Wall Street brokerages forecast that Comcast Corporation (NASDAQ:CMCSA) will report sales of $21.15 billion for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have issued estimates for Comcast Corporation’s earnings, with the lowest sales estimate coming in at $20.76 billion and the highest estimate coming in at $22.38 billion. Comcast Corporation reported sales of $21.32 billion in the same quarter last year, which would suggest a negative year over year growth rate of 0.8%. The company is expected to announce its next quarterly earnings results before the market opens on Thursday, October 26th.

According to Zacks, analysts expect that Comcast Corporation will report full-year sales of $21.15 billion for the current fiscal year, with estimates ranging from $84.28 billion to $85.41 billion. For the next fiscal year, analysts expect that the firm will report sales of $89.87 billion per share, with estimates ranging from $87.69 billion to $91.67 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Comcast Corporation.

Comcast Corporation (NASDAQ:CMCSA) last released 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 net margin of 11.45% and a return on equity of 16.80%. The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. During the same quarter last year, the business earned $0.83 earnings per share. Comcast Corporation’s quarterly revenue was up 9.8% compared to the same quarter last year.

CMCSA has been the topic of several recent research reports. KeyCorp reaffirmed a “neutral” rating on shares of Comcast Corporation in a research note on Sunday, September 17th. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a research note on Thursday, August 24th. Argus lifted their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $43.00 target price on shares of Comcast Corporation in a research note on Friday, September 1st. Three investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Comcast Corporation has an average rating of “Buy” and a consensus target price of $45.83.

In other Comcast Corporation news, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the sale, the senior vice president now owns 725 shares in the company, valued at $28,717.25. The disclosure for this sale can be found here. Insiders sold 9,982 shares of company stock worth $385,050 in the last ninety days. 1.28% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of CMCSA. State Street Corp increased its stake in Comcast Corporation by 97.6% during the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after purchasing an additional 98,570,377 shares during the period. Clearbridge Investments LLC increased its stake in Comcast Corporation by 97.6% during the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after purchasing an additional 48,147,456 shares during the period. Ameriprise Financial Inc. increased its stake in Comcast Corporation by 95.7% during the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after purchasing an additional 29,199,805 shares during the period. Bank of New York Mellon Corp increased its stake in Comcast Corporation by 103.1% during the first quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock worth $2,117,212,000 after purchasing an additional 28,597,277 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Comcast Corporation by 1,581.1% during the second quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock worth $1,097,544,000 after purchasing an additional 26,522,368 shares during the period. Institutional investors own 81.93% of the company’s stock.

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Comcast Corporation (CMCSA) opened at 38.59 on Thursday. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The firm’s 50-day moving average is $39.08 and its 200 day moving average is $39.22. The company has a market cap of $181.89 billion, a price-to-earnings ratio of 19.44 and a beta of 0.98.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be given a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.63%. 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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Earnings History and Estimates for Comcast Corporation (NASDAQ:CMCSA)

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