Comcast (NASDAQ:CMCSA) – Stock analysts at KeyCorp issued their Q2 2018 earnings per share estimates for Comcast in a research report issued to clients and investors on Wednesday, May 16th. KeyCorp analyst A. Hargreaves anticipates that the cable giant will earn $0.60 per share for the quarter. KeyCorp has a “Overweight” rating on the stock. KeyCorp also issued estimates for Comcast’s Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $2.43 EPS, Q1 2019 earnings at $0.61 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.69 EPS, Q4 2019 earnings at $0.67 EPS and FY2019 earnings at $2.62 EPS.
Several other equities research analysts have also recently issued reports on the company. Atlantic Securities cut Comcast from an “overweight” rating to a “neutral” rating in a report on Tuesday, May 8th. ValuEngine cut Comcast from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Macquarie reiterated a “hold” rating and issued a $38.00 price objective on shares of Comcast in a report on Sunday, April 29th. TD Securities lowered their price objective on Comcast from $51.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, April 26th. Finally, BidaskClub upgraded Comcast from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $46.23.
NASDAQ:CMCSA opened at $32.72 on Monday. Comcast has a 52 week low of $30.43 and a 52 week high of $44.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $151.97 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.20 and a beta of 1.19.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, April 25th. The cable giant reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. Comcast had a return on equity of 16.14% and a net margin of 26.79%. The firm had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.74 billion. During the same period last year, the firm earned $0.53 EPS. The company’s quarterly revenue was up 10.7% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 25th. Shareholders of record on Tuesday, July 3rd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Monday, July 2nd. Comcast’s dividend payout ratio (DPR) is 36.89%.
In other Comcast news, SVP Daniel C. Murdock sold 1,891 shares of the firm’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 value of $67,319.60. Following the transaction, the senior vice president now directly owns 2,585 shares of the company’s stock, valued at approximately $92,026. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian L. Roberts sold 358,353 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $36.89, for a total transaction of $13,219,642.17. Following the completion of the transaction, the chief executive officer now directly owns 1,717,788 shares in the company, valued at $63,369,199.32. The disclosure for this sale can be found here. Insiders sold a total of 1,210,111 shares of company stock worth $44,299,007 over the last three months. Corporate insiders own 1.28% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Levin Capital Strategies L.P. raised its position in shares of Comcast by 1,525.7% during the 1st quarter. Levin Capital Strategies L.P. now owns 1,810,522 shares of the cable giant’s stock valued at $61,866,000 after buying an additional 1,699,153 shares during the period. CIBC World Markets Inc. raised its position in shares of Comcast by 271.1% during the 1st quarter. CIBC World Markets Inc. now owns 188,440 shares of the cable giant’s stock valued at $6,439,000 after buying an additional 137,658 shares during the period. Xact Kapitalforvaltning AB raised its position in shares of Comcast by 4.4% during the 1st quarter. Xact Kapitalforvaltning AB now owns 912,569 shares of the cable giant’s stock valued at $31,182,000 after buying an additional 38,543 shares during the period. Trust Co. of Vermont raised its position in shares of Comcast by 1.5% during the 1st quarter. Trust Co. of Vermont now owns 110,221 shares of the cable giant’s stock valued at $3,766,000 after buying an additional 1,605 shares during the period. Finally, M Holdings Securities Inc. raised its position in shares of Comcast by 20.5% during the 1st quarter. M Holdings Securities Inc. now owns 10,852 shares of the cable giant’s stock valued at $371,000 after buying an additional 1,847 shares during the period. 83.75% of the stock is currently owned by hedge funds and other institutional investors.
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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