Analysts expect Comcast Corporation (NASDAQ:CMCSA) to announce sales of $21.15 billion for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have provided estimates for Comcast Corporation’s earnings. The highest sales estimate is $22.38 billion and the lowest is $20.76 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 firm is scheduled to issue 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 financial year, with estimates ranging from $84.28 billion to $85.41 billion. For the next year, analysts expect that the company will report sales of $89.87 billion per share, with estimates ranging from $87.69 billion to $91.67 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Comcast Corporation.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $20.85 billion. During the same quarter last year, the business earned $0.83 earnings per share. The company’s revenue was up 9.8% compared to the same quarter last year.
A number of research firms have commented on CMCSA. KeyCorp reiterated a “neutral” rating on shares of Comcast Corporation in a research report on Sunday, September 17th. UBS AG reiterated an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Argus upped their price target on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Barclays PLC set a $44.00 price target on Comcast Corporation and gave the company a “buy” rating in a research report on Friday, July 14th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $43.00 price target on shares of Comcast Corporation in a research report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Comcast Corporation presently has a consensus rating of “Buy” and a consensus price target of $45.83.
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In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the transaction, the director now owns 24,580 shares in the company, valued at $916,096.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the transaction, the senior vice president now owns 725 shares in the company, valued at approximately $28,717.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,982 shares of company stock worth $385,050. Corporate insiders own 1.28% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Centre Asset Management LLC boosted its holdings in Comcast Corporation by 21.0% in the third quarter. Centre Asset Management LLC now owns 256,970 shares of the cable giant’s stock worth $9,888,000 after acquiring an additional 44,550 shares in the last quarter. Curbstone Financial Management Corp boosted its holdings in Comcast Corporation by 104.2% in the third quarter. Curbstone Financial Management Corp now owns 28,904 shares of the cable giant’s stock worth $1,112,000 after acquiring an additional 14,752 shares in the last quarter. Bridges Investment Management Inc. boosted its holdings in Comcast Corporation by 1.0% in the third quarter. Bridges Investment Management Inc. now owns 165,447 shares of the cable giant’s stock worth $6,366,000 after acquiring an additional 1,570 shares in the last quarter. MPS Loria Financial Planners LLC bought a new position in Comcast Corporation in the second quarter worth approximately $107,000. Finally, Griffin Asset Management Inc. bought a new position in Comcast Corporation in the second quarter worth approximately $599,000. Institutional investors and hedge funds own 81.93% of the company’s stock.
Shares of Comcast Corporation (NASDAQ:CMCSA) traded down 0.89% during trading on Thursday, reaching $38.01. The company’s stock had a trading volume of 18,821,459 shares. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The company’s 50 day moving average price is $38.94 and its 200 day moving average price is $39.22. The firm has a market cap of $179.16 billion, a PE ratio of 19.15 and a beta of 0.98.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a yield of 1.66%. Comcast Corporation’s payout ratio is currently 31.74%.
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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