Charter Communications, Inc. (NASDAQ:CHTR) – Research analysts at SunTrust Banks issued their Q1 2019 earnings per share (EPS) estimates for Charter Communications in a research report issued on Wednesday. SunTrust Banks analyst G. Miller anticipates that the company will earn $2.95 per share for the quarter. SunTrust Banks has a “Buy” rating and a $380.00 price target on the stock. SunTrust Banks also issued estimates for Charter Communications’ Q2 2019 earnings at $3.50 EPS and FY2019 earnings at $15.23 EPS.
A number of other analysts have also commented on CHTR. UBS reiterated a “buy” rating and set a $450.00 target price (up previously from $380.00) on shares of Charter Communications in a report on Monday, August 14th. Robert W. Baird reiterated a “hold” rating and set a $365.00 target price on shares of Charter Communications in a report on Wednesday, October 4th. Royal Bank of Canada reiterated a “buy” rating and set a $420.00 target price on shares of Charter Communications in a report on Monday, September 18th. Moffett Nathanson reiterated a “neutral” rating on shares of Charter Communications in a report on Monday, October 16th. Finally, Barclays lowered Charter Communications from an “equal weight” rating to an “underweight” rating and upped their target price for the stock from $267.01 to $283.00 in a report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $378.12.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.77). Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The company had revenue of $10.46 billion for the quarter, compared to analyst estimates of $10.49 billion. During the same period last year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis.
In related news, CFO Christopher L. Winfrey purchased 3,100 shares of Charter Communications stock in a transaction that occurred on Monday, October 30th. The shares were acquired at an average price of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the transaction, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHTR. Janney Montgomery Scott LLC lifted its stake in shares of Charter Communications by 10.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,610 shares of the company’s stock valued at $542,000 after acquiring an additional 150 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Charter Communications by 50.7% in the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock valued at $152,000 after acquiring an additional 151 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Charter Communications by 22.4% in the 2nd quarter. First Trust Advisors LP now owns 81,343 shares of the company’s stock valued at $27,400,000 after acquiring an additional 14,865 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Charter Communications by 21,250.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 7,259 shares of the company’s stock valued at $2,445,000 after acquiring an additional 7,225 shares during the last quarter. Finally, Rational Advisors LLC bought a new position in shares of Charter Communications in the 2nd quarter valued at $168,000. Hedge funds and other institutional investors own 72.22% of the company’s stock.
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About Charter Communications
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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