Comcast Co. (CMCSA) Expected to Post Earnings of $0.62 Per Share

Equities analysts expect Comcast Co. (NASDAQ:CMCSA) to announce $0.62 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Comcast’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.64. Comcast posted earnings per share of $0.52 in the same quarter last year, which would suggest a positive year over year growth rate of 19.2%. The business is scheduled to announce its next earnings results before the market opens on Thursday, October 25th.

On average, analysts expect that Comcast will report full-year earnings of $2.54 per share for the current financial year, with EPS estimates ranging from $2.48 to $2.62. For the next year, analysts anticipate that the company will report earnings of $2.80 per share, with EPS estimates ranging from $2.65 to $2.89. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Comcast.

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

Several brokerages have recently weighed in on CMCSA. BidaskClub raised shares of Comcast from a “sell” rating to a “hold” rating in a report on Friday, June 15th. Pivotal Research reaffirmed a “buy” rating on shares of Comcast in a report on Friday, August 10th. UBS Group downgraded shares of Comcast from an “outperform” rating to a “market perform” rating in a report on Monday. Oppenheimer reissued a “market perform” rating and set a $42.00 price objective on shares of Comcast in a report on Monday. Finally, Moffett Nathanson reissued a “neutral” rating and set a $36.00 price objective on shares of Comcast in a report on Monday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $45.00.

A number of institutional investors and hedge funds have recently made changes to their positions in CMCSA. BBT Capital Management LLC purchased a new stake in Comcast in the second quarter valued at approximately $5,906,000. Wasatch Advisors Inc. grew its holdings in Comcast by 8.2% in the second quarter. Wasatch Advisors Inc. now owns 68,900 shares of the cable giant’s stock valued at $2,261,000 after purchasing an additional 5,200 shares during the period. Cumberland Partners Ltd grew its holdings in Comcast by 39.6% in the second quarter. Cumberland Partners Ltd now owns 133,850 shares of the cable giant’s stock valued at $4,391,000 after purchasing an additional 37,950 shares during the period. CKW Financial Group grew its holdings in Comcast by 30.7% in the second quarter. CKW Financial Group now owns 6,810 shares of the cable giant’s stock valued at $223,000 after purchasing an additional 1,600 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in Comcast by 6.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 19,722,508 shares of the cable giant’s stock valued at $647,096,000 after purchasing an additional 1,125,430 shares during the period. Institutional investors own 80.10% of the company’s stock.

Shares of NASDAQ:CMCSA traded down $2.27 during midday trading on Monday, hitting $35.63. The stock had a trading volume of 68,073,400 shares, compared to its average volume of 25,479,133. The company has a market cap of $176.03 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 1.19 and a beta of 1.20. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.86. Comcast has a 1 year low of $30.43 and a 1 year high of $44.00.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 24th. Shareholders of record on Wednesday, October 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, October 2nd. Comcast’s payout ratio is currently 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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