Equities research analysts expect that Comcast Co. (NASDAQ:CMCSA) will announce $29.83 billion in sales for the current fiscal quarter, according to Zacks. Thirteen analysts have issued estimates for Comcast’s earnings, with the highest sales estimate coming in at $32.72 billion and the lowest estimate coming in at $29.10 billion. Comcast posted sales of $27.71 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.7%. The company is scheduled to issue its next earnings results before the market opens on Thursday, January 27th.
On average, analysts expect that Comcast will report full-year sales of $115.89 billion for the current year, with estimates ranging from $115.14 billion to $118.77 billion. For the next year, analysts anticipate that the business will post sales of $122.93 billion, with estimates ranging from $117.62 billion to $130.47 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Comcast.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 28th. The cable giant reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.12. The company had revenue of $30.30 billion for the quarter, compared to the consensus estimate of $29.87 billion. Comcast had a net margin of 12.73% and a return on equity of 14.88%. Comcast’s revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 earnings per share.
CMCSA has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of Comcast from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Monday, November 1st. Wells Fargo & Company reduced their price target on shares of Comcast from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, October 8th. BNP Paribas initiated coverage on shares of Comcast in a research report on Monday, September 27th. They issued an “outperform” rating and a $72.00 price objective on the stock. TD Securities cut their price objective on shares of Comcast from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, October 29th. Finally, UBS Group cut their price objective on shares of Comcast from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $63.88.
Shares of CMCSA stock opened at $50.22 on Thursday. The company’s fifty day simple moving average is $51.10 and its 200-day simple moving average is $55.23. The company has a market cap of $229.45 billion, a PE ratio of 16.20, a P/E/G ratio of 1.05 and a beta of 0.94. Comcast has a 52 week low of $46.29 and a 52 week high of $61.80. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.05.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 26th. Shareholders of record on Wednesday, January 5th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, January 4th. Comcast’s dividend payout ratio is presently 32.26%.
Large investors have recently bought and sold shares of the stock. Nordea Investment Management AB lifted its holdings in Comcast by 94.2% during the third quarter. Nordea Investment Management AB now owns 34,813,980 shares of the cable giant’s stock worth $1,978,130,000 after buying an additional 16,883,869 shares during the period. FMR LLC grew its position in Comcast by 12.0% during the 2nd quarter. FMR LLC now owns 112,683,895 shares of the cable giant’s stock worth $6,425,236,000 after purchasing an additional 12,066,751 shares during the period. Viking Global Investors LP acquired a new stake in Comcast during the 3rd quarter worth about $569,179,000. Capital Research Global Investors lifted its stake in Comcast by 5.7% in the 3rd quarter. Capital Research Global Investors now owns 143,483,719 shares of the cable giant’s stock valued at $8,025,044,000 after buying an additional 7,794,333 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Comcast by 27.4% in the 2nd quarter. Invesco Ltd. now owns 34,835,280 shares of the cable giant’s stock valued at $1,986,305,000 after buying an additional 7,499,137 shares in the last quarter. Institutional investors own 82.48% 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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