Brokerages predict that Comcast Co. (NASDAQ:CMCSA) will announce earnings per share (EPS) of $0.66 for the current quarter, Zacks reports. Fourteen analysts have made estimates for Comcast’s earnings, with estimates ranging from $0.59 to $0.75. Comcast reported earnings per share of $0.69 in the same quarter last year, which suggests a negative year-over-year growth rate of 4.3%. The firm is expected to announce its next earnings report on Thursday, July 29th.
According to Zacks, analysts expect that Comcast will report full year earnings of $2.99 per share for the current fiscal year, with EPS estimates ranging from $2.78 to $3.36. For the next year, analysts anticipate that the business will post earnings of $3.77 per share, with EPS estimates ranging from $3.48 to $4.29. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Comcast.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 29th. The cable giant reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.17. Comcast had a return on equity of 13.75% and a net margin of 11.25%. The firm had revenue of $27.21 billion for the quarter, compared to analysts’ expectations of $26.83 billion. During the same quarter last year, the firm posted $0.77 EPS. The company’s revenue was up 2.2% compared to the same quarter last year.
Shares of NASDAQ CMCSA traded up $0.33 during trading hours on Thursday, reaching $56.59. 710,495 shares of the stock traded hands, compared to its average volume of 17,914,914. The stock has a market cap of $259.22 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.37 and a beta of 1.02. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.96 and a quick ratio of 0.96. Comcast has a 52-week low of $37.77 and a 52-week high of $59.11. The business’s 50-day moving average is $55.65.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 28th. Stockholders of record on Wednesday, July 7th will be given a $0.25 dividend. The ex-dividend date is Tuesday, July 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.77%. Comcast’s dividend payout ratio is currently 38.31%.
In other news, Director Kenneth J. Bacon sold 4,031 shares of the business’s stock in a transaction on Friday, June 4th. The stock was sold at an average price of $56.89, for a total value of $229,323.59. Following the completion of the transaction, the director now owns 29,580 shares in the company, valued at $1,682,806.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth J. Bacon sold 3,966 shares of the business’s stock in a transaction on Monday, May 10th. The stock was sold at an average price of $58.83, for a total value of $233,319.78. Following the completion of the transaction, the director now owns 33,611 shares of the company’s stock, valued at approximately $1,977,335.13. The disclosure for this sale can be found here. Insiders have sold 717,670 shares of company stock worth $39,636,593 over the last 90 days. 1.04% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. KB Financial Partners LLC purchased a new position in shares of Comcast in the first quarter worth $478,000. Proquility Private Wealth Partners LLC bought a new stake in shares of Comcast in the first quarter worth $1,141,000. Prentice Wealth Management LLC bought a new stake in shares of Comcast in the first quarter worth $263,000. Sierra Capital LLC bought a new stake in shares of Comcast in the first quarter worth $180,000. Finally, Warren Averett Asset Management LLC grew its holdings in Comcast by 42.6% during the first quarter. Warren Averett Asset Management LLC now owns 6,834 shares of the cable giant’s stock valued at $376,000 after purchasing an additional 2,041 shares during the period. Hedge funds and other institutional investors own 82.98% of the company’s stock.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.
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