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

Comcast (NASDAQ:CMCSA - Get Free Report) posted its earnings results on Thursday. The cable giant reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.06, Briefing.com reports. The business had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. Comcast's revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 EPS.

Comcast Stock Up 1.8 %

Shares of Comcast stock traded up $0.70 during trading on Friday, hitting $38.57. The company's stock had a trading volume of 29,782,818 shares, compared to its average volume of 20,954,010. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The company has a fifty day simple moving average of $41.64 and a two-hundred day simple moving average of $42.61. The company has a market capitalization of $153.19 billion, a PE ratio of 10.35, a P/E/G ratio of 0.98 and a beta of 0.98. Comcast has a 52 week low of $36.43 and a 52 week high of $47.46.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CMCSA. Benchmark reaffirmed a "buy" rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Evercore ISI reissued an "outperform" rating and issued a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. Citigroup increased their price target on shares of Comcast from $51.00 to $53.00 and gave the stock a "buy" rating in a report on Tuesday, January 30th. Redburn Atlantic lowered shares of Comcast from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Finally, Scotiabank decreased their price target on shares of Comcast from $50.00 to $47.25 and set a "sector perform" rating on the stock in a report on Friday. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, Comcast currently has a consensus rating of "Moderate Buy" and an average target price of $49.45.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.18% of the stock is owned by company insiders.

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.