Q3 2017 EPS Estimates for Charter Communications, Inc. Decreased by Analyst (CHTR)
Charter Communications, Inc. (NASDAQ:CHTR) – Investment analysts at Jefferies Group decreased their Q3 2017 earnings per share (EPS) estimates for shares of Charter Communications in a report issued on Sunday. Jefferies Group analyst M. Mccormack now expects that the company will earn $1.72 per share for the quarter, down from their prior forecast of $1.73. Jefferies Group also issued estimates for Charter Communications’ Q4 2017 earnings at $2.11 EPS, FY2017 earnings at $4.92 EPS and FY2018 earnings at $11.27 EPS.
Charter Communications (NASDAQ:CHTR) last posted its earnings results on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.29). Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The business had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.38 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. Charter Communications’s quarterly revenue was up 3.9% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/13/q3-2017-eps-estimates-for-charter-communications-inc-decreased-by-analyst-chtr.html.
A number of other research analysts have also weighed in on CHTR. Pivotal Research restated a “buy” rating on shares of Charter Communications in a research report on Sunday, July 30th. Deutsche Bank AG reiterated a “buy” rating and issued a $410.00 price target (up previously from $390.00) on shares of Charter Communications in a research report on Monday, July 31st. BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Royal Bank Of Canada restated a “buy” rating and set a $356.00 target price on shares of Charter Communications in a research report on Thursday, May 25th. Finally, UBS AG restated a “buy” rating and set a $450.00 target price (up previously from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $375.73.
Charter Communications (NASDAQ CHTR) opened at 381.57 on Wednesday. The company’s 50-day moving average price is $387.32 and its 200 day moving average price is $346.10. Charter Communications has a 52-week low of $241.50 and a 52-week high of $408.83. The stock has a market capitalization of $98.40 billion, a PE ratio of 109.30 and a beta of 1.10.
In related news, EVP Jonathan Hargis sold 10,976 shares of Charter Communications stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the sale, the executive vice president now directly owns 18,025 shares in the company, valued at approximately $7,191,975. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC boosted its holdings in shares of Charter Communications by 43.3% in the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after acquiring an additional 93 shares in the last quarter. Cornerstone Advisors Inc. boosted its holdings in Charter Communications by 4.9% during the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock worth $116,000 after buying an additional 16 shares in the last quarter. Barrett Asset Management LLC boosted its holdings in Charter Communications by 118.7% during the second quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock worth $134,000 after buying an additional 216 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Charter Communications by 50.7% during the second quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after buying an additional 151 shares in the last quarter. Finally, Rational Advisors LLC purchased a new stake in Charter Communications during the second quarter worth about $168,000. 74.15% of the stock is currently owned by institutional investors.
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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