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.
TRADEMARK VIOLATION NOTICE: “Comcast Corporation (NASDAQ:CMCSA) to Post Q3 2018 Earnings of $0.54 Per Share, KeyCorp Forecasts” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://ledgergazette.com/2017/11/13/comcast-corporation-expected-to-earn-q3-2018-earnings-of-0-54-per-share-cmcsa.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related companies with MarketBeat.com's FREE daily email newsletter.