Brokerages Anticipate Comcast Co. (CMCSA) Will Post Quarterly Sales of $21.81 Billion

Equities research analysts expect that Comcast Co. (NASDAQ:CMCSA) will announce sales of $21.81 billion for the current quarter, according to Zacks Investment Research. Fourteen analysts have issued estimates for Comcast’s earnings, with estimates ranging from $21.34 billion to $21.95 billion. Comcast reported sales of $21.03 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 3.7%. The company is expected to issue its next earnings results before the market opens on Wednesday, January 24th.

According to Zacks, analysts expect that Comcast will report full-year sales of $21.81 billion for the current fiscal year, with estimates ranging from $83.95 billion to $84.64 billion. For the next year, analysts forecast that the firm will report sales of $89.38 billion per share, with estimates ranging from $87.06 billion to $91.09 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Comcast.

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

Several research firms recently issued reports on CMCSA. Nomura reaffirmed a “neutral” rating and issued a $42.00 price objective (down from $45.00) on shares of Comcast in a research report on Thursday. Scotiabank set a $52.00 price objective on Comcast and gave the company a “buy” rating in a research report on Friday. Moffett Nathanson reaffirmed a “buy” rating and issued a $52.00 price objective (up from $45.00) on shares of Comcast in a research report on Thursday. TD Securities cut Comcast from an “action list buy” rating to a “buy” rating and upped their price objective for the company from $42.60 to $51.00 in a research report on Friday, January 12th. Finally, Instinet cut Comcast from a “buy” rating to a “neutral” rating and upped their price objective for the company from $42.00 to $45.00 in a research report on Thursday. One equities 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’s stock. The company has an average rating of “Buy” and an average target price of $46.83.

Comcast (NASDAQ CMCSA) traded up $0.65 during mid-day trading on Monday, reaching $42.50. The company had a trading volume of 23,591,600 shares, compared to its average volume of 20,313,563. The company has a market cap of $198,680.00, a PE ratio of 20.05, a PEG ratio of 1.84 and a beta of 1.00. Comcast has a fifty-two week low of $34.78 and a fifty-two week high of $42.71. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.48%. Comcast’s payout ratio is 29.72%.

In related news, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction dated 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 owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the transaction, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 593,402 shares of company stock valued at $22,961,401. Company insiders own 1.28% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of The West increased its position in shares of Comcast by 4.5% during the second quarter. Bank of The West now owns 268,587 shares of the cable giant’s stock worth $10,454,000 after acquiring an additional 11,470 shares during the period. Union Bankshares Corp increased its position in shares of Comcast by 1.2% during the second quarter. Union Bankshares Corp now owns 8,743 shares of the cable giant’s stock worth $340,000 after acquiring an additional 101 shares during the period. Northstar Group Inc. increased its position in shares of Comcast by 11.2% during the second quarter. Northstar Group Inc. now owns 9,228 shares of the cable giant’s stock worth $359,000 after acquiring an additional 930 shares during the period. Trust Co. of Vermont increased its position in shares of Comcast by 7.1% during the second quarter. Trust Co. of Vermont now owns 105,320 shares of the cable giant’s stock worth $4,099,000 after acquiring an additional 7,008 shares during the period. Finally, Cullinan Associates Inc. increased its position in shares of Comcast by 6.5% during the second quarter. Cullinan Associates Inc. now owns 316,113 shares of the cable giant’s stock worth $12,303,000 after acquiring an additional 19,269 shares during the period. 82.26% of the stock is owned by institutional investors and hedge funds.

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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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