Comcast (NASDAQ:CMCSA - Get Free Report) is expected to be announcing its Q4 2024 earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.88 per share and revenue of $31.63 billion for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. On average, analysts expect Comcast to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Comcast Stock Performance
Shares of CMCSA stock traded up $0.41 during mid-day trading on Friday, reaching $33.66. 38,425,285 shares of the company's stock traded hands, compared to its average volume of 25,992,168. Comcast has a 12 month low of $32.50 and a 12 month high of $47.11. The firm has a 50 day moving average price of $38.80 and a two-hundred day moving average price of $40.11. The firm has a market capitalization of $128.80 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 1.36 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.
Analysts Set New Price Targets
CMCSA has been the subject of a number of analyst reports. Evercore ISI upgraded Comcast to a "strong-buy" rating in a research report on Thursday, November 21st. TD Cowen decreased their target price on shares of Comcast from $50.00 to $48.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Bank of America lowered shares of Comcast from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $50.00 to $38.00 in a research report on Friday. Pivotal Research raised their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group dropped their target price on shares of Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a report on Friday. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $45.00.
Check Out Our Latest Stock Report on Comcast
Insider Buying and Selling at Comcast
In related news, President Michael J. Cavanagh sold 25,537 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares of the company's stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the company's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.
About Comcast
(
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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.
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