$0.66 Earnings Per Share Expected for Comcast Co. (NASDAQ:CMCSA) This Quarter

Brokerages expect Comcast Co. (NASDAQ:CMCSA) to report earnings per share (EPS) of $0.66 for the current fiscal quarter, Zacks reports. Fourteen analysts have provided estimates for Comcast’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.75. Comcast reported earnings of $0.69 per share in the same quarter last year, which would indicate a negative year over year growth rate of 4.3%. The company is expected to issue its next quarterly earnings report on Thursday, July 29th.

According to Zacks, analysts expect that Comcast will report full year earnings of $2.99 per share for the current fiscal year, with EPS estimates ranging from $2.78 to $3.36. For the next year, analysts forecast that the business will report earnings of $3.77 per share, with EPS estimates ranging from $3.48 to $4.29. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Comcast.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 29th. The cable giant reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.17. The business had revenue of $27.21 billion for the quarter, compared to analysts’ expectations of $26.83 billion. Comcast had a return on equity of 13.75% and a net margin of 11.25%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 EPS.

Several research analysts have recently weighed in on the company. Wells Fargo & Company assumed coverage on Comcast in a report on Tuesday, March 16th. They set an “underweight” rating and a $48.00 target price on the stock. Oppenheimer raised shares of Comcast from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research report on Friday, April 30th. Credit Suisse Group lifted their price target on shares of Comcast from $61.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, March 18th. Pivotal Research lifted their price target on shares of Comcast from $65.00 to $70.00 in a research report on Friday, April 30th. Finally, The Goldman Sachs Group lifted their price target on shares of Comcast from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, April 30th. One research analyst has rated the stock with a sell rating and sixteen have assigned a buy rating to the company’s stock. Comcast presently has a consensus rating of “Buy” and a consensus target price of $61.86.

Shares of Comcast stock traded up $0.33 on Thursday, hitting $56.59. 710,495 shares of the company were exchanged, compared to its average volume of 17,914,914. The stock has a market cap of $259.22 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02. The stock’s 50-day moving average is $55.65. Comcast has a 1-year low of $37.77 and a 1-year high of $59.11. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.11.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 28th. Investors of record on Wednesday, July 7th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, July 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.77%. Comcast’s payout ratio is currently 38.31%.

In related news, CEO Brian L. Roberts sold 709,673 shares of the business’s stock in a transaction on Friday, April 30th. The shares were sold at an average price of $55.20, for a total transaction of $39,173,949.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth J. Bacon sold 4,031 shares of the company’s stock in a transaction on Friday, June 4th. The shares were sold at an average price of $56.89, for a total transaction of $229,323.59. Following the completion of the transaction, the director now owns 29,580 shares of the company’s stock, valued at approximately $1,682,806.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 717,670 shares of company stock valued at $39,636,593. Insiders own 1.04% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Scotia Capital Inc. raised its holdings in shares of Comcast by 0.5% in the fourth quarter. Scotia Capital Inc. now owns 850,725 shares of the cable giant’s stock valued at $44,578,000 after buying an additional 3,924 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. raised its holdings in Comcast by 3.3% during the fourth quarter. Woodley Farra Manion Portfolio Management Inc. now owns 720,634 shares of the cable giant’s stock worth $37,761,000 after purchasing an additional 22,776 shares in the last quarter. Cannell Peter B & Co. Inc. raised its holdings in Comcast by 1.3% during the first quarter. Cannell Peter B & Co. Inc. now owns 585,979 shares of the cable giant’s stock worth $31,707,000 after purchasing an additional 7,567 shares in the last quarter. Prospera Financial Services Inc raised its holdings in Comcast by 4,551.5% during the fourth quarter. Prospera Financial Services Inc now owns 77,680 shares of the cable giant’s stock worth $4,069,000 after purchasing an additional 76,010 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. raised its holdings in Comcast by 2.2% during the first quarter. Penobscot Investment Management Company Inc. now owns 152,213 shares of the cable giant’s stock worth $8,236,000 after purchasing an additional 3,247 shares in the last quarter. Institutional investors own 82.98% of the company’s stock.

About Comcast

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, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.

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