Analysts Expect Comcast Co. (NASDAQ:CMCSA) to Announce $0.90 Earnings Per Share

Equities analysts expect Comcast Co. (NASDAQ:CMCSAGet Rating) to report earnings of $0.90 per share for the current quarter, Zacks Investment Research reports. Fourteen analysts have made estimates for Comcast’s earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.86. Comcast reported earnings of $0.84 per share during the same quarter last year, which would indicate a positive year over year growth rate of 7.1%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

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

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

Several brokerages recently issued reports on CMCSA. Barclays dropped their price target on Comcast from $56.00 to $48.00 in a research report on Friday, April 29th. JPMorgan Chase & Co. reduced their target price on Comcast from $60.00 to $52.00 in a research note on Friday, April 29th. Cowen increased their price target on Comcast from $60.00 to $64.00 in a research note on Friday, January 28th. Morgan Stanley dropped their price objective on Comcast from $60.00 to $55.00 in a report on Friday, April 29th. Finally, Truist Financial downgraded Comcast from a “buy” rating to a “hold” rating and lowered their price target for the company from $70.00 to $50.00 in a report on Tuesday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $59.26.

NASDAQ CMCSA traded up $0.03 during trading on Friday, reaching $44.16. 18,073,506 shares of the company’s stock were exchanged, compared to its average volume of 23,683,275. The company has a 50 day moving average price of $44.67 and a two-hundred day moving average price of $47.64. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.86 and a current ratio of 0.86. Comcast has a 1 year low of $39.47 and a 1 year high of $61.80. The stock has a market cap of $200.19 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 6th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Tuesday, July 5th. Comcast’s payout ratio is 34.84%.

In related news, CEO David N. Watson sold 65,410 shares of the business’s stock in a transaction on Friday, March 11th. The shares were sold at an average price of $45.69, for a total transaction of $2,988,582.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.35% of the company’s stock.

Several hedge funds have recently made changes to their positions in CMCSA. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Comcast in the third quarter valued at approximately $26,000. AHL Investment Management Inc. bought a new stake in Comcast in the fourth quarter valued at $30,000. Sandy Cove Advisors LLC bought a new stake in shares of Comcast during the 4th quarter valued at $31,000. Core Alternative Capital boosted its holdings in shares of Comcast by 86.9% during the 4th quarter. Core Alternative Capital now owns 684 shares of the cable giant’s stock valued at $34,000 after buying an additional 318 shares in the last quarter. Finally, Rise Advisors LLC bought a new stake in shares of Comcast during the 4th quarter valued at $36,000. Institutional investors own 83.33% of the company’s stock.

Comcast Company Profile (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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