Charter Communications, Inc. (CHTR) Going Through Hard Times This Year

Charter Communications, Inc. (CHTR) shares saw a recent bid of $337.45 and 1.99M shares have exchanged hands in the recent trading session, yielding a -2.58% decline over the past week. The stock price decreased -2.44% or $8.43 versus $345.88 at the end of the prior session. This change led market cap to move at $88.58B, putting the price -4.94% below the 52-week high and 57.64% above the 52-week low. The company’s stock has a normal trading capacity of 1.37M shares while the relative volume is 1.45.

By historical standards, Charter Communications, Inc. remains a cheap stock. The company’s current price-earnings ratio amounts to 18.96 times earnings, below the average P/E ratio of 21.88 times earnings. Over the short term, some market observers may have noticed that Charter Communications, Inc. has a 3.53% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Charter Communications, Inc. has far performed well this year, with the share price up 17.20% since January. Over the past 2 quarters, the stock is up 22.12%, compared with a gain of nearly 4.43% for 3 months and about 3.66% for the past 30 days.

Last time, the company failed Wall Street by reporting EPS of $0.57, smashing the consensus of $0.98 per share. Revenue for the quarter also did not kill consensus, coming in at $10.16B, compared to the consensus of 10.26B. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.88. The company is expected to report EPS as high as $1.43 and as low as $0.47 per share. Similarly, full-year EPS forecasts have ranged between $3.25 and $6.45. The mean EPS estimate is $4.57. On the other side, sales forecasts for the current quarter are $10.39B. The stock is expected to report revenue as high as $10.46B and as low as $10.29B per share. Similarly, full-year sales forecasts have ranged between $41.31B and $42.23B. The mean revenue estimate is $41.69B.

Over the last 5 years, Charter Communications, Inc. has averaged a 44.30% YoY EPS growth rate and a 32.10% revenue growth rate. Analysts are expecting EPS growth rates to be at 695.20% this quarter and EPS estimate for next year reflect 83.45% growth rate.

Sell-side analysts also have something to say about this company. Oppenheimer analysts stated on 02/06/2017 that they launched coverage on this stock with Perform rating. Telsey Advisory Group analysts stated on 03/05/2017 that they maintained their Market Perform rating. Wunderlich had a markedly different take on 03/05/2017, proposing that Charter Communications, Inc. is now considered Hold versus prior Buy rating. Wells Fargo had a markedly different take on 03/05/2017, proposing that Charter Communications, Inc. is now considered Market Perform versus prior Outperform rating.

Charter Communications, Inc. (CHTR) Going Through Hard Times This Year was last modified: June 9th, 2017 by Edward Walker
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