$0.48 EPS Expected for Comcast Corporation (CMCSA) This Quarter

Analysts predict that Comcast Corporation (NASDAQ:CMCSA) will post earnings of $0.48 per share for the current quarter, according to Zacks. Fourteen analysts have made estimates for Comcast’s earnings. The highest EPS estimate is $0.53 and the lowest is $0.46. Comcast reported earnings per share of $0.45 during the same quarter last year, which suggests a positive year over year growth rate of 6.7%. The company is expected to issue its next quarterly earnings report before the market opens on Wednesday, January 24th.

On average, analysts expect that Comcast will report full-year earnings of $2.06 per share for the current year, with EPS estimates ranging from $2.00 to $2.11. For the next financial year, analysts expect that the company will post earnings of $2.19 per share, with EPS estimates ranging from $2.07 to $2.33. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Comcast.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share.

Several equities research analysts recently issued reports on CMCSA shares. Nomura decreased their price target on Comcast from $46.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 27th. KeyCorp reiterated a “neutral” rating on shares of Comcast in a report on Sunday, September 17th. Royal Bank of Canada reiterated a “buy” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, October 18th. UBS reiterated an “overweight” rating on shares of Comcast in a report on Thursday, August 24th. Finally, Robert W. Baird reissued a “buy” rating and issued a $43.00 price objective on shares of Comcast in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.72.

In other news, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at approximately $2,858,676.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. Insiders sold a total of 593,556 shares of company stock worth $22,958,411 over the last 90 days. Corporate insiders own 1.28% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Connecticut Wealth Management LLC grew its position in Comcast by 0.4% during the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock worth $256,000 after acquiring an additional 24 shares during the last quarter. Financial Consulate Inc. lifted its holdings in Comcast by 0.5% in the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after buying an additional 30 shares during the period. Clarius Group LLC lifted its holdings in Comcast by 0.4% in the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after buying an additional 32 shares during the period. GM Advisory Group Inc. lifted its holdings in Comcast by 0.9% in the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after buying an additional 48 shares during the period. Finally, Peoples Bank OH lifted its holdings in Comcast by 0.9% in the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after buying an additional 59 shares during the period. Hedge funds and other institutional investors own 82.13% of the company’s stock.

Shares of Comcast (NASDAQ:CMCSA) traded down $0.40 during trading on Friday, reaching $39.14. The company had a trading volume of 21,131,900 shares, compared to its average volume of 20,497,125. Comcast has a 1-year low of $34.12 and a 1-year high of $42.18. The company has a market capitalization of $184,800.91, a P/E ratio of 19.62, 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 current ratio of 0.74 and a quick ratio of 0.74.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid 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 1.60%. Comcast’s dividend payout ratio is currently 30.36%.

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Comcast 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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Earnings History and Estimates for Comcast (NASDAQ:CMCSA)

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