Wall Street analysts forecast that Comcast Co. (NASDAQ:CMCSA) will announce sales of $22.55 billion for the current quarter, Zacks reports. Thirteen analysts have issued estimates for Comcast’s earnings, with the highest sales estimate coming in at $23.01 billion and the lowest estimate coming in at $21.58 billion. Comcast reported sales of $20.46 billion in the same quarter last year, which indicates a positive year over year growth rate of 10.2%. The company is expected to issue its next earnings results on Thursday, April 26th.
On average, analysts expect that Comcast will report full-year sales of $22.55 billion for the current fiscal year, with estimates ranging from $88.27 billion to $91.09 billion. For the next fiscal year, analysts anticipate that the business will post sales of $91.71 billion per share, with estimates ranging from $90.67 billion to $93.73 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Comcast.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS.
Comcast (CMCSA) opened at $40.15 on Thursday. The firm has a market cap of $184,247.58, a PE ratio of 19.26, a price-to-earnings-growth ratio of 1.52 and a beta of 1.04. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86. Comcast has a fifty-two week low of $34.78 and a fifty-two week high of $44.00.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 1.89%. This is a positive change from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio (DPR) is currently 13.21%.
In other Comcast news, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the sale, the executive vice president now owns 65,946 shares in the company, valued at $2,678,726.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction that occurred on 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 sale, the chairman now owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Insiders sold 784,158 shares of company stock worth $31,070,439 in the last 90 days. Company insiders own 1.28% of the company’s stock.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Comcast 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. Bank of New York Mellon Corp lifted its holdings in shares of Comcast 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. Dimensional Fund Advisors LP lifted its holdings in shares of Comcast by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock worth $2,041,312,000 after purchasing an additional 432,491 shares during the period. Capital International Investors lifted its holdings in shares of Comcast by 23.3% during the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after purchasing an additional 6,467,802 shares during the period. Finally, Veritas Asset Management LLP lifted its holdings in shares of Comcast by 3.7% during the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock worth $1,277,358,000 after purchasing an additional 1,189,200 shares during the period. Institutional investors own 82.15% 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.
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