Comcast (NASDAQ:CMCSA – Get Free Report) announced its quarterly earnings data on Tuesday. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09, Briefing.com reports. The firm had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.20% and a net margin of 12.46%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.13 EPS.
Comcast Price Performance
Shares of Comcast stock traded up $0.66 during midday trading on Thursday, hitting $38.75. 6,339,919 shares of the company were exchanged, compared to its average volume of 20,417,613. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $152.04 billion, a P/E ratio of 10.08, a PEG ratio of 0.96 and a beta of 1.00. Comcast has a 52 week low of $36.43 and a 52 week high of $47.46. The firm has a 50 day simple moving average of $38.55 and a 200-day simple moving average of $40.71.
Comcast Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a dividend yield of 3.20%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on CMCSA
Insider Buying and Selling
In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares in the company, valued at approximately $6,380,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.26% of the stock is owned by corporate insiders.
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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