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

Charter Communications (NASDAQ:CHTR) released its quarterly earnings results on Friday. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23), RTT News reports. The company had revenue of $13.68 billion during the quarter, compared to analysts’ expectations of $13.75 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. Charter Communications’s revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $6.65 earnings per share.

Charter Communications Trading Down 1.7 %

Shares of Charter Communications stock opened at $254.61 on Friday. Charter Communications has a 12-month low of $236.08 and a 12-month high of $458.30. The stock has a market cap of $36.98 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 0.44 and a beta of 0.96. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51. The company has a fifty day simple moving average of $281.16 and a 200-day simple moving average of $347.46.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CHTR shares. Pivotal Research reduced 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 note on Monday, February 5th. UBS Group dropped their price objective on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. Barclays dropped their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a report on Tuesday, April 16th. Finally, Rosenblatt Securities lowered their price target on shares of Charter Communications from $334.00 to $297.00 and set a “neutral” rating for the company in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Charter Communications has an average rating of “Hold” and a consensus target price 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.