Wall Street analysts expect that Comcast Co. (NASDAQ:CMCSA) will announce earnings per share (EPS) of $0.76 for the current quarter, Zacks Investment Research reports. Fourteen analysts have provided estimates for Comcast’s earnings, with the highest EPS estimate coming in at $0.83 and the lowest estimate coming in at $0.70. Comcast posted earnings per share of $0.65 during the same quarter last year, which indicates a positive year-over-year growth rate of 16.9%. The company is scheduled to report its next quarterly earnings results on Thursday, October 24th.

On average, analysts expect that Comcast will report full-year earnings of $3.09 per share for the current fiscal year, with EPS estimates ranging from $2.89 to $3.26. For the next financial year, analysts anticipate that the business will report earnings of $3.40 per share, with EPS estimates ranging from $3.16 to $3.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Comcast.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The business had revenue of $26.86 billion for the quarter, compared to analysts’ expectations of $27.08 billion. During the same period in the previous year, the firm earned $0.65 EPS. The business’s quarterly revenue was up 23.6% on a year-over-year basis.

Several equities research analysts have recently issued reports on the company. Goldman Sachs Group raised Comcast from a “neutral” rating to a “buy” rating and raised their price objective for the company from $44.00 to $54.00 in a research note on Wednesday, July 10th. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research note on Thursday, September 5th. Macquarie assumed coverage on Comcast in a research note on Wednesday, June 19th. They issued a “buy” rating and a $50.00 price objective for the company. Pivotal Research reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Comcast in a research note on Wednesday, June 26th. Finally, Guggenheim raised Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price target for the company in a research note on Thursday, May 30th. Five investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $46.97.

CMCSA stock traded up $0.74 during midday trading on Monday, hitting $47.14. The stock had a trading volume of 752,349 shares, compared to its average volume of 18,368,066. The firm has a market cap of $210.98 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 1.26 and a beta of 1.08. The business has a 50-day moving average of $43.82 and a two-hundred day moving average of $42.27. Comcast has a 52-week low of $32.61 and a 52-week high of $46.69. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.69 and a quick ratio of 0.69.

In related news, Director Kenneth J. Bacon sold 4,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total transaction of $180,120.00. Following the completion of the transaction, the director now directly owns 29,603 shares of the company’s stock, valued at approximately $1,333,023.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel C. Murdock sold 848 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total value of $37,507.04. Following the transaction, the senior vice president now directly owns 3,419 shares of the company’s stock, valued at $151,222.37. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMCSA. Clean Yield Group purchased a new stake in shares of Comcast in the 1st quarter valued at about $25,000. Krane Funds Advisors LLC purchased a new stake in Comcast during the 2nd quarter valued at approximately $25,000. Evolution Wealth Advisors LLC purchased a new stake in Comcast during the 2nd quarter valued at approximately $26,000. Mackey Komara & Dankovich LLC purchased a new stake in Comcast during the 1st quarter valued at approximately $27,000. Finally, Bray Capital Advisors purchased a new stake in Comcast during the 2nd quarter valued at approximately $30,000. 82.63% of the stock is owned by hedge funds and other institutional investors.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Earnings History and Estimates for Comcast (NASDAQ:CMCSA)

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