Comcast (CMCSA) Expected to Announce Quarterly Earnings on Thursday

Comcast (NASDAQ:CMCSA) is projected to release its earnings data before the market opens on Thursday, April 24th. Analysts expect Comcast to post earnings of $1.01 per share and revenue of $29.82 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, analysts expect Comcast to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Comcast Stock Down 2.5 %

CMCSA opened at $33.55 on Thursday. The company has a 50 day moving average of $35.55 and a 200 day moving average of $38.43. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast has a 12 month low of $32.20 and a 12 month high of $45.31. The company has a market cap of $126.85 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup dropped their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group cut their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 target price on the stock. in a research note on Thursday, April 10th. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Finally, Rosenblatt Securities decreased their price target on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Institutional Trading of Comcast

An institutional investor recently raised its position in Comcast stock. Brighton Jones LLC lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 150.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,265 shares of the cable giant’s stock after purchasing an additional 99,986 shares during the period. Brighton Jones LLC’s holdings in Comcast were worth $6,240,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 84.32% of the company’s stock.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.