Comcast (NASDAQ:CMCSA – Get Free Report) posted its quarterly earnings data on Thursday. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06, Briefing.com reports. The business had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share.
Comcast Stock Up 1.3 %
CMCSA traded up $0.51 during trading on Friday, hitting $38.38. 16,079,675 shares of the company’s stock traded hands, compared to its average volume of 20,780,719. The stock has a market capitalization of $152.44 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 0.98 and a beta of 0.98. The company’s 50 day simple moving average is $41.64 and its two-hundred day simple moving average is $42.61. Comcast has a 12-month low of $36.43 and a 12-month high of $47.46. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14.
Insider Transactions at Comcast
In related news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.18% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Comcast
About Comcast
Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.
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