Charter Communications (CHTR) Releases Earnings Results, Beats Expectations By $0.28 EPS

Charter Communications (CHTR) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.99 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.28. Analysts had a consensus of $0.71. The company posted revenue of $9988.00 million in the period, compared to analysts expectations of $9958.47 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.09 EPS.

Many Wall Street Analysts have commented on Charter Communications. BofA/Merrill Initiated Charter Communications on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $300.Argus Initiated Charter Communications on Jul 20, 2016 to “Buy”, Price Target of the shares are set at $300.Company shares were Reiterated by Wunderlich on Jun 20, 2016 to “Buy”, Firm has raised the Price Target to $ 280 from a previous price target of $254 .

Charter Communications opened for trading at $234.55 and hit $239.37 on the upside on Monday, eventually ending the session at $236.82, with a gain of 0.86% or 2.03 points. The heightened volatility saw the trading volume jump to 19,98,791 shares. Company has a market cap of $24,083 M.

In a different news, on May 3, 2016, Jonathan Hargis (EVP/Chief Marketing Officer) sold 6,350 shares at $215.04 per share price. According to the SEC, on Apr 6, 2016, John D Jr Markley (director) sold 2,000 shares at $205.13 per share price. On Aug 28, 2015, Richard R Dykhouse (EVP/Gen Counsel/Corp Secretary) sold 7,000 shares at $180.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Charter Communications Inc. (Charter) is a provider of cable services in the United States offering a variety of entertainment information and communications solutions to residential and commercial customers. The Company sells its video Internet and voice services primarily on a subscription basis often in a bundle of two or more services. The Company provides broadband communications solutions to business and carrier organizations such as video entertainment services Internet access business telephone services data networking and fiber connectivity to cellular towers and office buildings. Through its hybrid fiber and coaxial cable network the Company offers its customers traditional cable video services as well as advanced video services Internet services and voice services. The Company’s voice services are primarily provided using voice over Internet protocol (VoIP) technology to transmit digital voice signals over the Company’s systems.

Charter Communications

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