Charter Communications (NASDAQ:CHTR) Releases Quarterly Earnings Results, Misses Expectations By $0.23 EPS

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

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $254.61 on Friday. Charter Communications has a twelve month low of $236.08 and a twelve month high of $458.30. The firm has a market cap of $36.98 billion, a P/E ratio of 8.23, a PEG ratio of 0.44 and a beta of 0.96. The company has a 50 day moving average of $281.16 and a 200 day moving average of $347.46. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51.

Analyst Upgrades and Downgrades

Several analysts have commented on CHTR shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a report on Tuesday, April 16th. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective for the company in a report on Monday, March 18th. Barclays lowered their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. Pivotal Research lowered their price objective on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a report on Monday, February 5th. Finally, UBS Group lowered their price objective on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $380.80.

About Charter Communications

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.