After finishing at $280.85 in the prior trading day, Charter Communications Inc. (NASDAQ: CHTR) closed at $276.33, down -1.61%. In other words, the price has decreased by -$4.52 from its previous closing price. On the day, 1776317 shares were traded. CHTR stock price reached its highest trading level at $282.75 during the session, while it also had its lowest trading level at $270.41.
Ratios:
Our goal is to gain a better understanding of CHTR by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 56.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.09. For the most recent quarter (mrq), Quick Ratio is recorded 0.31 and its Current Ratio is at 0.31. In the meantime, Its Debt-to-Equity ratio is 8.92 whereas as Long-Term Debt/Eq ratio is at 8.74.
On February 05, 2024, Pivotal Research Group reiterated its Buy rating and also upped its target price recommendation from $500 to $450.
Wells Fargo Downgraded its Overweight to Equal Weight on February 05, 2024, whereas the target price for the stock was revised from $460 to $340.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 28 ’24 when Jacobson Craig A sold 918 shares for $289.24 per share. The transaction valued at 265,518 led to the insider holds 9,331 shares of the business.
Winfrey Christopher L bought 5,050 shares of CHTR for $1,491,214 on Feb 06 ’24. The President and CEO now owns 57,703 shares after completing the transaction at $295.29 per share. On Nov 17 ’23, another insider, Rutledge Thomas, who serves as the Executive Chairman of the company, sold 83,970 shares for $410.82 each. As a result, the insider received 34,496,611 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CHTR now has a Market Capitalization of 40.82B and an Enterprise Value of 137.89B. As of this moment, Charter’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.20, and their Forward P/E ratio for the next fiscal year is 7.51. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.73 while its Price-to-Book (P/B) ratio in mrq is 3.62. Its current Enterprise Value per Revenue stands at 2.53 whereas that against EBITDA is 6.65.
Stock Price History:
Over the past 52 weeks, CHTR has reached a high of $458.30, while it has fallen to a 52-week low of $276.49. The 50-Day Moving Average of the stock is 339.53, while the 200-Day Moving Average is calculated to be 383.21.
Shares Statistics:
The stock has traded on average 1.53M shares per day over the past 3-months and 1.83M shares per day over the last 10 days, according to various share statistics. A total of 145.23M shares are outstanding, with a floating share count of 99.62M. Insiders hold about 31.41% of the company’s shares, while institutions hold 70.51% stake in the company. Shares short for CHTR as of Feb 15, 2024 were 9.02M with a Short Ratio of 5.91, compared to 9.06M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.21% and a Short% of Float of 9.29%.
Earnings Estimates
Its stock is currently analyzed by 17 different market analysts. On average, analysts expect EPS of $7.89 for the current quarter, with a high estimate of $9.52 and a low estimate of $6.71, while EPS last year was $6.65. The consensus estimate for the next quarter is $8.6, with high estimates of $9.61 and low estimates of $7.72.
Analysts are recommending an EPS of between $39.53 and $30.4 for the fiscal current year, implying an average EPS of $34.19. EPS for the following year is $36.97, with 22 analysts recommending between $43.95 and $30.25.
Revenue Estimates
17 analysts predict $13.75B in revenue for the current quarter. It ranges from a high estimate of $13.89B to a low estimate of $13.63B. As of the current estimate, Charter Communications Inc.’s year-ago sales were $13.62B, an estimated increase of 1.00% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $13.75B, a decrease of -0.60% less than the figure of $1.00% in the same quarter last year. There is a high estimate of $13.88B for the next quarter, whereas the lowest estimate is $13.64B.
A total of 23 analysts have provided revenue estimates for CHTR’s current fiscal year. The highest revenue estimate was $55.59B, while the lowest revenue estimate was $54.64B, resulting in an average revenue estimate of $55.21B. In the same quarter a year ago, actual revenue was $54.61B, up 1.10% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $55.64B in the next fiscal year. The high estimate is $56.75B and the low estimate is $54.71B. The average revenue growth estimate for next year is up 0.80% from the average revenue estimate for this year.
