Comcast (NASDAQ:CMCSA) Releases Earnings Results, Beats Expectations By $0.06 EPS

Comcast (NASDAQ:CMCSA) posted its quarterly earnings data on Thursday. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06, Briefing.com reports. The business had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share.

Comcast Stock Up 1.3 %

CMCSA traded up $0.51 during trading on Friday, hitting $38.38. 16,079,675 shares of the company’s stock traded hands, compared to its average volume of 20,780,719. The stock has a market capitalization of $152.44 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 0.98 and a beta of 0.98. The company’s 50 day simple moving average is $41.64 and its two-hundred day simple moving average is $42.61. Comcast has a 12-month low of $36.43 and a 12-month high of $47.46. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CMCSA. Benchmark reissued a “buy” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. BNP Paribas restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Tuesday, April 9th. Oppenheimer reiterated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Citigroup upped their price target on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, Scotiabank dropped their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.45.

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.