Comcast (NASDAQ:CMCSA) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Comcast (NASDAQ:CMCSAGet Rating) posted its quarterly earnings data on Thursday. The cable giant reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.06, MarketWatch Earnings reports. Comcast had a return on equity of 15.61% and a net margin of 12.17%. The firm had revenue of $31.01 billion during the quarter, compared to the consensus estimate of $30.40 billion. During the same period in the prior year, the company earned $0.76 EPS. The firm’s revenue was up 14.0% compared to the same quarter last year.

Shares of NASDAQ CMCSA opened at $41.70 on Friday. The firm has a market capitalization of $189.04 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 1.00 and a beta of 0.92. Comcast has a fifty-two week low of $40.76 and a fifty-two week high of $61.80. The stock’s 50-day simple moving average is $46.62 and its 200-day simple moving average is $49.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.85 and a current ratio of 0.85.

Several research analysts recently commented on the company. TD Securities increased their price objective on Comcast from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, January 28th. Pivotal Research dropped their target price on Comcast from $62.00 to $57.00 in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their target price on Comcast from $62.00 to $60.00 in a report on Friday. Barclays dropped their target price on Comcast from $56.00 to $48.00 in a report on Friday. Finally, Cowen upped their target price on Comcast from $60.00 to $64.00 in a report on Friday, January 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $60.44.

In other Comcast news, CEO David N. Watson sold 65,410 shares of Comcast stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $45.69, for a total transaction of $2,988,582.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.35% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. Morgan Stanley grew its holdings in Comcast by 10.9% during the second quarter. Morgan Stanley now owns 40,850,065 shares of the cable giant’s stock worth $2,329,271,000 after acquiring an additional 3,998,777 shares during the period. Keudell Morrison Wealth Management grew its holdings in Comcast by 1.5% during the third quarter. Keudell Morrison Wealth Management now owns 27,615 shares of the cable giant’s stock worth $1,545,000 after acquiring an additional 411 shares during the period. Bank of New York Mellon Corp grew its holdings in Comcast by 3.2% during the third quarter. Bank of New York Mellon Corp now owns 45,683,521 shares of the cable giant’s stock worth $2,555,079,000 after acquiring an additional 1,428,356 shares during the period. Founders Capital Management LLC grew its holdings in Comcast by 236.7% during the fourth quarter. Founders Capital Management LLC now owns 43,214 shares of the cable giant’s stock worth $2,175,000 after acquiring an additional 30,380 shares during the period. Finally, Heritage Wealth Advisors grew its holdings in Comcast by 12.1% during the fourth quarter. Heritage Wealth Advisors now owns 386,620 shares of the cable giant’s stock worth $19,459,000 after acquiring an additional 41,654 shares during the period. Institutional investors own 82.58% of the company’s stock.

About Comcast (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.

See Also

Earnings History for Comcast (NASDAQ:CMCSA)

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