Comcast (NASDAQ:CMCSA) Releases Earnings Results, Beats Estimates By $0.06 EPS

Comcast (NASDAQ:CMCSA) announced its earnings results on Thursday. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06, Briefing.com reports. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 EPS.

Comcast Price Performance

Shares of Comcast stock traded down $0.11 on Friday, hitting $43.56. The company’s stock had a trading volume of 24,472,262 shares, compared to its average volume of 19,678,301. The firm has a fifty day moving average price of $40.73 and a 200-day moving average price of $39.55. Comcast has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a market capitalization of $168.69 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.85%. Comcast’s dividend payout ratio is presently 32.98%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CMCSA. Benchmark reaffirmed a “buy” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $47.75 to $48.00 in a research note on Friday. Barclays dropped their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Macquarie reissued a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research note on Friday. Finally, StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.44.

About Comcast

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.