Comcast (CMCSA) Scheduled to Post Quarterly Earnings on Thursday

Comcast (NASDAQ:CMCSA) is set to issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $1.06 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same period in the prior year, the company earned $1.13 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. On average, analysts expect Comcast to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $41.55 on Thursday. The company has a 50-day simple moving average of $40.44 and a 200-day simple moving average of $39.45. Comcast has a one year low of $36.43 and a one year high of $47.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market capitalization of $163.03 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.10 and a beta of 1.01.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Pivotal Research lowered their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Barclays lowered their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. KeyCorp lowered their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $45.58.

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.