Comcast (CMCSA) to Release Quarterly Earnings on Thursday

Comcast (NASDAQ:CMCSA - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Comcast to post earnings of $0.88 per share and revenue of $31.63 billion for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 EPS. On average, analysts expect Comcast to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Comcast Stock Performance

CMCSA traded down $0.68 during trading on Tuesday, hitting $37.55. 17,895,195 shares of the company traded hands, compared to its average volume of 22,524,033. The firm has a market cap of $143.69 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast has a one year low of $36.15 and a one year high of $47.11. The stock's fifty day moving average is $39.21 and its 200 day moving average is $40.18.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares of the company's stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMCSA. Evercore ISI raised shares of Comcast to a "strong-buy" rating in a research note on Thursday, November 21st. Seaport Res Ptn raised shares of Comcast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. Loop Capital dropped their price target on shares of Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a report on Friday, January 17th. Finally, Rosenblatt Securities restated a "neutral" rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $47.33.

About Comcast

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.