Comcast Co. (CMCSA) Expected to Announce Quarterly Sales of $21.81 Billion

Wall Street brokerages expect Comcast Co. (NASDAQ:CMCSA) to report $21.81 billion in sales for the current quarter, according to Zacks. Fourteen analysts have issued estimates for Comcast’s earnings. The lowest sales estimate is $21.34 billion and the highest is $21.95 billion. Comcast posted sales of $21.03 billion in the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, January 24th.

On average, analysts expect that Comcast will report full year sales of $21.81 billion for the current financial year, with estimates ranging from $83.95 billion to $84.64 billion. For the next year, analysts forecast that the firm will post sales of $89.38 billion per share, with estimates ranging from $87.06 billion to $91.09 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Comcast.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 EPS.

CMCSA has been the subject of a number of recent research reports. Moffett Nathanson reaffirmed a “buy” rating on shares of Comcast in a report on Monday, October 16th. OTR Global cut Comcast to a “positive” rating in a research note on Monday, October 30th. Evercore ISI reaffirmed an “outperform” rating and set a $48.00 target price (up previously from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Buckingham Research assumed coverage on Comcast in a research note on Monday, November 20th. They set a “buy” rating and a $48.00 target price for the company. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $49.00 price target on shares of Comcast in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $46.83.

Comcast (NASDAQ CMCSA) traded up $0.65 during trading hours on Monday, hitting $42.50. The stock had a trading volume of 23,591,600 shares, compared to its average volume of 20,313,563. The company has a market cap of $198,680.00, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 1.84 and a beta of 1.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast has a 1 year low of $34.78 and a 1 year high of $42.71.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, January 2nd. Comcast’s payout ratio is currently 29.72%.

In other Comcast news, EVP Arthur R. Block sold 3,937 shares of Comcast stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the transaction, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the transaction, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. In the last three months, insiders sold 593,402 shares of company stock valued at $22,961,401. 1.28% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of CMCSA. MPS Loria Financial Planners LLC purchased a new stake in shares of Comcast during the second quarter worth about $107,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Comcast during the third quarter worth about $104,000. Clear Perspective Advisors LLC increased its stake in shares of Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after purchasing an additional 1,362 shares in the last quarter. First Bank & Trust increased its stake in shares of Comcast by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after purchasing an additional 1,302 shares in the last quarter. Finally, Willingdon Wealth Management purchased a new stake in shares of Comcast during the third quarter worth about $133,000. Institutional investors own 82.26% of the company’s stock.

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About Comcast

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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