Wall Street analysts forecast that Comcast Co. (NASDAQ:CMCSA) will report earnings per share of $0.76 for the current quarter, according to Zacks. Eleven analysts have made estimates for Comcast’s earnings. The highest EPS estimate is $0.81 and the lowest is $0.66. Comcast reported earnings per share of $0.64 in the same quarter last year, which suggests a positive year over year growth rate of 18.8%. The company is expected to announce its next earnings report on Wednesday, January 22nd.
According to Zacks, analysts expect that Comcast will report full-year earnings of $3.10 per share for the current year, with EPS estimates ranging from $3.04 to $3.12. For the next fiscal year, analysts expect that the firm will post earnings of $3.41 per share, with EPS estimates ranging from $3.18 to $3.72. Zacks’ EPS averages are an average based on a survey of analysts that cover Comcast.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 24th. The cable giant reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. Comcast had a return on equity of 24.25% and a net margin of 11.45%. The company had revenue of $26.83 billion during the quarter, compared to analysts’ expectations of $26.77 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year.
CMCSA has been the subject of several analyst reports. Bank of America set a $58.00 target price on shares of Comcast and gave the company a “buy” rating in a research note on Wednesday, August 21st. ValuEngine raised shares of Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 3rd. Morgan Stanley set a $53.00 price target on shares of Comcast and gave the stock a “buy” rating in a report on Friday, October 25th. Benchmark began coverage on shares of Comcast in a research report on Wednesday, September 25th. They issued a “buy” rating and a $64.00 price objective for the company. Finally, BidaskClub downgraded shares of Comcast from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. Comcast currently has a consensus rating of “Buy” and an average price target of $50.52.
Shares of CMCSA traded down $0.35 during trading hours on Monday, reaching $43.89. 21,538,762 shares of the company traded hands, compared to its average volume of 17,853,859. The stock has a market capitalization of $201.26 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.18 and a beta of 1.05. The stock has a fifty day simple moving average of $44.65 and a 200 day simple moving average of $44.02. Comcast has a fifty-two week low of $32.61 and a fifty-two week high of $47.27. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $0.84 annualized dividend and a dividend yield of 1.91%. Comcast’s payout ratio is currently 32.94%.
In other Comcast news, CEO Brian L. Roberts sold 508,248 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $44.98, for a total transaction of $22,860,995.04. Following the completion of the sale, the chief executive officer now owns 4,108,522 shares of the company’s stock, valued at $184,801,319.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sheldon M. Bonovitz sold 5,600 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $45.47, for a total value of $254,632.00. Following the sale, the director now owns 27,912 shares of the company’s stock, valued at $1,269,158.64. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in CMCSA. United Bank raised its position in Comcast by 58.4% in the second quarter. United Bank now owns 14,614 shares of the cable giant’s stock valued at $618,000 after purchasing an additional 5,388 shares during the period. Boston Family Office LLC grew its stake in shares of Comcast by 14.6% in the second quarter. Boston Family Office LLC now owns 96,281 shares of the cable giant’s stock valued at $4,071,000 after buying an additional 12,295 shares in the last quarter. North American Management Corp grew its stake in shares of Comcast by 9.0% in the second quarter. North American Management Corp now owns 19,455 shares of the cable giant’s stock valued at $823,000 after buying an additional 1,603 shares in the last quarter. Stack Financial Management Inc raised its holdings in shares of Comcast by 0.7% during the 2nd quarter. Stack Financial Management Inc now owns 386,193 shares of the cable giant’s stock valued at $16,328,000 after buying an additional 2,845 shares during the period. Finally, Bfsg LLC raised its holdings in shares of Comcast by 123.0% during the 2nd quarter. Bfsg LLC now owns 30,325 shares of the cable giant’s stock valued at $1,282,000 after buying an additional 16,729 shares during the period. Institutional investors own 82.62% of the company’s stock.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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