHTR. Macquarie assumed coverage on Charter Communications in a research note on Wednesday, June 19th. They issued a “hold” rating and a $390.00 target price on the stock. Credit Suisse Group boosted their target price on Charter Communications from $370.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday. UBS Group boosted their target price on Charter Communications from $383.00 to $421.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. ValuEngine upgraded Charter Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $480.00 target price on shares of Charter Communications in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Charter Communications currently has an average rating of “Hold” and a consensus target price of $415.71.

Shares of NASDAQ CHTR opened at $385.38 on Tuesday. The company has a 50-day moving average price of $400.56. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.67. Charter Communications has a one year low of $272.91 and a one year high of $417.13. The stock has a market capitalization of $89.09 billion, a P/E ratio of 73.83, a P/E/G ratio of 1.30 and a beta of 1.24.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 26th. The company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.40). Charter Communications had a net margin of 3.04% and a return on equity of 3.08%. The firm had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.40 billion. During the same quarter last year, the firm earned $1.15 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year.

In other Charter Communications news, Director Lance Conn sold 927 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $400.00, for a total value of $370,800.00. Following the completion of the sale, the director now owns 9,552 shares of the company’s stock, valued at $3,820,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Craig A. Jacobson sold 1,325 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $375.18, for a total value of $497,113.50. Following the completion of the sale, the director now directly owns 12,773 shares of the company’s stock, valued at approximately $4,792,174.14. The disclosure for this sale can be found here. 0.84% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. Egerton Capital UK LLP lifted its position in shares of Charter Communications by 21.4% in the first quarter. Egerton Capital UK LLP now owns 2,846,860 shares of the company’s stock worth $987,604,000 after buying an additional 502,358 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Charter Communications by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 2,218,112 shares of the company’s stock worth $630,980,000 after purchasing an additional 167,729 shares during the last quarter. Jackson Square Partners LLC lifted its position in shares of Charter Communications by 53.1% during the 1st quarter. Jackson Square Partners LLC now owns 1,149,607 shares of the company’s stock worth $398,810,000 after purchasing an additional 398,865 shares during the last quarter. First Pacific Advisors LP lifted its position in shares of Charter Communications by 4.0% during the 1st quarter. First Pacific Advisors LP now owns 1,094,858 shares of the company’s stock worth $379,817,000 after purchasing an additional 42,485 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Charter Communications by 0.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 679,778 shares of the company’s stock worth $235,822,000 after purchasing an additional 4,311 shares during the last quarter. 71.92% of the stock is owned by institutional investors.

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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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

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