Analysts forecast that Comcast Co. (NASDAQ:CMCSA) will post sales of $21.79 billion for the current quarter, Zacks reports. Ten analysts have provided estimates for Comcast’s earnings, with the lowest sales estimate coming in at $21.56 billion and the highest estimate coming in at $21.99 billion. Comcast reported sales of $20.98 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.9%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, October 25th.

On average, analysts expect that Comcast will report full-year sales of $89.29 billion for the current year, with estimates ranging from $88.76 billion to $89.75 billion. For the next fiscal year, analysts forecast that the business will post sales of $91.29 billion, with estimates ranging from $90.40 billion to $91.95 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Comcast.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 26th. The cable giant reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Comcast had a return on equity of 15.92% and a net margin of 27.42%. The business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.85 billion. During the same period in the previous year, the business earned $0.52 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis.

Several research firms have commented on CMCSA. JPMorgan Chase & Co. began coverage on Comcast in a research note on Friday. They set an “overweight” rating and a $42.00 price objective for the company. Pivotal Research reaffirmed a “buy” rating and set a $48.00 price objective on shares of Comcast in a research note on Thursday, September 20th. TD Securities reduced their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, September 25th. KeyCorp upped their price objective on Comcast from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, September 26th. Finally, UBS Group downgraded Comcast from an “outperform” rating to a “market perform” rating in a research note on Monday, September 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $44.85.

Shares of Comcast stock traded up $0.95 on Friday, hitting $34.62. The stock had a trading volume of 31,255,567 shares, compared to its average volume of 25,329,504. Comcast has a 52-week low of $30.43 and a 52-week high of $44.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $164.46 billion, a P/E ratio of 16.81, a PEG ratio of 1.12 and a beta of 1.19.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 24th. Stockholders of record on Wednesday, October 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Tuesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 36.89%.

In other news, EVP Arthur R. Block sold 6,448 shares of the stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the transaction, the executive vice president now directly owns 74,644 shares of the company’s stock, valued at approximately $2,648,369.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Arthur R. Block sold 1,082 shares of the stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $35.94, for a total value of $38,887.08. Following the transaction, the executive vice president now directly owns 62,476 shares of the company’s stock, valued at $2,245,387.44. The disclosure for this sale can be found here. Corporate insiders own 1.31% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMCSA. WP Advisors LLC acquired a new stake in Comcast during the 2nd quarter valued at $105,000. Prentiss Smith & Co. Inc. grew its holdings in Comcast by 229.5% during the 2nd quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock valued at $108,000 after buying an additional 2,295 shares during the last quarter. IMA Wealth Inc. acquired a new stake in Comcast during the 2nd quarter valued at $108,000. Acropolis Investment Management LLC acquired a new stake in Comcast during the 3rd quarter valued at $126,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Comcast during the 2nd quarter valued at $129,000. Institutional investors and hedge funds own 80.15% 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, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

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Earnings History and Estimates for Comcast (NASDAQ:CMCSA)

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