Comcast Corporation (NASDAQ:CMCSA) to Post Q3 2018 Earnings of $0.54 Per Share, KeyCorp Forecasts

Comcast Corporation (NASDAQ:CMCSA) – Equities researchers at KeyCorp reduced their Q3 2018 EPS estimates for shares of Comcast Corporation in a research report issued on Tuesday, Zacks Investment Research reports. KeyCorp analyst A. Hargreaves now expects that the cable giant will post earnings of $0.54 per share for the quarter, down from their previous forecast of $0.55. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Comcast Corporation’s Q4 2018 earnings at $0.51 EPS.

Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share.

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CMCSA has been the subject of several other research reports. Moffett Nathanson reaffirmed a “buy” rating on shares of Comcast Corporation in a research note on Monday, October 16th. OTR Global cut shares of Comcast Corporation to a “positive” rating in a research note on Monday, October 30th. Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $46.00 in a research note on Thursday, August 3rd. Wells Fargo & Company reissued a “buy” rating and issued a $49.00 price target on shares of Comcast Corporation in a research note on Monday, October 23rd. Finally, Nomura cut their price target on shares of Comcast Corporation from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Three research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $45.84.

Comcast Corporation (NASDAQ:CMCSA) opened at $36.85 on Thursday. The firm has a market cap of $172,228.45, a PE ratio of 18.29, a PEG ratio of 1.91 and a beta of 1.00. Comcast Corporation has a 12 month low of $32.30 and a 12 month high of $42.18. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio is presently 30.36%.

In related news, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the sale, the director now directly owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Connecticut Wealth Management LLC grew its position in Comcast Corporation by 0.4% during the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after purchasing an additional 24 shares during the last quarter. Financial Consulate Inc. grew its position in Comcast Corporation by 0.5% during the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after purchasing an additional 30 shares during the last quarter. Clarius Group LLC grew its position in Comcast Corporation by 0.4% during the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after purchasing an additional 32 shares during the last quarter. GM Advisory Group Inc. grew its position in Comcast Corporation by 0.9% during the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after purchasing an additional 48 shares during the last quarter. Finally, Peoples Bank OH grew its position in Comcast Corporation by 0.9% during the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after purchasing an additional 59 shares during the last quarter. 81.88% of the stock is currently owned by institutional investors.

About Comcast Corporation

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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Earnings History and Estimates for Comcast Corporation (NASDAQ:CMCSA)

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