Comcast Corporation (NASDAQ:CMCSA) - Research analysts at KeyCorp increased their Q3 2017 EPS estimates for Comcast Corporation in a report issued on Thursday. KeyCorp analyst A. Hargreaves now anticipates that the cable giant will earn $0.49 per share for the quarter, up from their prior estimate of $0.48. KeyCorp also issued estimates for Comcast Corporation’s Q4 2017 earnings at $0.48 EPS, FY2017 earnings at $2.03 EPS, Q1 2018 earnings at $0.51 EPS, Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.52 EPS and FY2018 earnings at $2.11 EPS.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $20.85 billion. During the same period last year, the firm posted $0.83 earnings per share. Comcast Corporation’s revenue was up 9.8% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: “KeyCorp Research Analysts Lift Earnings Estimates for Comcast Corporation (CMCSA)” was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://stocknewstimes.com/2017/08/02/keycorp-research-analysts-lift-earnings-estimates-for-comcast-corporation-cmcsa.html.
Several other brokerages also recently weighed in on CMCSA. Moffett Nathanson downgraded Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research note on Tuesday, June 20th. ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Macquarie restated a “buy” rating and set a $45.00 target price on shares of Comcast Corporation in a research note on Thursday, April 27th. Finally, Telsey Advisory Group boosted their target price on Comcast Corporation from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. Three research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Comcast Corporation currently has an average rating of “Buy” and a consensus price target of $45.05.
Shares of Comcast Corporation (CMCSA) opened at 40.34 on Monday. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The stock has a market capitalization of $190.14 billion, a PE ratio of 20.32 and a beta of 1.01. The company’s 50 day moving average price is $39.64 and its 200 day moving average price is $38.61.
Institutional investors have recently added to or reduced their stakes in the company. Advantage Investment Management LLC acquired a new position in Comcast Corporation during the fourth quarter worth $103,000. IFM Investors Pty Ltd acquired a new position in Comcast Corporation during the fourth quarter worth $2,124,000. Independent Advisor Alliance acquired a new position in Comcast Corporation during the fourth quarter worth $284,000. Empire Life Investments Inc. acquired a new position in Comcast Corporation during the fourth quarter worth $39,544,000. Finally, Cypress Wealth Advisors LLC boosted its position in Comcast Corporation by 3.4% in the fourth quarter. Cypress Wealth Advisors LLC now owns 7,737 shares of the cable giant’s stock worth $534,000 after buying an additional 255 shares during the last quarter. 82.48% of the stock is owned by institutional investors.
In related news, Director Kenneth J. Bacon sold 7,500 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the completion of the transaction, the director now owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen B. Burke sold 258,380 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $38.99, for a total value of $10,074,236.20. Following the completion of the transaction, the executive vice president now directly owns 980,498 shares of the company’s stock, valued at approximately $38,229,617.02. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate insiders.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.56%. Comcast Corporation’s payout ratio is 31.74%.
Comcast Corporation Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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