KeyCorp Comments on Comcast Co.’s Q1 2018 Earnings (CMCSA)

Comcast Co. (NASDAQ:CMCSA) – Equities researchers at KeyCorp increased their Q1 2018 earnings per share estimates for shares of Comcast in a note issued to investors on Sunday. KeyCorp analyst A. Hargreaves now expects that the cable giant will post earnings of $0.60 per share for the quarter, up from their previous forecast of $0.51. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Comcast’s Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $0.64 EPS, Q1 2019 earnings at $0.61 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.67 EPS and FY2019 earnings at $2.58 EPS.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $21.05 billion. During the same quarter last year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year.

Other research analysts also recently issued research reports about the company. Pivotal Research reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Comcast in a research note on Tuesday, December 19th. Macquarie reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Comcast in a research note on Thursday, December 7th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Comcast in a research note on Monday, October 23rd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, October 18th. Finally, Moffett Nathanson reaffirmed a “buy” rating on shares of Comcast in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $46.83.

Comcast (NASDAQ CMCSA) opened at $42.89 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. Comcast has a 12 month low of $34.78 and a 12 month high of $42.92. The company has a market capitalization of $200,460.00, a PE ratio of 20.23, a PEG ratio of 1.84 and a beta of 1.00.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio is presently 29.72%.

In other news, EVP Arthur R. Block sold 3,937 shares of Comcast stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the transaction, the executive vice president now owns 65,946 shares in the company, valued at approximately $2,678,726.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of Comcast 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 completion of the transaction, the chairman now 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. Insiders have sold a total of 593,402 shares of company stock valued at $22,961,401 in the last 90 days. 1.28% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. MPS Loria Financial Planners LLC purchased a new position in shares of Comcast in the 2nd quarter worth approximately $107,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Comcast in the 3rd quarter worth approximately $104,000. Clear Perspective Advisors LLC boosted its holdings in shares of Comcast by 100.1% in the 2nd 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 boosted its holdings in shares of Comcast by 84.9% in the 2nd 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 purchased a new position in shares of Comcast in the 3rd quarter worth approximately $133,000. Hedge funds and other institutional investors own 82.26% of the company’s stock.

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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.

Earnings History and Estimates for Comcast (NASDAQ:CMCSA)

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