Charter Communications (NASDAQ:CHTR) Issues Earnings Results

Charter Communications (NASDAQ:CHTR) released its earnings results on Friday. The company reported $7.55 earnings per share for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23), RTT News reports. The firm had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the company earned $6.65 earnings per share.

Charter Communications Stock Down 1.7 %

NASDAQ:CHTR traded down $4.49 during trading hours on Friday, hitting $254.61. 2,600,137 shares of the stock traded hands, compared to its average volume of 1,187,039. The firm has a 50 day moving average price of $281.16 and a 200 day moving average price of $347.46. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The firm has a market cap of $36.98 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 0.44 and a beta of 0.96.

Analysts Set New Price Targets

A number of research firms have weighed in on CHTR. JPMorgan Chase & Co. cut their target price on Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. Benchmark cut their target price on Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Deutsche Bank Aktiengesellschaft dropped their price target on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th. Wells Fargo & Company dropped their price target on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a report on Friday, April 5th. Finally, Bank of America dropped their price target on Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $380.80.

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.