Comcast Co. (CMCSA) Expected to Announce Quarterly Sales of $26.96 Billion
Equities analysts expect Comcast Co. (NASDAQ:CMCSA) to announce sales of $26.96 billion for the current quarter, according to Zacks Investment Research. Thirteen analysts have made estimates for Comcast’s earnings, with the highest sales estimate coming in at $28.32 billion and the lowest estimate coming in at $22.15 billion. Comcast reported sales of $22.79 billion during the same quarter last year, which suggests a positive year over year growth rate of 18.3%. The company is expected to issue its next earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that Comcast will report full-year sales of $110.96 billion for the current financial year, with estimates ranging from $91.83 billion to $114.14 billion. For the next financial year, analysts anticipate that the business will post sales of $116.51 billion, with estimates ranging from $96.36 billion to $119.93 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Comcast.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The business had revenue of $27.85 billion during the quarter, compared to analyst estimates of $27.56 billion. During the same quarter in the prior year, the business posted $0.49 EPS. Comcast’s revenue for the quarter was up 26.1% compared to the same quarter last year.
In other Comcast news, EVP David N. Watson sold 201,007 shares of the firm’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $38.31, for a total value of $7,700,578.17. Following the completion of the sale, the executive vice president now owns 817,992 shares of the company’s stock, valued at $31,337,273.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 4,129 shares of the firm’s stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $33.80, for a total transaction of $139,560.20. Following the completion of the sale, the executive vice president now directly owns 67,912 shares of the company’s stock, valued at approximately $2,295,425.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 912,661 shares of company stock valued at $34,195,979. 1.31% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in CMCSA. Acima Private Wealth LLC bought a new stake in shares of Comcast during the fourth quarter valued at approximately $25,000. Litman Gregory Asset Management LLC bought a new stake in shares of Comcast during the fourth quarter valued at approximately $30,000. Ironwood Financial llc bought a new stake in shares of Comcast during the fourth quarter valued at approximately $32,000. IMS Capital Management bought a new stake in shares of Comcast during the third quarter valued at approximately $38,000. Finally, Nalls Sherbakoff Group LLC bought a new stake in shares of Comcast during the fourth quarter valued at approximately $46,000. 80.18% of the stock is owned by institutional investors and hedge funds.
CMCSA stock traded up $0.60 during trading on Tuesday, reaching $40.47. The company’s stock had a trading volume of 66,887,425 shares, compared to its average volume of 21,381,270. Comcast has a 1 year low of $30.43 and a 1 year high of $40.52. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $187.96 billion, a PE ratio of 15.87, a PEG ratio of 1.19 and a beta of 1.10.
The business 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 $0.21 dividend. The ex-dividend date is Tuesday, April 2nd. This represents a $0.84 annualized dividend and a yield of 2.08%. This is a positive change from Comcast’s previous quarterly dividend of $0.19. Comcast’s dividend payout ratio (DPR) is currently 29.80%.
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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