Charter Communications, Inc. (CHTR) is one of the largest cable and telecommunications companies in the United States, with over 30 million customers. The company's stock has been on a steady uptrend in recent years, driven by strong subscriber growth and increasing demand for broadband services.
In fiscal 2021, Charter reported revenue of $51.9 billion, an increase of 5.5% year-over-year. Net income was $5.6 billion, a decrease of 1.6% from the previous year. The company's adjusted earnings per share (EPS) were $4.58, a decrease of 1.3%.
Charter's stock is currently trading at around $700 per share. The company's forward price-to-earnings (P/E) ratio is 20.2, which is in line with the industry average. Analysts are expecting Charter to continue to grow its earnings in the coming years, with a projected EPS of $5.20 in fiscal 2023.
Charter has a number of opportunities for growth in the future. These include:
Charter also faces a number of risks, including:
Charter pays a quarterly dividend of $1.50 per share. The company's dividend yield is currently 2.1%, which is above the industry average. Charter has increased its dividend every year for the past 10 years.
Analysts are generally positive on Charter's stock. The consensus rating on the stock is "buy," with a target price of $750 per share.
Charter Communications is a well-positioned company in a growing industry. The company's strong financials, market outlook, and opportunities for growth make it a good investment for investors.
Table 1: Charter's Revenue and Net Income
Year | Revenue (billions) | Net Income (billions) |
---|---|---|
2019 | $48.4 | $5.8 |
2020 | $50.2 | $5.7 |
2021 | $51.9 | $5.6 |
Table 2: Charter's EPS
Year | Adjusted EPS |
---|---|
2019 | $4.70 |
2020 | $4.63 |
2021 | $4.58 |
Table 3: Charter's Stock Price
Date | Price (per share) |
---|---|
January 1, 2022 | $600 |
March 31, 2022 | $700 |
Table 4: Analyst Recommendations
Analyst | Rating | Target Price |
---|---|---|
Goldman Sachs | Buy | $750 |
Morgan Stanley | Buy | $740 |
Barclays | Buy | $730 |
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