Comcast (NASDAQ:CMCSA – Get Free Report) announced its quarterly earnings results on Tuesday. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09, Briefing.com reports. The business had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.20%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 EPS.
Comcast Trading Down 1.1 %
NASDAQ CMCSA opened at $38.09 on Thursday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $149.45 billion, a PE ratio of 10.08, a P/E/G ratio of 0.96 and a beta of 1.00. Comcast has a one year low of $36.43 and a one year high of $47.46. The firm’s fifty day moving average is $38.55 and its two-hundred day moving average is $40.71.
Comcast Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.26%. Comcast’s dividend payout ratio is currently 32.80%.
Analyst Ratings Changes
View Our Latest Research Report on Comcast
Insider Buying and Selling at Comcast
In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total value of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares in the company, valued at $6,380,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.26% of the stock is currently owned by company insiders.
About Comcast
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.
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