Analysts Expect Comcast Co. (CMCSA) to Announce $0.47 Earnings Per Share

Equities research analysts forecast that Comcast Co. (NASDAQ:CMCSA) will post earnings of $0.47 per share for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have provided estimates for Comcast’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.45. Comcast posted earnings per share of $0.45 in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.4%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, January 24th.

On average, analysts expect that Comcast will report full-year earnings of $2.05 per share for the current financial year, with EPS estimates ranging from $2.01 to $2.09. For the next financial year, analysts anticipate that the firm will report earnings of $2.26 per share, with EPS estimates ranging from $2.07 to $2.65. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Comcast.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share.

CMCSA has been the topic of several research reports. Macquarie restated a “buy” rating and set a $40.00 price target on shares of Comcast in a report on Thursday, December 7th. Buckingham Research initiated coverage on Comcast in a report on Monday, November 20th. They set a “buy” rating and a $48.00 price target on the stock. Robert W. Baird restated a “buy” rating and set a $43.00 price target on shares of Comcast in a report on Friday, November 17th. Moffett Nathanson restated a “buy” rating on shares of Comcast in a report on Monday, October 16th. Finally, Nomura reduced their price target on Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $46.83.

In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the transaction, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at $2,858,676.96. The disclosure for this sale can be found here. Insiders sold 593,402 shares of company stock worth $22,961,401 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. MPS Loria Financial Planners LLC acquired a new position in shares of Comcast during the second quarter worth approximately $107,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Comcast during the third quarter worth approximately $104,000. Clear Perspective Advisors LLC raised its position in shares of Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after purchasing an additional 1,362 shares during the period. First Bank & Trust raised its position in shares of Comcast by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after purchasing an additional 1,302 shares during the period. Finally, Willingdon Wealth Management acquired a new position in shares of Comcast during the third quarter worth approximately $133,000. 82.20% of the stock is currently owned by hedge funds and other institutional investors.

Comcast (NASDAQ:CMCSA) opened at $42.50 on Friday. The company has a market capitalization of $195,597.31, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.81 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. Comcast has a 52 week low of $34.78 and a 52 week high of $42.71.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s payout ratio is presently 30.36%.

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Comcast 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 (NASDAQ:CMCSA)

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