$0.76 EPS Expected for Comcast Co. (NASDAQ:CMCSA) This Quarter

Wall Street analysts expect Comcast Co. (NASDAQ:CMCSA) to post earnings per share of $0.76 for the current quarter, according to Zacks. Fifteen analysts have issued estimates for Comcast’s earnings, with estimates ranging from $0.70 to $0.92. Comcast reported earnings per share of $0.65 during the same quarter last year, which would indicate a positive year over year growth rate of 16.9%. The business is scheduled to issue its next earnings report on Thursday, November 4th.

According to Zacks, analysts expect that Comcast will report full year earnings of $3.14 per share for the current year, with EPS estimates ranging from $2.86 to $3.54. For the next fiscal year, analysts expect that the company will post earnings of $3.84 per share, with EPS estimates ranging from $3.65 to $4.68. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Comcast.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.17. The company had revenue of $28.55 billion during the quarter, compared to analyst estimates of $27.14 billion. Comcast had a net margin of 11.44% and a return on equity of 14.15%.

CMCSA has been the subject of a number of analyst reports. HSBC raised their price objective on shares of Comcast from $56.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, May 24th. Redburn Partners initiated coverage on shares of Comcast in a research note on Friday, June 25th. They set a “buy” rating and a $70.00 price objective for the company. Wells Fargo & Company set a $57.55 price objective on shares of Comcast and gave the company a “sell” rating in a research note on Monday, July 19th. Truist raised their price target on shares of Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 30th. Finally, Morgan Stanley raised their price target on shares of Comcast from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, July 30th. One investment analyst has rated the stock with a sell rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $64.93.

NASDAQ:CMCSA traded up $0.28 on Thursday, reaching $57.28. 18,539,891 shares of the stock traded hands, compared to its average volume of 16,482,773. The company has a market capitalization of $262.90 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.20 and a beta of 1.02. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.04. Comcast has a 12 month low of $40.97 and a 12 month high of $61.80. The company’s fifty day simple moving average is $58.86 and its 200 day simple moving average is $57.00.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 27th. Stockholders of record on Wednesday, October 6th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, October 5th. Comcast’s dividend payout ratio is currently 38.31%.

Several institutional investors and hedge funds have recently modified their holdings of CMCSA. Warren Averett Asset Management LLC increased its position in Comcast by 2.5% during the second quarter. Warren Averett Asset Management LLC now owns 7,005 shares of the cable giant’s stock worth $416,000 after buying an additional 171 shares during the period. Grandfield & Dodd LLC increased its position in Comcast by 1.3% during the second quarter. Grandfield & Dodd LLC now owns 13,882 shares of the cable giant’s stock worth $790,000 after buying an additional 174 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its position in Comcast by 0.6% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 29,178 shares of the cable giant’s stock worth $1,579,000 after buying an additional 175 shares during the period. Valley Brook Capital Group increased its position in Comcast by 1.4% during the first quarter. Valley Brook Capital Group now owns 13,225 shares of the cable giant’s stock worth $715,000 after buying an additional 178 shares during the period. Finally, Summit X LLC increased its position in Comcast by 0.6% during the first quarter. Summit X LLC now owns 30,062 shares of the cable giant’s stock worth $1,628,000 after buying an additional 178 shares during the period. 82.49% of the stock is owned by hedge funds and other institutional investors.

About Comcast

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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Earnings History and Estimates for Comcast (NASDAQ:CMCSA)

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