Equities research analysts expect Comcast Corporation (NASDAQ:CMCSA) to announce sales of $21.12 billion for the current quarter, Zacks reports. Fifteen analysts have provided estimates for Comcast Corporation’s earnings, with the lowest sales estimate coming in at $20.80 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 indicate a negative year-over-year growth rate of 0.9%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, October 26th.

According to Zacks, analysts expect that Comcast Corporation will report full year sales of $21.12 billion for the current fiscal year, with estimates ranging from $83.85 billion to $85.41 billion. For the next financial year, analysts anticipate that the business will report sales of $89.77 billion per share, with estimates ranging from $87.69 billion to $90.78 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Comcast Corporation.

Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $20.85 billion. During the same period in the previous year, the firm earned $0.83 EPS. Comcast Corporation’s revenue was up 9.8% on a year-over-year basis.

CMCSA has been the topic of a number of analyst reports. Pivotal Research reiterated a “buy” rating and issued a $48.00 price target on shares of Comcast Corporation in a research report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. Instinet reiterated a “buy” rating and issued a $46.00 price target on shares of Comcast Corporation in a research report on Wednesday, June 28th. Wells Fargo & Company reiterated an “outperform” rating and issued a $44.00 price target on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, Bank of America Corporation increased their price target on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $46.07.

In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the business’s 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 transaction, the senior vice president now directly owns 725 shares of the company’s stock, valued at $28,717.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now directly owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. Insiders sold 9,982 shares of company stock worth $385,050 over the last quarter. 1.28% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CMCSA. Vanguard Group Inc. raised its position in shares of Comcast Corporation by 2.8% during the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares during the period. State Street Corp raised its position in shares of 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 raised its position in shares of 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. raised its position in shares of 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. Finally, Bank of New York Mellon Corp raised its position in shares of Comcast Corporation by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock worth $2,218,587,000 after purchasing an additional 680,012 shares during the period. 81.82% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Corporation (CMCSA) traded down 0.44% during mid-day trading on Tuesday, hitting $36.39. 11,620,169 shares of the company were exchanged. The stock has a market cap of $171.52 billion, a P/E ratio of 18.33 and a beta of 0.98. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The company has a 50 day moving average of $37.74 and a 200 day moving average of $39.20.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.72%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is presently 31.74%.

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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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Earnings History and Estimates for Comcast Corporation (NASDAQ:CMCSA)

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