Brokers Issue Forecasts for Comcast Corporation’s Q3 2017 Earnings (CMCSA)

Comcast Corporation (NASDAQ:CMCSA) – Equities researchers at KeyCorp lifted their Q3 2017 earnings per share (EPS) estimates for shares of Comcast Corporation in a research note issued on Thursday. KeyCorp analyst A. Hargreaves now anticipates that the cable giant will post earnings per share of $0.49 for the quarter, up from their previous forecast of $0.48. KeyCorp also issued estimates for Comcast Corporation’s Q4 2017 earnings at $0.48 EPS, FY2017 earnings at $2.03 EPS, Q1 2018 earnings at $0.51 EPS, Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.52 EPS and FY2018 earnings at $2.11 EPS.

CMCSA has been the topic of a number of other reports. Barclays PLC set a $44.00 price objective on shares of Comcast Corporation and gave the company a “buy” rating in a research report on Friday, July 14th. Wunderlich boosted their price objective on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Pivotal Research reissued a “buy” rating and set a $48.00 price objective on shares of Comcast Corporation in a research report on Tuesday, June 27th. Bank of America Corporation boosted their price objective on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $45.00 price objective on shares of Comcast Corporation in a research report on Sunday, July 9th. Three investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $45.05.

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Comcast Corporation (NASDAQ CMCSA) opened at 40.45 on Monday. The company has a market capitalization of $190.66 billion, a price-to-earnings ratio of 20.38 and a beta of 1.01. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The company’s 50-day moving average is $39.66 and its 200 day moving average is $38.58.

Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. Comcast Corporation’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 earnings per share.

Institutional investors have recently bought and sold shares of the stock. Financial Consulate Inc. boosted its position in Comcast Corporation by 0.5% in the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after buying an additional 30 shares in the last quarter. Baker Ellis Asset Management LLC boosted its position in Comcast Corporation by 9.0% in the second quarter. Baker Ellis Asset Management LLC now owns 54,826 shares of the cable giant’s stock valued at $2,134,000 after buying an additional 4,526 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in Comcast Corporation by 13.4% in the second quarter. Cullen Frost Bankers Inc. now owns 349,396 shares of the cable giant’s stock valued at $13,598,000 after buying an additional 41,319 shares in the last quarter. Palladium Partners LLC boosted its position in Comcast Corporation by 0.4% in the second quarter. Palladium Partners LLC now owns 296,450 shares of the cable giant’s stock valued at $11,538,000 after buying an additional 1,289 shares in the last quarter. Finally, First Bank & Trust boosted its position in Comcast Corporation by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after buying an additional 1,302 shares in the last quarter. Institutional investors and hedge funds own 82.48% of the company’s stock.

In other Comcast Corporation news, Director Kenneth J. Bacon sold 7,500 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the transaction, the director now owns 26,812 shares in the company, valued at approximately $1,085,886. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen B. Burke sold 258,380 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $38.99, for a total transaction of $10,074,236.20. Following the transaction, the executive vice president now owns 980,498 shares in the company, valued at approximately $38,229,617.02. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s payout ratio is 31.74%.

Comcast Corporation Company Profile

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.

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

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