Comcast (NASDAQ:CMCSA) Issues Quarterly Earnings Results

Comcast (NASDAQ:CMCSA) posted its quarterly earnings data on Thursday. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06, Briefing.com reports. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The company had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same period in the prior year, the business posted $0.92 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis.

Comcast Stock Performance

Shares of CMCSA stock traded up $0.58 on Friday, hitting $38.45. The company’s stock had a trading volume of 15,554,051 shares, compared to its average volume of 20,771,980. Comcast has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The company has a market capitalization of $152.72 billion, a PE ratio of 10.35, a PEG ratio of 0.98 and a beta of 0.98. The stock’s 50 day moving average is $41.64 and its 200-day moving average is $42.61. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of analyst reports. Scotiabank decreased their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday. BNP Paribas reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Friday. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Finally, Oppenheimer restated an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average target price of $49.45.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.18% 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.