Comcast (CMCSA) Expected to Announce Quarterly Earnings on Thursday

Comcast (NASDAQ:CMCSA - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.88 per share and revenue of $31,623,017.46 billion for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

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

Comcast Price Performance

Shares of Comcast stock traded up $0.36 on Thursday, hitting $37.47. 17,467,894 shares of the company were exchanged, compared to its average volume of 23,018,434. The company has a 50-day moving average price of $39.54 and a 200 day moving average price of $40.16. The stock has a market capitalization of $143.38 billion, a price-to-earnings ratio of 10.07, 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 1-year low of $36.15 and a 1-year high of $47.11.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CMCSA shares. TD Cowen cut their target price on shares of Comcast from $50.00 to $48.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Evercore ISI raised Comcast to a "strong-buy" rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased their price objective on Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, November 1st. KeyCorp increased their price objective on Comcast from $44.00 to $47.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and issued a $45.00 price target 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 given a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Comcast currently has a consensus rating of "Moderate Buy" and an average price target of $47.33.

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.