Comcast (NASDAQ:CMCSA) Announces Quarterly Earnings Results

Comcast (NASDAQ:CMCSA) issued its quarterly earnings results on Thursday. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06, Briefing.com reports. The company had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. Comcast’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded up $0.58 during trading hours on Friday, hitting $38.45. 15,554,051 shares of the company’s stock were exchanged, compared to its average volume of 20,771,980. The stock has a market capitalization of $152.72 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 0.98 and a beta of 0.98. The company’s 50-day moving average price is $41.64 and its 200-day moving average price is $42.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. Comcast has a 1-year low of $36.43 and a 1-year high of $47.46.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, April 10th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Friday. BNP Paribas reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Tuesday, April 9th. Scotiabank reduced their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday. Finally, Oppenheimer reiterated an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.45.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.18% of the company’s stock.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.