Q3 2017 Earnings Forecast for Charter Communications, Inc. Issued By Oppenheimer Holdings (NASDAQ:CHTR)

Charter Communications, Inc. (NASDAQ:CHTR) – Equities researchers at Oppenheimer Holdings reduced their Q3 2017 EPS estimates for shares of Charter Communications in a research report issued on Thursday. Oppenheimer Holdings analyst T. Horan now anticipates that the company will earn $0.73 per share for the quarter, down from their prior forecast of $0.75. Oppenheimer Holdings currently has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Charter Communications’ Q4 2017 earnings at $1.28 EPS and FY2017 earnings at $3.09 EPS.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.81 by $0.29. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The business had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.38 billion. During the same period in the prior year, the firm earned $0.99 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year.

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Several other equities analysts have also commented on CHTR. Pivotal Research reaffirmed a “buy” rating on shares of Charter Communications in a report on Sunday. Wells Fargo & Company reaffirmed a “market perform” rating and set a $372.00 target price (up previously from $330.00) on shares of Charter Communications in a report on Sunday. Deutsche Bank AG reaffirmed a “buy” rating and set a $410.00 target price (up previously from $390.00) on shares of Charter Communications in a report on Monday. BidaskClub raised shares of Charter Communications from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $356.00 target price on shares of Charter Communications in a report on Thursday, May 25th. Eleven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $336.77.

Shares of Charter Communications (NASDAQ CHTR) opened at 391.91 on Monday. The company has a 50 day moving average of $342.16 and a 200 day moving average of $330.90. The company has a market cap of $101.07 billion, a PE ratio of 112.26 and a beta of 1.07. Charter Communications has a 52 week low of $233.00 and a 52 week high of $399.95.

Large investors have recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its stake in Charter Communications by 0.5% in the first quarter. Quadrant Capital Group LLC now owns 643 shares of the company’s stock valued at $197,000 after buying an additional 3 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in Charter Communications by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 835 shares of the company’s stock valued at $273,000 after buying an additional 6 shares in the last quarter. RMB Capital Management LLC boosted its stake in Charter Communications by 1.0% in the first quarter. RMB Capital Management LLC now owns 815 shares of the company’s stock valued at $267,000 after buying an additional 8 shares in the last quarter. Allen Operations LLC boosted its stake in Charter Communications by 0.8% in the first quarter. Allen Operations LLC now owns 979 shares of the company’s stock valued at $320,000 after buying an additional 8 shares in the last quarter. Finally, Cornerstone Advisors Inc. boosted its stake in Charter Communications by 4.9% in the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after buying an additional 16 shares in the last quarter. 74.43% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Craig A. Jacobson sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $323.62, for a total value of $323,620.00. Following the completion of the sale, the director now directly owns 13,436 shares of the company’s stock, valued at approximately $4,348,158.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David C. Merritt bought 1,200 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was bought at an average cost of $326.31 per share, with a total value of $391,572.00. Following the completion of the transaction, the director now owns 8,174 shares in the company, valued at approximately $2,667,257.94. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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

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