Wall Street analysts expect Comcast Co. (NASDAQ:CMCSA) to announce earnings per share (EPS) of $0.73 for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Comcast’s earnings. The highest EPS estimate is $0.81 and the lowest is $0.69. Comcast reported earnings per share of $0.76 during the same quarter last year, which indicates a negative year-over-year growth rate of 3.9%. The business is scheduled to issue its next quarterly earnings results on Thursday, April 23rd.
On average, analysts expect that Comcast will report full-year earnings of $3.22 per share for the current fiscal year, with EPS estimates ranging from $3.11 to $3.31. For the next fiscal year, analysts anticipate that the company will post earnings of $3.42 per share, with EPS estimates ranging from $3.19 to $3.56. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Comcast.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. The business had revenue of $28.40 billion for the quarter, compared to the consensus estimate of $28.18 billion. Comcast had a net margin of 11.98% and a return on equity of 18.25%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 earnings per share.
A number of equities analysts have commented on CMCSA shares. Morgan Stanley reaffirmed a “buy” rating and set a $53.00 price objective on shares of Comcast in a research report on Friday, January 24th. Oppenheimer initiated coverage on shares of Comcast in a research report on Thursday, January 23rd. They issued a “buy” rating and a $50.00 target price for the company. UBS Group cut shares of Comcast from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a research report on Friday, January 24th. Credit Suisse Group reissued a “buy” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, January 22nd. Finally, SunTrust Banks boosted their target price on shares of Comcast from $49.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One investment analyst has 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 stock currently has a consensus rating of “Buy” and an average target price of $51.92.
In other Comcast news, EVP David N. Watson sold 78,100 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $43.67, for a total transaction of $3,410,627.00. Following the transaction, the executive vice president now directly owns 564,424 shares in the company, valued at approximately $24,648,396.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.35% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Executive Wealth Management LLC lifted its holdings in Comcast by 22.8% in the third quarter. Executive Wealth Management LLC now owns 4,394 shares of the cable giant’s stock valued at $198,000 after acquiring an additional 817 shares during the last quarter. Montag A & Associates Inc. acquired a new position in Comcast in the third quarter valued at approximately $200,000. Eagle Asset Management Inc. lifted its stake in Comcast by 1,328.3% during the third quarter. Eagle Asset Management Inc. now owns 845,740 shares of the cable giant’s stock worth $38,125,000 after purchasing an additional 786,529 shares in the last quarter. Lakeview Capital Partners LLC lifted its stake in Comcast by 48.2% during the third quarter. Lakeview Capital Partners LLC now owns 7,385 shares of the cable giant’s stock worth $333,000 after purchasing an additional 2,401 shares in the last quarter. Finally, Barber Financial Group Inc. lifted its stake in Comcast by 4.7% during the third quarter. Barber Financial Group Inc. now owns 5,295 shares of the cable giant’s stock worth $241,000 after purchasing an additional 236 shares in the last quarter. Institutional investors own 83.44% of the company’s stock.
Shares of CMCSA opened at $37.91 on Monday. The company has a market cap of $178.02 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 1.13 and a beta of 0.96. Comcast has a 1-year low of $36.67 and a 1-year high of $47.74. The company’s fifty day simple moving average is $43.78 and its 200 day simple moving average is $44.63. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.23.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.43%. This is a boost from Comcast’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, March 31st. Comcast’s dividend payout ratio is presently 26.84%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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