Wall Street analysts expect that Comcast Corporation (NASDAQ:CMCSA) will announce sales of $21.21 billion for the current fiscal quarter, Zacks Investment Research reports. Fifteen analysts have made estimates for Comcast Corporation’s earnings, with estimates ranging from $20.80 billion to $22.38 billion. Comcast Corporation posted sales of $21.32 billion in the same quarter last year, which suggests a negative year over year growth rate of 0.5%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that Comcast Corporation will report full year sales of $21.21 billion for the current financial year, with estimates ranging from $84.28 billion to $85.41 billion. For the next fiscal year, analysts expect that the firm will post sales of $90.18 billion per share, with estimates ranging from $88.17 billion to $91.72 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Comcast Corporation.

Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The business had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. During the same period in the prior year, the business earned $0.83 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis.

Several equities research analysts have recently weighed in on CMCSA shares. Macquarie reissued a “buy” rating and set a $45.00 price objective on shares of Comcast Corporation in a research note on Tuesday, May 16th. Jefferies Group LLC reissued a “buy” rating and set a $47.00 price objective (up from $43.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Instinet reissued a “buy” rating and set a $43.00 price objective (down from $46.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Deutsche Bank AG reissued a “buy” rating and set a $47.00 price objective (up from $44.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Finally, Wunderlich raised their price objective on Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Comcast Corporation presently has a consensus rating of “Buy” and an average price target of $45.69.

Shares of Comcast Corporation (CMCSA) opened at 40.63 on Thursday. The stock has a market capitalization of $191.50 billion, a P/E ratio of 20.47 and a beta of 1.01. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The stock has a 50 day moving average price of $39.52 and a 200 day moving average price of $38.63.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.55%. Comcast Corporation’s payout ratio is presently 31.74%.

In related news, Director Kenneth J. Bacon sold 7,500 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the transaction, the director now directly owns 26,812 shares in the company, valued at $1,085,886. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Daniel C. Murdock sold 3,659 shares of the business’s 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 transaction, the senior vice president now owns 725 shares in the company, valued at $28,717.25. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.

A number of institutional investors have recently modified their holdings of CMCSA. Sheaff Brock Investment Advisors LLC raised its position in shares of Comcast Corporation by 12.0% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 19,136 shares of the cable giant’s stock valued at $745,000 after buying an additional 2,052 shares in the last quarter. LSV Asset Management raised its position in shares of Comcast Corporation by 37.1% in the second quarter. LSV Asset Management now owns 2,134,200 shares of the cable giant’s stock valued at $83,063,000 after buying an additional 577,900 shares in the last quarter. Marvin & Palmer Associates Inc. raised its position in shares of Comcast Corporation by 29.9% in the second quarter. Marvin & Palmer Associates Inc. now owns 105,640 shares of the cable giant’s stock valued at $4,112,000 after buying an additional 24,300 shares in the last quarter. Fiduciary Trust Co. raised its position in shares of Comcast Corporation by 14.8% in the second quarter. Fiduciary Trust Co. now owns 330,088 shares of the cable giant’s stock valued at $12,847,000 after buying an additional 42,437 shares in the last quarter. Finally, Veritas Investment Management LLP raised its position in shares of Comcast Corporation by 6.0% in the second quarter. Veritas Investment Management LLP now owns 1,763,544 shares of the cable giant’s stock valued at $68,646,000 after buying an additional 99,653 shares in the last quarter. Hedge funds and other institutional investors own 82.32% of the company’s stock.

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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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Earnings History and Estimates for Comcast Corporation (NASDAQ:CMCSA)

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