Comcast (NASDAQ:CMCSA) Posts Earnings Results, Beats Estimates By $0.06 EPS

Comcast (NASDAQ:CMCSA) announced its quarterly earnings data on Thursday. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06, Briefing.com reports. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter in the prior year, the company posted $1.08 EPS. The business’s revenue was up 6.5% on a year-over-year basis.

Comcast Stock Performance

CMCSA traded up $0.48 during midday trading on Friday, reaching $44.15. The company had a trading volume of 12,643,504 shares, compared to its average volume of 19,619,795. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The business has a 50-day moving average of $40.73 and a two-hundred day moving average of $39.55. The company has a market cap of $170.97 billion, a P/E ratio of 11.73, a P/E/G ratio of 1.11 and a beta of 1.01. Comcast has a 1 year low of $36.43 and a 1 year high of $47.11.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is currently 32.98%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CMCSA shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Pivotal Research decreased their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $47.75 to $48.00 in a report on Friday. Barclays decreased their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Finally, Macquarie reissued a “neutral” rating and set a $40.00 price objective on shares of Comcast in a report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average price target of $45.80.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.