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

Charter Communications (NASDAQ:CHTR) posted its earnings results 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 business had revenue of $13.68 billion for the quarter, compared to analyst estimates of $13.75 billion. During the same quarter in the prior year, the business earned $6.65 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis.

Charter Communications Stock Performance

Shares of CHTR stock opened at $254.61 on Friday. The firm has a market capitalization of $36.98 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 0.45 and a beta of 0.96. The firm has a fifty day simple moving average of $281.16 and a two-hundred day simple moving average of $348.14. 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 12 month low of $236.08 and a 12 month high of $458.30.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CHTR shares. Benchmark dropped their price target on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Pivotal Research dropped their price target on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. UBS Group dropped their price target on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. Bank of America dropped their price target on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Finally, Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target on the stock in a research report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.