Q3 2017 Earnings Estimate for Comcast Corporation Issued By Oppenheimer Holdings (CMCSA)
Comcast Corporation (NASDAQ:CMCSA) – Equities research analysts at Oppenheimer Holdings increased their Q3 2017 EPS estimates for Comcast Corporation in a research report issued on Friday. Oppenheimer Holdings analyst T. Horan now expects that the cable giant will earn $0.49 per share for the quarter, up from their prior estimate of $0.48. Oppenheimer Holdings also issued estimates for Comcast Corporation’s Q4 2017 earnings at $0.50 EPS and FY2017 earnings at $2.04 EPS.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. During the same quarter last year, the firm posted $0.83 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis.
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Other analysts have also issued research reports about the stock. Instinet reiterated a “buy” rating and issued a $46.00 target price on shares of Comcast Corporation in a research note on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Comcast Corporation in a research note on Wednesday, June 28th. ValuEngine upgraded shares of Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. TD Securities began coverage on shares of Comcast Corporation in a research note on Thursday, July 13th. They issued a “buy” rating and a $51.00 target price for the company. Finally, BidaskClub lowered shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $45.83.
Comcast Corporation (NASDAQ:CMCSA) opened at 37.8938 on Monday. The company has a market cap of $178.61 billion, a P/E ratio of 19.0901 and a beta of 1.01. The stock has a 50 day moving average of $39.84 and a 200-day moving average of $39.19. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.65%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the sale, the senior vice president now directly owns 725 shares of the company’s stock, valued at $28,717.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the sale, the director now directly owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. MPS Loria Financial Planners LLC purchased a new stake in Comcast Corporation in the second quarter valued at approximately $107,000. Patriot Financial Group Insurance Agency LLC raised its stake in Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after purchasing an additional 1,340 shares in the last quarter. Clear Perspective Advisors LLC raised its stake in Comcast Corporation by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares in the last quarter. First Bank & Trust raised its stake in Comcast Corporation by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after purchasing an additional 1,302 shares in the last quarter. Finally, Zions Bancorporation raised its stake in Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares in the last quarter. 81.93% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Corporation 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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