Stock analysts expect Comcast Co. (NASDAQ: CMCSA – Get Rating) to report earnings of $0.90 per share for the current quarter, reports Zacks Investment Research. Fourteen analysts made estimates for Comcast’s earnings, with the highest EPS estimate of $0.94 and the lowest estimate of $0.86. Comcast reported earnings of $0.84 per share in the same quarter last year, which would indicate a positive growth rate of 7.1% year over year. The company is expected to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Comcast to report annual earnings of $3.55 per share for the current fiscal year, with EPS estimates ranging from $3.27 to $3.69. For next year, analysts expect the company to post earnings of $3.96 per share, with EPS estimates ranging from $3.53 to $4.19. Zacks Investment Research EPS averages are an average average based on a survey of research companies that track Comcast.
Comcast (NASDAQ:CMCSA – Get Rating) last released its results on Thursday, April 28. The cable giant reported earnings per share (EPS) of $0.86 for the quarter, beating consensus analyst estimates of $0.80 by $0.06. The company posted revenue of $31.01 billion in the quarter, versus analyst estimates of $30.40 billion. Comcast had a return on equity of 15.92% and a net margin of 11.96%. Comcast’s revenue increased 14.0% from the same quarter last year. During the same period last year, the company posted earnings per share of $0.76.
Several brokerages have recently published reports on the CMCSA. Barclays lowered its price target on Comcast from $56.00 to $48.00 in a Friday, April 29 research report. JPMorgan Chase & Co. reduced its target price on Comcast from $60.00 to $52.00 in a Friday, April 29 research note. Cowen raised his price target on Comcast from $60.00 to $64.00 in a Friday, Jan. 28 research note. Morgan Stanley lowered its price target on Comcast from $60.00 to $55.00 in a Friday, April 29 report. Finally, Truist Financial downgraded Comcast from a “buy” rating to a “hold” rating and lowered its price target for the company from $70.00 to $50.00 in a Tuesday, March 1 report. One equity research analyst gave the stock a sell rating, seven issued a hold rating, fourteen issued a buy rating and one gave the company a strong buy rating. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $59.26.
The NASDAQ CMCSA rose $0.03 during Friday’s trading, hitting $44.16. 18,073,506 shares of the company were traded, against an average volume of 23,683,275. The company has a 50-day moving average price of $44.67 and a two-hundred-day moving average price of $47.64. The company has a debt ratio of 1.02, a quick ratio of 0.86 and a current ratio of 0.86. Comcast has a 1-year minimum of $39.47 and a 1-year maximum of $61.80. The stock has a market capitalization of $200.19 billion, a P/E ratio of 14.25, a price-to-earnings growth ratio of 0.89 and a beta of 0.97.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 27. Shareholders of record on Wednesday, July 6 will receive a dividend of $0.27 per share. This represents a dividend of $1.08 on an annualized basis and a yield of 2.45%. The ex-dividend date is Tuesday, July 5. Comcast’s payout ratio is 34.84%.
Separately, CEO David N. Watson sold 65,410 shares of the company in a trade on Friday, March 11. The shares were sold at an average price of $45.69, for a total transaction of $2,988,582.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.35% of the shares of the company.
Several hedge funds have recently changed their positions in CMCSA. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Comcast in the third quarter worth about $26,000. AHL Investment Management Inc. bought a new stake in Comcast in the fourth quarter for $30,000. Sandy Cove Advisors LLC bought a new stake in Comcast stock during Q4 for $31,000. Core Alternative Capital increased its stake in Comcast shares by 86.9% in the 4th quarter. Core Alternative Capital now owns 684 shares of the cable giant valued at $34,000 after buying 318 additional shares last quarter. Finally, Rise Advisors LLC purchased a new equity stake in Comcast during Q4 for $36,000. Institutional investors hold 83.33% of the company’s shares.
Comcast Company Profile (Get a rating)
Comcast Corporation operates as a worldwide media and technology company. It operates through Cable Communications, Media, Studios, Theme Parks and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless and other services to residential and business customers under the Xfinity brand; and advertising services.
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