Comcast Corporation (CMCSA) to Release Quarterly Earnings on Thursday
Comcast Corporation (NASDAQ:CMCSA) will be announcing its earnings results before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of $0.48 per share for the quarter.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $20.85 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. Comcast Corporation’s quarterly revenue was up 9.8% on a year-over-year basis. On average, analysts expect Comcast Corporation to post $2.05 EPS for the current fiscal year and $2.24 EPS for the next fiscal year.
Comcast Corporation (CMCSA) opened at 36.20 on Thursday. The company’s 50 day moving average is $38.08 and its 200 day moving average is $39.21. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The stock has a market cap of $170.62 billion, a PE ratio of 18.24 and a beta of 0.98.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.74%. Comcast Corporation’s payout ratio is 31.74%.
In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the sale, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of Comcast Corporation stock in a transaction that occurred on 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 owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The disclosure for this sale can be found here. Insiders sold a total of 9,982 shares of company stock valued at $385,050 over the last quarter. 1.28% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Clear Perspective Advisors LLC lifted its stake in Comcast Corporation by 100.1% during the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 1,362 shares during the period. Krilogy Financial LLC lifted its stake in Comcast Corporation by 99.9% during the 2nd quarter. Krilogy Financial LLC now owns 5,460 shares of the cable giant’s stock valued at $212,000 after acquiring an additional 2,728 shares during the period. Tower Research Capital LLC TRC lifted its stake in Comcast Corporation by 618.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,477 shares of the cable giant’s stock valued at $213,000 after acquiring an additional 4,715 shares during the period. Highland Private Wealth Management lifted its stake in Comcast Corporation by 3.1% during the 2nd quarter. Highland Private Wealth Management now owns 7,156 shares of the cable giant’s stock valued at $278,000 after acquiring an additional 214 shares during the period. Finally, Optimum Investment Advisors lifted its stake in Comcast Corporation by 28.1% during the 2nd quarter. Optimum Investment Advisors now owns 7,263 shares of the cable giant’s stock valued at $283,000 after acquiring an additional 1,591 shares during the period. Institutional investors and hedge funds own 81.84% of the company’s stock.
A number of research analysts have commented on the stock. KeyCorp reissued a “neutral” rating on shares of Comcast Corporation in a research report on Sunday, September 17th. UBS AG reissued an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Argus raised their target price on shares of 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 target price on shares of Comcast Corporation and gave the company a “buy” rating in a research report on Friday, July 14th. Finally, Robert W. Baird reissued a “buy” rating and set a $43.00 target price 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 assigned a buy rating to the company. Comcast Corporation currently has an average rating of “Buy” and a consensus target price of $45.83.
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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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