Comcast (CMCSA) to Release Earnings on Thursday

Comcast (NASDAQ:CMCSA) is projected to announce its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.88 per share and revenue of $31.63 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. 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

NASDAQ:CMCSA opened at $37.55 on Wednesday. The stock has a 50 day moving average price of $39.21 and a 200 day moving average price of $40.18. The stock has a market cap of $143.69 billion, a PE ratio of 10.09, a P/E/G ratio of 1.35 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast has a one year low of $36.15 and a one year high of $47.11.

Insider Buying and Selling at Comcast

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday, November 6th. Macquarie reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a research note on Monday, January 6th. Barclays boosted their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Morgan Stanley downgraded shares of Comcast from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $48.00 to $45.00 in a research note on Monday, December 16th. Finally, Benchmark reaffirmed a “buy” rating and set a $60.00 price objective on shares of Comcast in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.33.

Comcast Company Profile

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.