$22.60 Billion in Sales Expected for Comcast Co. (CMCSA) This Quarter
Analysts expect Comcast Co. (NASDAQ:CMCSA) to announce sales of $22.60 billion for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have provided estimates for Comcast’s earnings, with the highest sales estimate coming in at $23.24 billion and the lowest estimate coming in at $21.58 billion. Comcast posted sales of $20.46 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.5%. The company is expected to announce its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Comcast will report full year sales of $22.60 billion for the current fiscal year, with estimates ranging from $88.27 billion to $90.29 billion. For the next fiscal year, analysts expect that the company will post sales of $91.75 billion per share, with estimates ranging from $90.67 billion to $93.59 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Comcast.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.89 earnings per share.
In other news, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the sale, the executive vice president now directly owns 71,664 shares in the company, valued at approximately $2,858,676.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the sale, the chairman now owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 915,605 shares of company stock valued at $35,906,374. 1.28% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Garde Capital Inc. bought a new stake in Comcast during the 4th quarter valued at $206,000. Chemical Bank raised its holdings in Comcast by 34.8% during the 4th quarter. Chemical Bank now owns 23,878 shares of the cable giant’s stock valued at $956,000 after buying an additional 6,162 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Comcast by 4.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 201,689 shares of the cable giant’s stock valued at $8,078,000 after buying an additional 8,105 shares during the last quarter. Fairfield Bush & CO. raised its holdings in Comcast by 40.7% during the 4th quarter. Fairfield Bush & CO. now owns 26,973 shares of the cable giant’s stock valued at $1,080,000 after buying an additional 7,800 shares during the last quarter. Finally, Colonial Trust Advisors raised its holdings in Comcast by 46.2% during the 4th quarter. Colonial Trust Advisors now owns 139,985 shares of the cable giant’s stock valued at $5,607,000 after buying an additional 44,255 shares during the last quarter. Hedge funds and other institutional investors own 83.59% of the company’s stock.
Comcast (NASDAQ CMCSA) traded down $0.33 on Wednesday, hitting $36.10. 4,330,000 shares of the stock traded hands, compared to its average volume of 28,740,000. The stock has a market capitalization of $167,640.00, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. Comcast has a 52-week low of $34.78 and a 52-week high of $44.00.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, April 3rd. This is a positive change from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 2.11%. Comcast’s payout ratio is presently 30.00%.
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Comcast Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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