Comcast (CMCSA) Scheduled to Post Earnings on Thursday

Comcast (NASDAQ:CMCSA) will be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect Comcast to post earnings of $0.99 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. On average, analysts expect Comcast to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Comcast Price Performance

NASDAQ:CMCSA opened at $40.36 on Wednesday. The firm has a market capitalization of $160.30 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 0.98 and a beta of 0.98. Comcast has a 1 year low of $36.38 and a 1 year high of $47.46. The business has a 50 day simple moving average of $41.75 and a 200-day simple moving average of $42.66. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Wells Fargo & Company decreased their price target on Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Evercore ISI restated an “outperform” rating and set a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $49.74.

Insiders Place Their Bets

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.18% of the company’s stock.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.