The closing price of Charter Communications Inc. (NASDAQ: CHTR) was $278.02 for the day, down -2.16% from the previous closing price of $284.15. In other words, the price has decreased by -$6.13 from its previous closing price. On the day, 1075314 shares were traded. CHTR stock price reached its highest trading level at $284.00 during the session, while it also had its lowest trading level at $275.83.
Ratios:
Our analysis of CHTR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 56.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.10. 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.
Pivotal Research Group reiterated its Buy rating for the stock on February 05, 2024, while the target price for the stock was revised from $500 to $450.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 40.14B and an Enterprise Value of 137.21B. As of this moment, Charter’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.26, and their Forward P/E ratio for the next fiscal year is 7.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.74 while its Price-to-Book (P/B) ratio in mrq is 3.64. Its current Enterprise Value per Revenue stands at 2.51 whereas that against EBITDA is 6.62.
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 $270.41. The 50-Day Moving Average of the stock is 306.67, while the 200-Day Moving Average is calculated to be 379.16.
Shares Statistics:
CHTR traded an average of 1.69M shares per day over the past three months and 1.33M shares per day over the past ten days. A total of 145.23M shares are outstanding, with a floating share count of 98.20M. Insiders hold about 31.99% of the company’s shares, while institutions hold 70.96% stake in the company. Shares short for CHTR as of Mar 15, 2024 were 10.05M with a Short Ratio of 5.96, compared to 9.02M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.96% and a Short% of Float of 10.25%.
Earnings Estimates
The firm’s stock currently is rated by 18 analysts. On average, analysts expect EPS of $7.97 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 $8.59, with high estimates of $9.61 and low estimates of $7.27.
Analysts are recommending an EPS of between $39.77 and $27.85 for the fiscal current year, implying an average EPS of $34.22. EPS for the following year is $36.86, with 23 analysts recommending between $46.54 and $26.37.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 18 analysts. 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 0.90% from the year-ago figure. For the next quarter, 17 analysts are estimating revenue of $13.74B, a decrease of -0.70% less than the figure of $0.90% in the same quarter last year. There is a high estimate of $13.88B for the next quarter, whereas the lowest estimate is $13.61B.
A total of 24 analysts have provided revenue estimates for CHTR’s current fiscal year. The highest revenue estimate was $55.59B, while the lowest revenue estimate was $54.42B, resulting in an average revenue estimate of $55.12B. In the same quarter a year ago, actual revenue was $54.61B, up 0.90% from the average estimate. Based on 23 analysts’ estimates, the company’s revenue will be $55.5B in the next fiscal year. The high estimate is $56.54B and the low estimate is $53.94B. The average revenue growth estimate for next year is up 0.70% from the average revenue estimate for this year.
