Comcast FY2024 EPS Estimate Increased by Seaport Res Ptn

Comcast Co. (NASDAQ:CMCSA) – Research analysts at Seaport Res Ptn boosted their FY2024 earnings per share (EPS) estimates for Comcast in a report issued on Thursday, November 21st. Seaport Res Ptn analyst D. Joyce now anticipates that the cable giant will post earnings per share of $4.29 for the year, up from their previous estimate of $4.27. The consensus estimate for Comcast’s current full-year earnings is $4.26 per share. Seaport Res Ptn also issued estimates for Comcast’s Q4 2024 earnings at $0.92 EPS, Q2 2025 earnings at $1.23 EPS, Q4 2025 earnings at $1.07 EPS, FY2025 earnings at $4.64 EPS and FY2026 earnings at $5.28 EPS.

A number of other analysts have also commented on CMCSA. Pivotal Research lifted their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Evercore ISI raised Comcast to a “strong-buy” rating in a research report on Thursday. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. 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 analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average target price of $47.19.

Comcast Stock Performance

Shares of Comcast stock opened at $43.47 on Monday. The firm’s 50-day moving average is $41.98 and its 200 day moving average is $40.05. The stock has a market cap of $166.34 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.65 and a beta of 1.00. Comcast has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter in the previous year, the firm posted $1.08 earnings per share. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.85%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is presently 33.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CMCSA. Tudor Financial Inc. purchased a new position in Comcast in the third quarter worth about $1,301,000. SkyView Investment Advisors LLC boosted its holdings in shares of Comcast by 6.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 12,580 shares of the cable giant’s stock worth $525,000 after purchasing an additional 759 shares during the period. McIlrath & Eck LLC increased its position in shares of Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after purchasing an additional 282 shares during the last quarter. Invst LLC raised its holdings in Comcast by 8.4% during the 3rd quarter. Invst LLC now owns 39,839 shares of the cable giant’s stock valued at $1,664,000 after buying an additional 3,077 shares during the period. Finally, Unigestion Holding SA lifted its position in Comcast by 89.0% in the third quarter. Unigestion Holding SA now owns 209,098 shares of the cable giant’s stock worth $8,734,000 after buying an additional 98,481 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

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.