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%.
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.
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