Comcast (NASDAQ:CMCSA – Get Rating) is scheduled to post its quarterly earnings results before the market opens on Thursday, January 26th. Analysts expect Comcast to post earnings of $0.77 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Comcast (NASDAQ:CMCSA – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The cable giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.07. Comcast had a return on equity of 17.61% and a net margin of 4.46%. The firm had revenue of $29.85 billion during the quarter, compared to analyst estimates of $29.68 billion. On average, analysts expect Comcast to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Comcast Trading Down 1.3 %
Shares of CMCSA stock traded down $0.51 during mid-day trading on Tuesday, hitting $39.75. The company’s stock had a trading volume of 21,232,567 shares, compared to its average volume of 20,610,793. The company’s fifty day simple moving average is $36.12 and its 200-day simple moving average is $35.42. Comcast has a 52 week low of $28.39 and a 52 week high of $50.98. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $171.86 billion, a PE ratio of 34.57, a P/E/G ratio of 0.82 and a beta of 1.00.
Comcast Dividend Announcement
Hedge Funds Weigh In On Comcast
Several institutional investors have recently bought and sold shares of CMCSA. Arrowstreet Capital Limited Partnership lifted its stake in Comcast by 62.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 15,271,853 shares of the cable giant’s stock valued at $715,028,000 after purchasing an additional 5,880,050 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Comcast by 535.8% in the first quarter. Renaissance Technologies LLC now owns 4,754,976 shares of the cable giant’s stock valued at $222,628,000 after purchasing an additional 4,007,100 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Comcast by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 28,406,328 shares of the cable giant’s stock valued at $1,329,985,000 after acquiring an additional 977,894 shares during the period. Sculptor Capital LP raised its holdings in Comcast by 25.6% during the 1st quarter. Sculptor Capital LP now owns 4,600,844 shares of the cable giant’s stock valued at $215,412,000 after acquiring an additional 938,356 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Comcast by 29.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,063,697 shares of the cable giant’s stock valued at $190,261,000 after acquiring an additional 928,627 shares during the period. Hedge funds and other institutional investors own 82.23% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently commented on CMCSA shares. Morgan Stanley decreased their target price on Comcast from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, October 13th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 2nd. Citigroup boosted their target price on Comcast to $38.00 in a research report on Tuesday, November 1st. Daiwa Capital Markets decreased their target price on Comcast to $36.00 in a research report on Tuesday, November 1st. Finally, Cowen decreased their target price on Comcast from $51.00 to $49.00 in a research report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus target price of $45.27.
Comcast Company Profile
Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.
- Get a free copy of the StockNews.com research report on Comcast (CMCSA)
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