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.
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.
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.
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.
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