$11.15 Billion in Sales Expected for Charter Communications Inc (CHTR) This Quarter

Equities analysts expect Charter Communications Inc (NASDAQ:CHTR) to announce $11.15 billion in sales for the current quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for Charter Communications’ earnings. The lowest sales estimate is $11.05 billion and the highest is $11.24 billion. Charter Communications reported sales of $10.60 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 5.2%. The firm is scheduled to announce its next quarterly earnings report on Friday, February 1st.

According to Zacks, analysts expect that Charter Communications will report full year sales of $43.56 billion for the current fiscal year, with estimates ranging from $43.45 billion to $43.67 billion. For the next year, analysts forecast that the company will report sales of $45.66 billion, with estimates ranging from $44.83 billion to $46.46 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Charter Communications.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, October 26th. The company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $1.06. The company had revenue of $10.89 billion during the quarter, compared to analysts’ expectations of $10.93 billion. Charter Communications had a return on equity of 2.39% and a net margin of 24.39%. Charter Communications’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 earnings per share.

A number of analysts recently commented on CHTR shares. UBS Group reduced their price objective on Charter Communications from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Raymond James reduced their price objective on Charter Communications from $400.00 to $365.00 and set a “strong-buy” rating for the company in a research report on Wednesday, October 31st. Zacks Investment Research cut Charter Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. SunTrust Banks reduced their price objective on Charter Communications from $390.00 to $365.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Finally, BidaskClub upgraded Charter Communications from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $359.94.

Charter Communications stock traded down $11.08 during mid-day trading on Monday, reaching $315.70. 1,135,577 shares of the stock traded hands, compared to its average volume of 1,090,314. The stock has a market cap of $74.81 billion, a PE ratio of 119.13, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.23 and a current ratio of 0.23. Charter Communications has a 12-month low of $250.10 and a 12-month high of $396.64.

In other Charter Communications news, insider John Bickham sold 144,672 shares of the business’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $322.71, for a total transaction of $46,687,101.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.83% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC boosted its stake in shares of Charter Communications by 76.3% in the second quarter. Advisory Services Network LLC now owns 543 shares of the company’s stock worth $156,000 after acquiring an additional 235 shares during the period. Dupont Capital Management Corp boosted its stake in shares of Charter Communications by 58.4% in the second quarter. Dupont Capital Management Corp now owns 2,419 shares of the company’s stock worth $709,000 after acquiring an additional 892 shares during the period. TD Asset Management Inc. boosted its stake in shares of Charter Communications by 4.0% in the second quarter. TD Asset Management Inc. now owns 99,613 shares of the company’s stock worth $29,208,000 after acquiring an additional 3,798 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Charter Communications by 54.8% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,420 shares of the company’s stock worth $3,935,000 after acquiring an additional 4,750 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Charter Communications by 30.4% in the second quarter. First Trust Advisors LP now owns 57,741 shares of the company’s stock worth $16,930,000 after acquiring an additional 13,461 shares during the period. 71.97% of the stock is owned by institutional investors and hedge funds.

About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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