Comcast Co. (CMCSA) Expected to Post Quarterly Sales of $22.55 Billion
Analysts predict that Comcast Co. (NASDAQ:CMCSA) will report $22.55 billion in sales for the current fiscal quarter, Zacks reports. Thirteen analysts have issued estimates for Comcast’s earnings, with the lowest sales estimate coming in at $21.58 billion and the highest estimate coming in at $23.01 billion. Comcast reported sales of $20.46 billion in the same quarter last year, which would suggest a positive year over year growth rate of 10.2%. The company is scheduled to report its next quarterly earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Comcast will report full year sales of $22.55 billion for the current fiscal year, with estimates ranging from $88.27 billion to $91.09 billion. For the next financial year, analysts forecast that the firm will post sales of $91.71 billion per share, with estimates ranging from $90.67 billion to $93.73 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Comcast.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The firm had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. During the same period last year, the business earned $0.89 EPS. Comcast’s revenue for the quarter was up 4.2% compared to the same quarter last year.
Shares of Comcast (NASDAQ:CMCSA) traded up $0.38 during trading hours on Thursday, reaching $38.57. 31,157,715 shares of the company traded hands, compared to its average volume of 25,190,000. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $180,270.00, a price-to-earnings ratio of 8.07, a P/E/G ratio of 1.48 and a beta of 1.04. Comcast has a 12-month low of $34.78 and a 12-month high of $44.00.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be issued a $0.19 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 1.97%. Comcast’s payout ratio is presently 13.18%.
In related news, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephen B. Burke sold 190,756 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the sale, the executive vice president now directly owns 1,214,811 shares in the company, valued at approximately $51,641,615.61. The disclosure for this sale can be found here. In the last three months, insiders have sold 784,158 shares of company stock worth $31,070,439. 1.28% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Connecticut Wealth Management LLC lifted its holdings in shares of Comcast by 0.4% in the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after purchasing an additional 24 shares in the last quarter. Clarius Group LLC lifted its holdings in shares of Comcast by 0.4% in the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after purchasing an additional 32 shares in the last quarter. GM Advisory Group Inc. lifted its holdings in shares of Comcast by 0.9% in the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after purchasing an additional 48 shares in the last quarter. McKinley Carter Wealth Services Inc. lifted its holdings in shares of Comcast by 0.9% in the second quarter. McKinley Carter Wealth Services Inc. now owns 9,192 shares of the cable giant’s stock valued at $358,000 after purchasing an additional 81 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its position in shares of Comcast by 0.5% in the second quarter. Flagship Harbor Advisors LLC now owns 18,506 shares of the cable giant’s stock valued at $712,000 after buying an additional 93 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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