Comcast (NASDAQ:CMCSA) posted its earnings results on Thursday. The cable giant reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.14, MarketWatch Earnings reports. Comcast had a net margin of 10.91% and a return on equity of 16.66%. The company had revenue of $23.72 billion for the quarter, compared to analyst estimates of $23.56 billion. During the same quarter in the prior year, the business posted $0.78 EPS. The firm’s revenue was down 11.7% compared to the same quarter last year.

Shares of CMCSA traded down $0.87 during trading hours on Friday, reaching $42.80. 23,913,538 shares of the company traded hands, compared to its average volume of 17,506,434. The company’s fifty day moving average price is $40.51 and its two-hundred day moving average price is $40.20. The company has a market capitalization of $195.34 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.96 and a beta of 0.97. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.25. Comcast has a 12 month low of $31.70 and a 12 month high of $47.74.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Tuesday, October 6th. Comcast’s payout ratio is 29.39%.

In related news, CAO Daniel C. Murdock sold 4,536 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $38.60, for a total transaction of $175,089.60. Following the sale, the chief accounting officer now owns 10,085 shares of the company’s stock, valued at $389,281. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.35% of the company’s stock.

CMCSA has been the subject of several analyst reports. Nomura decreased their price objective on shares of Comcast from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Barclays restated a “buy” rating and set a $44.00 price target on shares of Comcast in a research note on Friday, April 17th. ValuEngine lowered shares of Comcast from a “hold” rating to a “sell” rating in a research note on Monday, June 1st. Guggenheim lowered shares of Comcast from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 19th. Finally, Oppenheimer restated a “hold” rating on shares of Comcast in a research note on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $48.38.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Earnings History for Comcast (NASDAQ:CMCSA)

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