Comcast (CMCSA) Projected to Post 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 $31,623,017.46 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 posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the prior year, the firm posted $1.08 EPS. The company’s quarterly 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 Price Performance

Shares of NASDAQ CMCSA opened at $37.11 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $142.00 billion, a PE ratio of 9.98, a P/E/G ratio of 1.33 and a beta of 1.01. The firm has a fifty day simple moving average of $39.67 and a 200 day simple moving average of $40.18. Comcast has a twelve month low of $36.15 and a twelve month high of $47.11.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CMCSA shares. Morgan Stanley downgraded Comcast from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $48.00 to $45.00 in a research note on Monday, December 16th. Macquarie reissued a “neutral” rating and issued a $42.00 price target on shares of Comcast in a research note on Monday, January 6th. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, TD Cowen reduced their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. One research 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. According to MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $47.33.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated 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 transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast 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 transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

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.