Brokerages predict that Comcast Corporation (NASDAQ:CMCSA) will report $21.15 billion in sales for the current fiscal quarter, according to Zacks. Fourteen analysts have provided estimates for Comcast Corporation’s earnings, with estimates ranging from $20.80 billion to $22.38 billion. Comcast Corporation posted sales of $21.32 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.8%. The business is expected to announce its next earnings results before the market opens on Thursday, October 26th.
On average, analysts expect that Comcast Corporation will report full year sales of $21.15 billion for the current year, with estimates ranging from $84.28 billion to $85.41 billion. For the next fiscal year, analysts anticipate that the business will report sales of $89.95 billion per share, with estimates ranging from $88.02 billion to $91.67 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Comcast Corporation.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis.
CMCSA has been the topic of several recent analyst reports. ValuEngine raised shares of Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. TD Securities assumed coverage on shares of Comcast Corporation in a research note on Thursday, July 13th. They set a “buy” rating and a $51.00 target price on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $45.00 price target on shares of Comcast Corporation in a research note on Sunday, July 9th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $47.00 price target on shares of Comcast Corporation in a research note on Friday, July 7th. Finally, Instinet reaffirmed a “buy” rating and issued a $46.00 price target on shares of Comcast Corporation in a research note on Wednesday, June 28th. Three analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $45.83.
Shares of Comcast Corporation (NASDAQ CMCSA) traded up 0.51% during trading on Friday, hitting $37.30. The stock had a trading volume of 38,769,662 shares. The firm has a market cap of $175.81 billion, a P/E ratio of 18.79 and a beta of 1.01. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The firm has a 50 day moving average price of $39.84 and a 200 day moving average price of $39.19.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.69%. Comcast Corporation’s dividend payout ratio is currently 31.74%.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the sale, the senior vice president now owns 725 shares in the company, valued at approximately $28,717.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the sale, the director now owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Patriot Financial Group Insurance Agency LLC increased its holdings in Comcast Corporation by 100.0% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after purchasing an additional 1,340 shares during the last quarter. Zions Bancorporation increased its holdings in Comcast Corporation by 16.8% in the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares during the last quarter. Clear Perspective Advisors LLC increased its holdings in Comcast Corporation by 100.1% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new stake in Comcast Corporation in the 2nd quarter valued at approximately $107,000. Finally, First Bank & Trust increased its holdings in Comcast Corporation by 84.9% in the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after purchasing an additional 1,302 shares during the last quarter. Hedge funds and other institutional investors own 81.93% of the company’s stock.
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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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