Q1 2018 EPS Estimates for Charter Communications Boosted by Jefferies Group (CHTR)

Charter Communications (NASDAQ:CHTR) – Analysts at Jefferies Group increased their Q1 2018 earnings per share estimates for Charter Communications in a report issued on Thursday, April 19th. Jefferies Group analyst S. Goldman now forecasts that the company will post earnings of $0.25 per share for the quarter, up from their previous estimate of $0.12. Jefferies Group also issued estimates for Charter Communications’ FY2018 earnings at $2.97 EPS and FY2019 earnings at $7.49 EPS.

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Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.01. The company had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.60 billion. Charter Communications had a return on equity of 1.11% and a net margin of 23.80%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 earnings per share.



CHTR has been the subject of several other reports. Cowen started coverage on Charter Communications in a report on Monday, March 26th. They set an “outperform” rating for the company. Zacks Investment Research lowered Charter Communications from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 26th. Moffett Nathanson upgraded Charter Communications from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Wells Fargo upgraded Charter Communications from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $387.50 to $460.00 in a report on Monday, February 5th. Finally, Argus reiterated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $405.50.

Shares of NASDAQ:CHTR opened at $309.97 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.43. Charter Communications has a 1 year low of $298.67 and a 1 year high of $408.83. The firm has a market cap of $74,161.05, a P/E ratio of 116.97, a PEG ratio of 3.91 and a beta of 1.17.

In other Charter Communications news, EVP Jonathan Hargis sold 27,000 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $364.76, for a total transaction of $9,848,520.00. Following the transaction, the executive vice president now directly owns 34,931 shares of the company’s stock, valued at $12,741,431.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.83% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Price Capital Management Inc. acquired a new position in Charter Communications during the fourth quarter worth $101,000. Kings Point Capital Management increased its position in Charter Communications by 68.4% during the fourth quarter. Kings Point Capital Management now owns 347 shares of the company’s stock worth $117,000 after buying an additional 141 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Charter Communications by 109.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock worth $137,000 after buying an additional 214 shares during the last quarter. Icon Wealth Partners LLC acquired a new position in Charter Communications during the fourth quarter worth $151,000. Finally, Valeo Financial Advisors LLC increased its position in Charter Communications by 16,866.7% during the fourth quarter. Valeo Financial Advisors LLC now owns 509 shares of the company’s stock worth $171,000 after buying an additional 506 shares during the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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Charter Communications Company Profile

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.

Earnings History and Estimates for Charter Communications (NASDAQ:CHTR)

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