Comcast (CMCSA) Scheduled to Post Earnings on Thursday

Comcast (NASDAQ:CMCSAGet Rating) is scheduled to post its quarterly earnings results before the market opens on Thursday, January 26th. Analysts expect Comcast to post earnings of $0.77 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Comcast (NASDAQ:CMCSAGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The cable giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.07. Comcast had a return on equity of 17.61% and a net margin of 4.46%. The firm had revenue of $29.85 billion during the quarter, compared to analyst estimates of $29.68 billion. On average, analysts expect Comcast to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Comcast Trading Down 1.3 %

Shares of CMCSA stock traded down $0.51 during mid-day trading on Tuesday, hitting $39.75. The company’s stock had a trading volume of 21,232,567 shares, compared to its average volume of 20,610,793. The company’s fifty day simple moving average is $36.12 and its 200-day simple moving average is $35.42. Comcast has a 52 week low of $28.39 and a 52 week high of $50.98. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $171.86 billion, a PE ratio of 34.57, a P/E/G ratio of 0.82 and a beta of 1.00.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Wednesday, January 4th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Tuesday, January 3rd. Comcast’s dividend payout ratio (DPR) is presently 93.91%.

Hedge Funds Weigh In On Comcast

Several institutional investors have recently bought and sold shares of CMCSA. Arrowstreet Capital Limited Partnership lifted its stake in Comcast by 62.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 15,271,853 shares of the cable giant’s stock valued at $715,028,000 after purchasing an additional 5,880,050 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Comcast by 535.8% in the first quarter. Renaissance Technologies LLC now owns 4,754,976 shares of the cable giant’s stock valued at $222,628,000 after purchasing an additional 4,007,100 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Comcast by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 28,406,328 shares of the cable giant’s stock valued at $1,329,985,000 after acquiring an additional 977,894 shares during the period. Sculptor Capital LP raised its holdings in Comcast by 25.6% during the 1st quarter. Sculptor Capital LP now owns 4,600,844 shares of the cable giant’s stock valued at $215,412,000 after acquiring an additional 938,356 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Comcast by 29.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,063,697 shares of the cable giant’s stock valued at $190,261,000 after acquiring an additional 928,627 shares during the period. Hedge funds and other institutional investors own 82.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on CMCSA shares. Morgan Stanley decreased their target price on Comcast from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, October 13th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 2nd. Citigroup boosted their target price on Comcast to $38.00 in a research report on Tuesday, November 1st. Daiwa Capital Markets decreased their target price on Comcast to $36.00 in a research report on Tuesday, November 1st. Finally, Cowen decreased their target price on Comcast from $51.00 to $49.00 in a research report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus target price of $45.27.

Comcast Company Profile

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Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Earnings History for Comcast (NASDAQ:CMCSA)

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