Charter Communications (CHTR) Set to Announce Quarterly Earnings on Friday

Charter Communications (NASDAQ:CHTR) is scheduled to announce its earnings results before the market opens on Friday, July 26th. Analysts expect the company to announce earnings of $8.08 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The firm had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. Charter Communications’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.65 EPS. On average, analysts expect Charter Communications to post $32 EPS for the current fiscal year and $32 EPS for the next fiscal year.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $312.66 on Thursday. The firm has a market cap of $45.03 billion, a PE ratio of 10.11, a PEG ratio of 1.34 and a beta of 1.04. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 6.28. Charter Communications has a 1-year low of $236.08 and a 1-year high of $458.30. The company has a fifty day moving average price of $290.25 and a 200 day moving average price of $296.09.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CHTR shares. JPMorgan Chase & Co. cut their price objective on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. Wells Fargo & Company lowered their price objective on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating for the company in a research report on Monday, April 29th. The Goldman Sachs Group started coverage on shares of Charter Communications in a research report on Monday, July 1st. They set a “sell” rating and a $250.00 price objective for the company. Pivotal Research reduced their price objective on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Finally, Bank of America reduced their price objective on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $331.80.

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.