Analysts forecast that Comcast Co. (NASDAQ:CMCSA) will report $27.20 billion in sales for the current quarter, according to Zacks Investment Research. Fourteen analysts have issued estimates for Comcast’s earnings. The highest sales estimate is $27.98 billion and the lowest is $26.66 billion. Comcast reported sales of $22.14 billion during the same quarter last year, which indicates a positive year over year growth rate of 22.9%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, October 24th.

According to Zacks, analysts expect that Comcast will report full-year sales of $109.68 billion for the current fiscal year, with estimates ranging from $108.50 billion to $111.99 billion. For the next year, analysts expect that the business will report sales of $115.42 billion, with estimates ranging from $112.32 billion to $118.31 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Comcast.

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

A number of brokerages have recently issued reports on CMCSA. Benchmark began coverage on shares of Comcast in a research report on Wednesday, September 25th. They set a “buy” rating and a $64.00 price objective for the company. ValuEngine downgraded shares of Comcast from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Goldman Sachs Group raised shares of Comcast from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $44.00 to $54.00 in a research report on Wednesday, July 10th. Bank of America set a $58.00 price objective on shares of Comcast and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Oppenheimer raised shares of Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $48.70.

Shares of CMCSA stock traded up $0.22 during mid-day trading on Friday, reaching $44.33. 418,890 shares of the company’s stock traded hands, compared to its average volume of 18,171,348. Comcast has a 12 month low of $32.61 and a 12 month high of $47.27. The firm has a 50 day moving average price of $45.05 and a two-hundred day moving average price of $43.11. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of $202.66 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Tuesday, October 1st. Comcast’s dividend payout ratio (DPR) is 32.94%.

In related news, SVP Daniel C. Murdock sold 848 shares of Comcast stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total transaction of $37,507.04. Following the transaction, the senior vice president now owns 3,419 shares in the company, valued at approximately $151,222.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kenneth J. Bacon sold 4,000 shares of Comcast stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $45.03, for a total transaction of $180,120.00. Following the transaction, the director now owns 29,603 shares in the company, valued at approximately $1,333,023.09. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Cerebellum GP LLC lifted its stake in Comcast by 25.1% in the 3rd quarter. Cerebellum GP LLC now owns 10,056 shares of the cable giant’s stock worth $453,000 after purchasing an additional 2,015 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its stake in Comcast by 5.3% in the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 102,297 shares of the cable giant’s stock worth $4,611,000 after purchasing an additional 5,162 shares in the last quarter. Douglass Winthrop Advisors LLC lifted its stake in Comcast by 1.6% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 77,692 shares of the cable giant’s stock worth $3,502,000 after purchasing an additional 1,261 shares in the last quarter. TIAA FSB lifted its stake in Comcast by 0.4% in the 3rd quarter. TIAA FSB now owns 429,956 shares of the cable giant’s stock worth $19,382,000 after purchasing an additional 1,516 shares in the last quarter. Finally, Gulf International Bank UK Ltd lifted its stake in Comcast by 1.6% in the 3rd quarter. Gulf International Bank UK Ltd now owns 1,081,272 shares of the cable giant’s stock worth $48,743,000 after purchasing an additional 16,787 shares in the last quarter. Institutional investors and hedge funds own 82.75% of the company’s stock.

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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