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

Charter Communications (NASDAQ:CHTR - Get Free Report) announced its quarterly earnings results on Friday. The company reported $7.55 earnings per share 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 analyst estimates of $13.75 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $6.65 EPS.

Charter Communications Stock Down 1.7 %

CHTR stock traded down $4.49 during trading on Friday, reaching $254.61. The stock had a trading volume of 2,599,669 shares, compared to its average volume of 1,598,177. Charter Communications has a 1-year low of $236.08 and a 1-year high of $458.30. 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 market capitalization of $36.98 billion, a P/E ratio of 8.63, a PEG ratio of 0.46 and a beta of 0.96. The firm has a fifty day moving average price of $281.92 and a 200 day moving average price of $349.44.

Analysts Set New Price Targets

A number of brokerages have weighed in on CHTR. JPMorgan Chase & Co. decreased their price target on shares of Charter Communications from $370.00 to $335.00 and set a "neutral" rating on the stock in a report on Monday, April 1st. UBS Group decreased their price target on shares of Charter Communications from $360.00 to $325.00 and set a "neutral" rating on the stock in a report on Thursday, March 28th. Bank of America decreased their price target on shares of Charter Communications from $350.00 to $315.00 and set a "neutral" rating on the stock in a report on Tuesday, April 9th. Benchmark decreased their price target on shares of Charter Communications from $490.00 to $440.00 and set a "buy" rating on the stock in a report on Monday, February 5th. Finally, Pivotal Research decreased their price target on shares of Charter Communications from $500.00 to $450.00 and set a "buy" rating on the stock in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $380.80.

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.