Brokerages Anticipate Comcast Co. (CMCSA) Will Announce Quarterly Sales of $27.30 Billion
Wall Street brokerages expect Comcast Co. (NASDAQ:CMCSA) to report sales of $27.30 billion for the current quarter, according to Zacks. Thirteen analysts have made estimates for Comcast’s earnings. The highest sales estimate is $27.94 billion and the lowest is $26.81 billion. Comcast posted sales of $22.79 billion during the same quarter last year, which would indicate a positive year over year growth rate of 19.8%. The company is expected to announce its next quarterly earnings results before the market opens on Thursday, April 25th.
On average, analysts expect that Comcast will report full-year sales of $112.45 billion for the current financial year, with estimates ranging from $111.94 billion to $114.14 billion. For the next financial year, analysts forecast that the company will report sales of $118.17 billion, with estimates ranging from $116.49 billion to $119.93 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Comcast.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The business had revenue of $27.85 billion during the quarter, compared to the consensus estimate of $27.56 billion. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The business’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 EPS.
In other Comcast news, EVP David L. Cohen sold 275,746 shares of the company’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $37.01, for a total value of $10,205,359.46. Following the completion of the sale, the executive vice president now directly owns 650,656 shares in the company, valued at approximately $24,080,778.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Daniel C. Murdock sold 845 shares of the company’s stock in a transaction on Thursday, January 24th. The shares were sold at an average price of $35.55, for a total value of $30,039.75. Following the completion of the sale, the senior vice president now owns 1,005 shares of the company’s stock, valued at $35,727.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,284,720 shares of company stock valued at $49,080,076. 1.31% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of CMCSA. Acima Private Wealth LLC acquired a new position in shares of Comcast in the 4th quarter valued at $25,000. Litman Gregory Asset Management LLC acquired a new position in Comcast during the 4th quarter worth about $30,000. Ironwood Financial llc acquired a new position in Comcast during the 4th quarter worth about $32,000. IMS Capital Management acquired a new position in Comcast during the 3rd quarter worth about $38,000. Finally, Nalls Sherbakoff Group LLC acquired a new position in Comcast during the 4th quarter worth about $46,000. Institutional investors own 81.14% of the company’s stock.
Shares of CMCSA stock traded down $0.04 during trading hours on Thursday, hitting $41.04. 8,462,515 shares of the company’s stock were exchanged, compared to its average volume of 19,957,637. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $190.80 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.17 and a beta of 1.10. Comcast has a fifty-two week low of $30.43 and a fifty-two week high of $41.28.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.05%. This is a boost from Comcast’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s payout ratio is presently 32.94%.
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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