Comcast (CMCSA) to Release Quarterly Earnings on Thursday

Comcast (NASDAQ:CMCSA) will likely be posting its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Comcast to post earnings of $0.88 per share and revenue of $31,623,017.46 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. On average, analysts expect Comcast to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Comcast Trading Up 0.4 %

NASDAQ:CMCSA opened at $37.11 on Thursday. The business’s 50-day simple moving average is $39.67 and its 200-day simple moving average is $40.18. Comcast has a fifty-two week low of $36.15 and a fifty-two week high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $142.00 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. Loop Capital dropped their target price on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Finally, KeyCorp raised their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $47.33.

Insider Activity at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

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.