Comcast Co. (NASDAQ:CMCSA) Expected to Announce Earnings of $0.90 Per Share

Brokerages expect Comcast Co. (NASDAQ:CMCSAGet Rating) to report $0.90 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Fourteen analysts have provided estimates for Comcast’s earnings, with estimates ranging from $0.86 to $0.94. Comcast reported earnings per share of $0.84 during the same quarter last year, which would suggest a positive year over year growth rate of 7.1%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Comcast will report full year earnings of $3.55 per share for the current year, with EPS estimates ranging from $3.27 to $3.69. For the next year, analysts expect that the firm will post earnings of $3.96 per share, with EPS estimates ranging from $3.53 to $4.19. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Comcast.

Comcast (NASDAQ:CMCSAGet Rating) last issued its earnings results on Thursday, April 28th. The cable giant reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. The firm had revenue of $31.01 billion during the quarter, compared to analysts’ expectations of $30.40 billion. Comcast had a return on equity of 15.92% and a net margin of 11.96%. Comcast’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the business earned $0.76 earnings per share.

A number of research analysts have issued reports on CMCSA shares. Oppenheimer cut their price objective on Comcast from $75.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, April 14th. Cowen lifted their price objective on Comcast from $60.00 to $64.00 in a report on Friday, January 28th. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the company from $67.00 to $50.00 in a report on Friday, April 29th. Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $62.00 to $60.00 in a report on Friday, April 29th. Finally, Royal Bank of Canada raised Comcast from a “sector perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a report on Monday, January 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $59.46.

CMCSA stock traded down $0.38 during midday trading on Friday, hitting $40.00. The stock had a trading volume of 36,594,672 shares, compared to its average volume of 23,971,292. The firm has a market capitalization of $181.33 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 0.88 and a beta of 0.97. The stock has a 50-day simple moving average of $45.90 and a 200 day simple moving average of $48.81. Comcast has a 52 week low of $39.47 and a 52 week high of $61.80. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.02.

In other Comcast news, CEO David N. Watson sold 65,410 shares of the firm’s stock in a transaction dated Friday, March 11th. The stock was sold at an average price of $45.69, for a total transaction of $2,988,582.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.35% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Childress Capital Advisors LLC lifted its stake in Comcast by 1.5% in the 3rd quarter. Childress Capital Advisors LLC now owns 12,400 shares of the cable giant’s stock valued at $693,000 after acquiring an additional 188 shares in the last quarter. Summit Financial Strategies Inc. lifted its stake in Comcast by 3.2% in the 3rd quarter. Summit Financial Strategies Inc. now owns 6,191 shares of the cable giant’s stock valued at $346,000 after acquiring an additional 190 shares in the last quarter. Tranquilli Financial Advisor LLC lifted its stake in Comcast by 3.0% in the 3rd quarter. Tranquilli Financial Advisor LLC now owns 6,778 shares of the cable giant’s stock valued at $379,000 after acquiring an additional 198 shares in the last quarter. Oakworth Capital Inc. lifted its stake in Comcast by 5.4% in the 3rd quarter. Oakworth Capital Inc. now owns 3,913 shares of the cable giant’s stock valued at $219,000 after acquiring an additional 200 shares in the last quarter. Finally, Boltwood Capital Management lifted its stake in Comcast by 0.7% in the 4th quarter. Boltwood Capital Management now owns 28,300 shares of the cable giant’s stock valued at $1,424,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 83.33% 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.

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