Q3 2024 EPS Estimates for Comcast Co. Reduced by Seaport Res Ptn (NASDAQ:CMCSA)

Comcast Co. (NASDAQ:CMCSA - Free Report) - Stock analysts at Seaport Res Ptn dropped their Q3 2024 earnings per share (EPS) estimates for Comcast in a research report issued on Thursday, September 26th. Seaport Res Ptn analyst D. Joyce now anticipates that the cable giant will post earnings per share of $1.11 for the quarter, down from their prior estimate of $1.12. Seaport Res Ptn has a "Hold" rating on the stock. The consensus estimate for Comcast's current full-year earnings is $4.23 per share. Seaport Res Ptn also issued estimates for Comcast's FY2024 earnings at $4.15 EPS, Q1 2025 earnings at $1.13 EPS, Q2 2025 earnings at $1.28 EPS, Q3 2025 earnings at $1.12 EPS, Q4 2025 earnings at $0.88 EPS, FY2025 earnings at $4.42 EPS and FY2028 earnings at $5.54 EPS.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same quarter in the prior year, the company earned $1.13 earnings per share. Comcast's revenue was down 2.7% compared to the same quarter last year.

A number of other research analysts have also issued reports on the stock. BNP Paribas lowered shares of Comcast from a "neutral" rating to an "underperform" rating and set a $34.00 target price on the stock. in a report on Tuesday, June 11th. StockNews.com lowered shares of Comcast from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, September 24th. 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. Deutsche Bank Aktiengesellschaft reduced their price target on Comcast from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Wednesday, July 24th. Finally, Macquarie reaffirmed a "neutral" rating and issued a $40.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Comcast presently has a consensus rating of "Hold" and a consensus price target of $45.58.

Comcast Price Performance

Shares of CMCSA traded down $0.18 during mid-day trading on Monday, reaching $41.46. 5,841,250 shares of the company's stock were exchanged, compared to its average volume of 19,940,803. 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 has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a market cap of $162.67 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 1.08 and a beta of 1.01. The company has a 50-day simple moving average of $39.69 and a two-hundred day simple moving average of $39.57.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 2.99%. Comcast's dividend payout ratio (DPR) is presently 32.80%.

Institutional Trading of Comcast

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital World Investors lifted its holdings in Comcast by 17.0% during the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant's stock worth $4,725,926,000 after buying an additional 15,625,543 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its stake in Comcast by 25,881.7% during the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant's stock worth $470,391,000 after purchasing an additional 10,809,231 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant's stock worth $1,214,512,000 after purchasing an additional 8,243,302 shares during the period. Canada Pension Plan Investment Board increased its stake in Comcast by 80.9% during the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant's stock valued at $457,007,000 after purchasing an additional 4,714,586 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Comcast by 92.1% during the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant's stock worth $339,223,000 after purchasing an additional 4,182,525 shares during the period. Institutional investors own 84.32% of the company's stock.

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.