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

Comcast (NASDAQ:CMCSA) released its quarterly earnings results on Thursday. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06, Briefing.com reports. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm 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 business earned $1.08 EPS. Comcast’s quarterly revenue was up 6.5% compared to the same quarter last year.

Comcast Stock Down 0.2 %

Shares of CMCSA traded down $0.08 during midday trading on Friday, reaching $43.59. 17,882,275 shares of the stock were exchanged, compared to its average volume of 19,647,215. The company has a market cap of $168.80 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 1.11 and a beta of 1.01. The firm has a 50 day simple moving average of $40.73 and a 200-day simple moving average of $39.55. Comcast has a 12-month low of $36.43 and a 12-month high of $47.11. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.84%. Comcast’s payout ratio is 32.98%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Macquarie reissued a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a report on Friday. Barclays lowered their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Finally, KeyCorp increased their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $46.44.

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.