Analysts expect that Comcast Co. (NASDAQ:CMCSA) will post earnings per share of $0.62 for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Comcast’s earnings, with estimates ranging from $0.57 to $0.64. Comcast posted earnings of $0.49 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 26.5%. The company is expected to announce its next earnings report on Wednesday, January 23rd.
According to Zacks, analysts expect that Comcast will report full year earnings of $2.54 per share for the current fiscal year, with EPS estimates ranging from $2.41 to $2.61. For the next fiscal year, analysts anticipate that the company will post earnings of $2.77 per share, with EPS estimates ranging from $2.56 to $3.04. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Comcast.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. The company had revenue of $22.14 billion for the quarter, compared to the consensus estimate of $21.75 billion. Comcast had a return on equity of 15.79% and a net margin of 27.33%.
CMCSA has been the subject of several recent analyst reports. Pivotal Research reissued a “buy” rating on shares of Comcast in a report on Friday, August 10th. ValuEngine raised shares of Comcast from a “strong sell” rating to a “sell” rating in a report on Monday, September 17th. UBS Group lowered shares of Comcast from an “outperform” rating to a “market perform” rating in a report on Monday, September 24th. Oppenheimer reaffirmed a “market perform” rating and issued a $42.00 price target on shares of Comcast in a report on Monday, September 24th. Finally, Moffett Nathanson reaffirmed a “neutral” rating and issued a $36.00 price target on shares of Comcast in a report on Monday, September 24th. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $44.61.
In other news, EVP Arthur R. Block sold 1,082 shares of Comcast stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $35.94, for a total value of $38,887.08. Following the transaction, the executive vice president now directly owns 62,476 shares of the company’s stock, valued at $2,245,387.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 6,448 shares of Comcast stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the transaction, the executive vice president now directly owns 74,644 shares in the company, valued at $2,648,369.12. The disclosure for this sale can be found here. 1.31% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. lifted its stake in Comcast by 76.7% in the second quarter. Alps Advisors Inc. now owns 27,363 shares of the cable giant’s stock valued at $1,096,000 after acquiring an additional 11,878 shares during the last quarter. Kovack Advisors Inc. purchased a new stake in shares of Comcast in the second quarter worth approximately $343,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Comcast by 5.6% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,715,731 shares of the cable giant’s stock worth $121,913,000 after buying an additional 197,926 shares during the period. Integrated Investment Consultants LLC raised its holdings in shares of Comcast by 13.7% in the second quarter. Integrated Investment Consultants LLC now owns 13,154 shares of the cable giant’s stock worth $432,000 after buying an additional 1,584 shares during the period. Finally, TCW Group Inc. raised its holdings in shares of Comcast by 0.9% in the second quarter. TCW Group Inc. now owns 4,634,328 shares of the cable giant’s stock worth $152,053,000 after buying an additional 42,958 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ CMCSA traded down $0.47 during trading hours on Friday, hitting $37.41. 19,530,697 shares of the company were exchanged, compared to its average volume of 18,464,842. The stock has a market capitalization of $175.93 billion, a P/E ratio of 18.16, a PEG ratio of 1.19 and a beta of 0.92. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18. Comcast has a 52 week low of $30.43 and a 52 week high of $44.00.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.03%. Comcast’s payout ratio is currently 36.89%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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