Comcast (CMCSK) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS
Comcast (NASDAQ:CMCSK) released its earnings data on Tuesday. The company reported $0.66 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.69 by $0.03, AmericanBankingNews.com reports.
Comcast (NASDAQ:CMCSK) traded up 1.24% on Tuesday, hitting $51.37. The stock had a trading volume of 2,815,899 shares. Comcast has a 1-year low of $36.52 and a 1-year high of $52.51. The stock’s 50-day moving average is $49.64 and its 200-day moving average is $45.28. The company has a market cap of $134.4 billion and a P/E ratio of 21.15.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of 0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.77%.
CMCSK has been the subject of a number of recent research reports. Analysts at Morgan Stanley upgraded shares of Comcast to an “overweight” rating in a research note to investors on Wednesday, January 15th. On a related note, analysts at JPMorgan Chase & Co. reiterated a “buy” rating on shares of Comcast in a research note to investors on Friday, November 15th. They now have a $59.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Comcast from $50.00 to $53.00 in a research note to investors on Friday, November 15th. They now have an “overweight” rating on the stock. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Comcast has an average rating of “Buy” and an average target price of $53.12.
Comcast Corporation (NASDAQ:CMCSK) is a provider of entertainment, information and communications products and services.
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