Comcast Corporation (CMCSA) Expected to Announce Earnings of $0.48 Per Share

Equities analysts expect Comcast Corporation (NASDAQ:CMCSA) to report earnings of $0.48 per share for the current quarter, according to Zacks. Fourteen analysts have made estimates for Comcast Corporation’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.53. Comcast Corporation reported earnings of $0.45 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, January 25th.

On average, analysts expect that Comcast Corporation will report full year earnings of $2.06 per share for the current year, with EPS estimates ranging from $2.00 to $2.11. For the next year, analysts expect that the business will post earnings of $2.20 per share, with EPS estimates ranging from $2.10 to $2.33. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Comcast Corporation.

Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share.

CMCSA has been the subject of several recent analyst reports. Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $42.00 to $46.00 in a report on Thursday, August 3rd. Argus increased their price target on shares of Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 4th. UBS AG reissued an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Robert W. Baird reissued a “buy” rating and issued a $43.00 price target on shares of Comcast Corporation in a report on Friday, September 1st. Finally, ValuEngine downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $45.84.

In other news, EVP Arthur R. Block sold 4,091 shares of Comcast Corporation stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the sale, the director now owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of CMCSA. Vanguard Group Inc. boosted its position in Comcast Corporation by 2.8% during the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares during the period. State Street Corp boosted its position in Comcast Corporation by 97.6% during the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after purchasing an additional 98,570,377 shares during the period. Clearbridge Investments LLC boosted its position in Comcast Corporation by 97.6% during the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after purchasing an additional 48,147,456 shares during the period. Ameriprise Financial Inc. boosted its position in Comcast Corporation by 95.7% during the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after purchasing an additional 29,199,805 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Comcast Corporation by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock worth $2,218,587,000 after purchasing an additional 680,012 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Comcast Corporation (NASDAQ CMCSA) traded up $0.40 during mid-day trading on Friday, reaching $37.25. 16,256,600 shares of the company’s stock traded hands, compared to its average volume of 19,658,002. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $172,370.00, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 1.91 and a beta of 1.00. Comcast Corporation has a 12 month low of $33.09 and a 12 month high of $42.18.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a yield of 1.69%. Comcast Corporation’s dividend payout ratio (DPR) is currently 29.72%.

WARNING: “Comcast Corporation (CMCSA) Expected to Announce Earnings of $0.48 Per Share” was published by Week Herald and is the property of of Week Herald. If you are reading this piece on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://weekherald.com/2017/11/14/comcast-corporation-cmcsa-expected-to-announce-earnings-of-0-48-per-share.html.

Comcast Corporation Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Get a free copy of the Zacks research report on Comcast Corporation (CMCSA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Comcast Corporation (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply