Wall Street analysts expect that Comcast Co. (NASDAQ:CMCSA) will announce $22.70 billion in sales for the current fiscal quarter, Zacks reports. Fourteen analysts have provided estimates for Comcast’s earnings, with estimates ranging from $22.36 billion to $23.24 billion. Comcast reported sales of $20.46 billion during the same quarter last year, which would suggest a positive year over year growth rate of 10.9%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, April 25th.
According to Zacks, analysts expect that Comcast will report full year sales of $89.52 billion for the current financial year, with estimates ranging from $88.78 billion to $90.29 billion. For the next year, analysts anticipate that the company will report sales of $91.84 billion per share, with estimates ranging from $90.20 billion to $93.59 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Comcast.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The company had revenue of $21.92 billion during the quarter, compared to analysts’ expectations of $21.83 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis.
A number of brokerages have recently issued reports on CMCSA. Pivotal Research restated a “buy” rating and set a $52.00 price objective on shares of Comcast in a report on Wednesday, January 24th. Nomura restated a “neutral” rating and set a $42.00 price objective (down previously from $45.00) on shares of Comcast in a report on Thursday, January 18th. Instinet cut Comcast from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $42.00 to $45.00 in a report on Thursday, January 18th. SunTrust Banks boosted their price objective on Comcast to $50.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Guggenheim boosted their price objective on Comcast from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $47.08.
Shares of NASDAQ:CMCSA opened at $33.53 on Tuesday. Comcast has a 12-month low of $32.74 and a 12-month high of $44.00. The company has a market cap of $153,361.63, a PE ratio of 16.28, a PEG ratio of 1.21 and a beta of 1.17. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a $0.19 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s payout ratio is 36.89%.
In other Comcast news, EVP Arthur R. Block sold 6,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $34.84, for a total transaction of $233,428.00. Following the completion of the transaction, the executive vice president now directly owns 62,988 shares in the company, valued at $2,194,501.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 2,471 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $35.60, for a total transaction of $87,967.60. Following the transaction, the executive vice president now owns 62,988 shares of the company’s stock, valued at $2,242,372.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,399,951 shares of company stock valued at $52,377,633. 1.28% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in CMCSA. Global Financial Private Capital LLC raised its position in Comcast by 9.0% during the second quarter. Global Financial Private Capital LLC now owns 39,728 shares of the cable giant’s stock valued at $1,546,000 after purchasing an additional 3,282 shares in the last quarter. Harris Associates L P raised its position in Comcast by 0.8% during the second quarter. Harris Associates L P now owns 9,853,913 shares of the cable giant’s stock valued at $383,514,000 after purchasing an additional 80,045 shares in the last quarter. Clinton Group Inc. raised its position in Comcast by 84.7% during the second quarter. Clinton Group Inc. now owns 274,038 shares of the cable giant’s stock valued at $10,666,000 after purchasing an additional 125,688 shares in the last quarter. Institute for Wealth Management LLC. acquired a new position in Comcast during the second quarter valued at approximately $758,000. Finally, Sun Life Financial INC raised its position in Comcast by 43,650.0% during the second quarter. Sun Life Financial INC now owns 42,000 shares of the cable giant’s stock valued at $1,635,000 after purchasing an additional 41,904 shares in the last quarter. Institutional investors and hedge funds own 83.54% of the company’s stock.
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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