Analysts expect that Comcast Co. (NASDAQ:CMCSA – Get Rating) will post earnings of $0.90 per share for the current fiscal quarter, according to Zacks. Fourteen analysts have provided estimates for Comcast’s earnings, with the lowest EPS estimate coming in at $0.86 and the highest estimate coming in at $0.94. Comcast reported earnings of $0.84 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.1%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Comcast will report full-year earnings of $3.55 per share for the current financial year, with EPS estimates ranging from $3.27 to $3.69. For the next fiscal year, analysts expect that the company will post earnings of $3.96 per share, with EPS estimates ranging from $3.53 to $4.19. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Comcast.
Comcast (NASDAQ:CMCSA – Get Rating) last released its earnings results on Thursday, April 28th. The cable giant reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. The company had revenue of $31.01 billion during the quarter, compared to the consensus estimate of $30.40 billion. Comcast had a return on equity of 15.92% and a net margin of 11.96%. Comcast’s revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS.
In other news, CEO David N. Watson sold 65,410 shares of the business’s stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $45.69, for a total value of $2,988,582.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.35% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Childress Capital Advisors LLC raised its stake in Comcast by 1.5% during the 3rd quarter. Childress Capital Advisors LLC now owns 12,400 shares of the cable giant’s stock valued at $693,000 after acquiring an additional 188 shares in the last quarter. Summit Financial Strategies Inc. increased its position in shares of Comcast by 3.2% during the 3rd quarter. Summit Financial Strategies Inc. now owns 6,191 shares of the cable giant’s stock valued at $346,000 after purchasing an additional 190 shares during the period. Tranquilli Financial Advisor LLC increased its position in shares of Comcast by 3.0% during the 3rd quarter. Tranquilli Financial Advisor LLC now owns 6,778 shares of the cable giant’s stock valued at $379,000 after purchasing an additional 198 shares during the period. Oakworth Capital Inc. increased its position in shares of Comcast by 5.4% during the 3rd quarter. Oakworth Capital Inc. now owns 3,913 shares of the cable giant’s stock valued at $219,000 after purchasing an additional 200 shares during the period. Finally, Boltwood Capital Management increased its position in shares of Comcast by 0.7% during the 4th quarter. Boltwood Capital Management now owns 28,300 shares of the cable giant’s stock valued at $1,424,000 after purchasing an additional 200 shares during the period. 83.33% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ CMCSA traded up $0.09 during trading on Friday, hitting $41.48. The stock had a trading volume of 29,683,734 shares, compared to its average volume of 28,019,254. The company has a market capitalization of $188.04 billion, a PE ratio of 13.38, a PEG ratio of 0.85 and a beta of 0.97. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.02. The firm has a 50 day moving average price of $45.28 and a 200 day moving average price of $48.37. Comcast has a twelve month low of $39.47 and a twelve month high of $61.80.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 6th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Tuesday, July 5th. Comcast’s dividend payout ratio is currently 34.84%.
Comcast Company Profile (Get Rating)
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.
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