Comcast (NASDAQ:CMCSA) posted its quarterly earnings results on Thursday. The cable giant reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.14, MarketWatch Earnings reports. The firm had revenue of $23.72 billion during the quarter, compared to the consensus estimate of $23.56 billion. Comcast had a return on equity of 16.66% and a net margin of 10.91%. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share.
NASDAQ:CMCSA opened at $42.80 on Friday. The firm has a market capitalization of $195.34 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.92 and a beta of 0.97. The stock has a 50 day moving average of $40.51 and a 200-day moving average of $40.20. Comcast has a 52 week low of $31.70 and a 52 week high of $47.74. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, October 6th. Comcast’s payout ratio is currently 29.39%.
A number of research analysts have commented on CMCSA shares. BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a research note on Tuesday, July 28th. Wells Fargo & Co boosted their price objective on Comcast from $42.00 to $47.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Sanford C. Bernstein upgraded Comcast from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $48.00 to $52.00 in a research note on Wednesday, July 1st. UBS Group reduced their price objective on Comcast from $49.00 to $41.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Finally, Oppenheimer restated a “hold” rating on shares of Comcast in a research note on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the stock. Comcast has an average rating of “Buy” and an average price target of $48.38.
In other news, CAO Daniel C. Murdock sold 4,536 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $38.60, for a total transaction of $175,089.60. Following the completion of the transaction, the chief accounting officer now directly owns 10,085 shares of the company’s stock, valued at $389,281. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.35% of the stock is currently owned by corporate insiders.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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