Q1 2022 EPS Estimates for Charter Communications, Inc. Cut by Analyst (NASDAQ:CHTR)
Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) – Stock analysts at Truist Financial decreased their Q1 2022 EPS estimates for Charter Communications in a research report issued to clients and investors on Tuesday, March 1st. Truist Financial analyst G. Miller now anticipates that the company will earn $6.97 per share for the quarter, down from their previous forecast of $7.09. Truist Financial has a “Hold” rating and a $600.00 price target on the stock. Truist Financial also issued estimates for Charter Communications’ Q2 2022 earnings at $7.55 EPS, Q3 2022 earnings at $8.35 EPS, Q4 2022 earnings at $9.60 EPS and FY2022 earnings at $32.47 EPS. Charter Communications (NASDAQ:CHTR – Get Rating) last announced its quarterly earnings results on Friday, January 28th. The company reported $8.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $6.91 by $2.02. Charter Communications had a net margin of 9.01% and a return on equity of 20.47%. The firm had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.25 billion. During the same period last year, the business earned $5.50 EPS. Charter Communications’s revenue for the quarter was up 4.7% compared to the same quarter last year.
Several other brokerages have also commented on CHTR. Royal Bank of Canada upgraded shares of Charter Communications from a “sector perform” rating to an “outperform” rating and cut their price target for the stock from $770.00 to $690.00 in a research note on Monday, January 24th. Wolfe Research lowered shares of Charter Communications from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $712.00 to $621.00 in a research note on Monday, January 3rd. Pivotal Research reiterated a “buy” rating and set a $800.00 price target on shares of Charter Communications in a research note on Wednesday, December 15th. UBS Group lowered shares of Charter Communications from a “buy” rating to a “neutral” rating and cut their price target for the stock from $810.00 to $645.00 in a research note on Tuesday, December 14th. Finally, Loop Capital dropped their price objective on shares of Charter Communications from $730.00 to $615.00 in a research note on Wednesday, January 26th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $748.79.
Shares of NASDAQ:CHTR opened at $594.74 on Wednesday. The company’s fifty day moving average price is $608.18 and its 200 day moving average price is $680.27. Charter Communications has a 12 month low of $549.59 and a 12 month high of $825.62. The company has a debt-to-equity ratio of 4.88, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $106.63 billion, a P/E ratio of 23.95, a P/E/G ratio of 0.64 and a beta of 0.96.
Hedge funds have recently added to or reduced their stakes in the stock. Camden Capital LLC lifted its holdings in shares of Charter Communications by 53.5% in the fourth quarter. Camden Capital LLC now owns 479 shares of the company’s stock valued at $312,000 after purchasing an additional 167 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Charter Communications in the fourth quarter valued at about $188,000. Regatta Capital Group LLC purchased a new stake in shares of Charter Communications in the fourth quarter valued at about $265,000. JustInvest LLC lifted its holdings in shares of Charter Communications by 16.4% in the fourth quarter. JustInvest LLC now owns 4,504 shares of the company’s stock valued at $2,936,000 after purchasing an additional 635 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Charter Communications by 3.1% in the fourth quarter. BlackRock Inc. now owns 8,655,420 shares of the company’s stock valued at $5,643,072,000 after purchasing an additional 260,167 shares in the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.
In related news, COO Christopher L. Winfrey acquired 2,750 shares of the firm’s stock in a transaction that occurred on Tuesday, February 1st. The shares were purchased at an average price of $591.96 per share, with a total value of $1,627,890.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by insiders.
Charter Communications Company Profile (Get Rating)
Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.
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