Comcast (NASDAQ:CMCSA) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, July 29th. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 29th. The cable giant reported $0.76 EPS for the quarter, topping the consensus estimate of $0.59 by $0.17. Comcast had a net margin of 11.25% and a return on equity of 13.75%. The company had revenue of $27.21 billion during the quarter, compared to analysts' expectations of $26.83 billion. During the same quarter in the previous year, the company earned $0.77 EPS. Comcast's revenue was up 2.2% on a year-over-year basis. On average, analysts expect Comcast to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of NASDAQ:CMCSA opened at $57.81 on Thursday. The firm has a market cap of $264.81 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The business's 50 day simple moving average is $56.94. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.96 and a current ratio of 0.96. Comcast has a one year low of $40.97 and a one year high of $59.11.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 28th. Investors of record on Wednesday, July 7th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Tuesday, July 6th. Comcast's dividend payout ratio is currently 38.31%.
A number of research analysts recently issued reports on CMCSA shares. Morgan Stanley boosted their price objective on shares of Comcast from $65.00 to $70.00 and gave the company an "overweight" rating in a report on Tuesday, June 29th. Redburn Partners started coverage on shares of Comcast in a report on Friday, June 25th. They issued a "buy" rating and a $70.00 price target for the company. Raymond James upped their price target on shares of Comcast from $63.00 to $65.00 and gave the company an "outperform" rating in a report on Friday, July 9th. Citigroup upped their price target on shares of Comcast from $59.00 to $62.00 in a report on Friday, April 9th. Finally, TD Securities upped their price target on shares of Comcast from $68.00 to $70.00 and gave the company a "buy" rating in a report on Friday, April 30th. One analyst has rated the stock with a sell rating and sixteen have assigned a buy rating to the stock. Comcast currently has an average rating of "Buy" and a consensus price target of $63.60.
In other Comcast news, CEO Brian L. Roberts sold 709,673 shares of the company's stock in a transaction on Friday, April 30th. The shares were sold at an average price of $55.20, for a total value of $39,173,949.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kenneth J. Bacon sold 3,966 shares of the company's stock in a transaction on Monday, May 10th. The shares were sold at an average price of $58.83, for a total transaction of $233,319.78. Following the completion of the transaction, the director now owns 33,611 shares in the company, valued at $1,977,335.13. The disclosure for this sale can be found here. Insiders have sold 717,670 shares of company stock worth $39,636,593 over the last ninety days. Insiders own 1.04% of the company's stock.
Comcast Company Profile
Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.
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