Comcast Corporation (NASDAQ:CMCSA) – Equities research analysts at KeyCorp lowered their FY2017 earnings per share estimates for Comcast Corporation in a research note issued to investors on Tuesday, according to Zacks Investment Research. KeyCorp analyst A. Hargreaves now forecasts that the cable giant will post earnings of $2.02 per share for the year, down from their previous estimate of $2.03. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Comcast Corporation’s Q4 2017 earnings at $0.47 EPS and FY2018 earnings at $2.10 EPS.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 earnings per share.
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A number of other brokerages have also recently commented on CMCSA. ValuEngine cut Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and set a $43.00 target price on shares of Comcast Corporation in a research report on Friday, September 1st. UBS AG reiterated an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $42.00 to $46.00 in a research report on Thursday, August 3rd. Finally, Argus increased their target price on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Comcast Corporation currently has an average rating of “Buy” and an average target price of $45.84.
Shares of Comcast Corporation (NASDAQ CMCSA) traded up $0.29 on Friday, reaching $36.85. The company’s stock had a trading volume of 18,010,300 shares, compared to its average volume of 19,673,605. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $170,873.08, a PE ratio of 18.14, a price-to-earnings-growth ratio of 1.89 and a beta of 1.00. Comcast Corporation has a fifty-two week low of $32.30 and a fifty-two week high of $42.18.
Several large investors have recently bought and sold shares of CMCSA. Connecticut Wealth Management LLC lifted its stake in shares of Comcast Corporation by 0.4% during the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock worth $256,000 after acquiring an additional 24 shares during the last quarter. Financial Consulate Inc. lifted its stake in shares of Comcast Corporation by 0.5% during the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after acquiring an additional 30 shares during the last quarter. Clarius Group LLC lifted its stake in shares of Comcast Corporation by 0.4% during the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after acquiring an additional 32 shares during the last quarter. GM Advisory Group Inc. lifted its stake in shares of Comcast Corporation by 0.9% during the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after acquiring an additional 48 shares during the last quarter. Finally, Peoples Bank OH lifted its stake in shares of Comcast Corporation by 0.9% during the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after acquiring an additional 59 shares during the last quarter. 81.88% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $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 the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the sale, the director now directly owns 24,580 shares of the company’s stock, valued at $916,096.60. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.
The company also recently declared 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. This represents a $0.63 annualized dividend and a yield of 1.70%. The ex-dividend date is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio is presently 30.36%.
About Comcast Corporation
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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