Oppenheimer Research Analysts Reduce Earnings Estimates for Comcast Co. (CMCSA)

Comcast Co. (NASDAQ:CMCSA) – Analysts at Oppenheimer decreased their FY2020 EPS estimates for Comcast in a research note issued on Friday, September 21st. Oppenheimer analyst T. Horan now expects that the cable giant will post earnings per share of $3.03 for the year, down from their prior estimate of $3.04. Oppenheimer has a “Market Perform” rating and a $42.00 price objective on the stock.

CMCSA has been the subject of several other research reports. Pivotal Research reiterated a “buy” rating and set a $48.00 target price on shares of Comcast in a research report on Thursday, September 20th. ValuEngine upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research report on Monday, September 17th. Raymond James cut shares of Comcast from an “outperform” rating to a “market perform” rating and upped their target price for the company from $44.00 to $63.00 in a research report on Wednesday, June 13th. Atlantic Securities upgraded shares of Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 target price for the company in a research report on Monday, August 6th. Finally, Robert W. Baird dropped their target price on shares of Comcast from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Monday, July 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $45.00.

Shares of Comcast stock opened at $35.63 on Monday. The firm has a market cap of $176.03 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20. Comcast has a 52 week low of $30.43 and a 52 week high of $44.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.96 and a quick ratio of 0.96.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 26th. The cable giant reported $0.65 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.85 billion. Comcast had a net margin of 27.42% and a return on equity of 15.92%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in Comcast by 2.5% in the 1st quarter. BlackRock Inc. now owns 323,455,630 shares of the cable giant’s stock worth $11,052,476,000 after purchasing an additional 7,922,120 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Comcast by 9.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 148,275,122 shares of the cable giant’s stock worth $4,864,907,000 after purchasing an additional 12,823,994 shares during the period. FMR LLC boosted its stake in Comcast by 7.5% in the 2nd quarter. FMR LLC now owns 111,854,932 shares of the cable giant’s stock worth $3,669,961,000 after purchasing an additional 7,812,415 shares during the period. Franklin Resources Inc. boosted its stake in Comcast by 24.1% in the 1st quarter. Franklin Resources Inc. now owns 37,387,405 shares of the cable giant’s stock worth $1,277,535,000 after purchasing an additional 7,257,371 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Comcast by 108.8% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 33,898,474 shares of the cable giant’s stock worth $1,158,311,000 after purchasing an additional 17,663,290 shares during the period. 80.10% of the stock is owned by institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 24th. Stockholders of record on Wednesday, October 3rd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 36.89%.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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Earnings History and Estimates for Comcast (NASDAQ:CMCSA)

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