Charter Communications (NASDAQ:CHTR) Posts Earnings Results, Beats Estimates By $0.96 EPS

Charter Communications (NASDAQ:CHTR) released its quarterly earnings data on Friday. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96, RTT News reports. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. During the same period last year, the business earned $7.07 earnings per share.

Charter Communications Stock Up 2.6 %

Shares of CHTR traded up $8.80 during trading hours on Friday, hitting $345.42. The company had a trading volume of 1,542,342 shares, compared to its average volume of 1,235,984. The company has a market capitalization of $49.12 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 0.47 and a beta of 1.10. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications has a one year low of $236.08 and a one year high of $415.27. The company’s fifty day moving average price is $364.14 and its two-hundred day moving average price is $352.64.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Morgan Stanley upped their price objective on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research report on Thursday, December 12th. Wells Fargo & Company increased their price target on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $383.89.

Charter Communications Company Profile

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.