Comcast Co. (NASDAQ:CMCSA) Expected to Post Earnings of $0.75 Per Share

Analysts expect Comcast Co. (NASDAQ:CMCSA) to post earnings of $0.75 per share for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have issued estimates for Comcast’s earnings, with estimates ranging from $0.65 to $0.83. Comcast posted earnings of $0.65 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.4%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, October 24th.

According to Zacks, analysts expect that Comcast will report full year earnings of $3.06 per share for the current financial year, with EPS estimates ranging from $2.78 to $3.26. For the next financial year, analysts anticipate that the company will post earnings of $3.39 per share, with EPS estimates ranging from $3.16 to $3.65. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Comcast.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The firm had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.08 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year.

A number of research analysts recently issued reports on CMCSA shares. Macquarie started coverage on Comcast in a research note on Wednesday, June 19th. They set a “buy” rating and a $50.00 price objective for the company. Morgan Stanley boosted their price objective on Comcast from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Benchmark started coverage on Comcast in a research note on Wednesday, September 25th. They set a “buy” rating and a $64.00 price objective for the company. Pivotal Research boosted their price objective on Comcast from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Raymond James downgraded Comcast from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $25.00 to $21.00 in a research note on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $48.70.

In other Comcast news, Director Kenneth J. Bacon sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total value of $180,120.00. Following the completion of the transaction, the director now directly owns 29,603 shares in the company, valued at approximately $1,333,023.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel C. Murdock sold 848 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total value of $37,507.04. Following the completion of the transaction, the senior vice president now owns 3,419 shares of the company’s stock, valued at $151,222.37. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Meridian Financial Partners LLC raised its holdings in shares of Comcast by 3.1% during the 3rd quarter. Meridian Financial Partners LLC now owns 14,359 shares of the cable giant’s stock worth $633,000 after acquiring an additional 436 shares in the last quarter. First Financial Bank Trust Division raised its holdings in Comcast by 1.2% during the 3rd quarter. First Financial Bank Trust Division now owns 32,081 shares of the cable giant’s stock valued at $1,446,000 after buying an additional 377 shares during the period. Courier Capital LLC raised its holdings in Comcast by 83.3% during the 3rd quarter. Courier Capital LLC now owns 78,036 shares of the cable giant’s stock valued at $3,438,000 after buying an additional 35,466 shares during the period. HNP Capital LLC raised its holdings in Comcast by 1.0% during the 3rd quarter. HNP Capital LLC now owns 48,204 shares of the cable giant’s stock valued at $2,124,000 after buying an additional 481 shares during the period. Finally, Bremer Bank National Association raised its holdings in Comcast by 33.3% during the 3rd quarter. Bremer Bank National Association now owns 66,196 shares of the cable giant’s stock valued at $2,984,000 after buying an additional 16,525 shares during the period. Institutional investors and hedge funds own 82.75% of the company’s stock.

Shares of NASDAQ CMCSA traded down $0.20 during midday trading on Wednesday, hitting $44.52. 1,396,572 shares of the company’s stock traded hands, compared to its average volume of 16,395,077. Comcast has a 1 year low of $32.61 and a 1 year high of $47.27. The stock has a market capitalization of $200.25 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 1.20 and a beta of 1.08. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a fifty day moving average of $44.91 and a 200 day moving average of $43.01.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a $0.21 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $0.84 annualized dividend and a yield of 1.89%. Comcast’s payout ratio is 32.94%.

About Comcast

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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