Comcast (NASDAQ:CMCSA) Issues Earnings Results

Comcast (NASDAQ:CMCSA) issued its earnings results on Thursday. The cable giant reported $1.04 EPS 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%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share.

Comcast Trading Up 1.8 %

Comcast stock opened at $38.57 on Friday. 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 stock has a market cap of $153.19 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. The stock has a 50-day moving average of $41.58 and a two-hundred day moving average of $42.57. Comcast has a one year low of $36.43 and a one year high of $47.46.

Analysts Set New Price Targets

CMCSA has been the topic of several research reports. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Friday. Wells Fargo & Company dropped their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Friday. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.45.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction that occurred on 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. Insiders own 1.18% of the company’s stock.

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.