Comcast Corporation (CMCSA) Expected to Post Earnings of $0.48 Per Share

Analysts expect Comcast Corporation (NASDAQ:CMCSA) to post earnings per share (EPS) of $0.48 for the current quarter, according to Zacks Investment Research. Fourteen analysts have provided estimates for Comcast’s earnings, with estimates ranging from $0.46 to $0.53. Comcast reported earnings per share of $0.45 during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.7%. The company is expected to issue its next quarterly earnings report on Thursday, January 25th.

According to Zacks, analysts expect that Comcast will report full year earnings of $2.06 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.13. For the next financial year, analysts expect that the business will post earnings of $2.19 per share, with EPS estimates ranging from $2.07 to $2.33. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Comcast.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The company had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year.

Several brokerages have recently issued reports on CMCSA. Moffett Nathanson reiterated a “buy” rating on shares of Comcast in a research note on Monday, October 16th. OTR Global cut Comcast to a “positive” rating in a research note on Monday, October 30th. Buckingham Research began coverage on Comcast in a research note on Monday, November 20th. They issued a “buy” rating and a $48.00 price objective on the stock. Wells Fargo & Company reiterated a “buy” rating and issued a $49.00 price objective on shares of Comcast in a research note on Monday, October 23rd. Finally, Nomura reduced their price objective on Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $45.72.

Shares of Comcast (CMCSA) traded up $0.59 during midday trading on Friday, hitting $39.71. The stock had a trading volume of 37,355,080 shares, compared to its average volume of 27,347,334. The firm has a market capitalization of $185,595.44, a PE ratio of 19.71, a P/E/G ratio of 1.90 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. Comcast has a twelve month low of $34.12 and a twelve month high of $42.18.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be given a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.58%. Comcast’s payout ratio is currently 30.36%.

In other news, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the transaction, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the transaction, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in CMCSA. Connecticut Wealth Management LLC lifted its holdings in shares of Comcast by 0.4% during the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after acquiring an additional 24 shares in the last quarter. Financial Consulate Inc. lifted its holdings in shares of Comcast by 0.5% during the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after acquiring an additional 30 shares in the last quarter. Clarius Group LLC lifted its holdings in shares of Comcast by 0.4% during the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after acquiring an additional 32 shares in the last quarter. GM Advisory Group Inc. lifted its holdings in shares of Comcast by 0.9% during the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after acquiring an additional 48 shares in the last quarter. Finally, Peoples Bank OH lifted its holdings in shares of Comcast by 0.9% during the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after acquiring an additional 59 shares in the last quarter. 82.50% of the stock is owned by hedge funds and other institutional investors.

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About Comcast

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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