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

Charter Communications (NASDAQ:CHTR) issued its earnings results on Friday. The company reported $7.55 earnings per share (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 analysts’ expectations of $13.75 billion. During the same period last year, the business earned $6.65 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis.

Charter Communications Stock Performance

NASDAQ CHTR opened at $254.61 on Friday. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31. The stock’s 50 day simple moving average is $281.16 and its 200-day simple moving average is $347.46. The company has a market cap of $36.98 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.44 and a beta of 0.96. Charter Communications has a 1-year low of $236.08 and a 1-year high of $458.30.

Wall Street Analyst Weigh In

CHTR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a report on Tuesday, April 16th. Pivotal Research decreased their price target on Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a report on Monday, February 5th. Sanford C. Bernstein raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective on the stock in a research note on Monday, March 18th. Barclays decreased their target price on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. Finally, Wells Fargo & Company dropped their price target on shares of Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications 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.