Comcast (NASDAQ:CMCSA) Posts Earnings Results, Beats Expectations By $0.06 EPS

Comcast (NASDAQ:CMCSAGet Rating) posted its quarterly earnings data on Thursday. The cable giant reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.06, MarketWatch Earnings reports. The business had revenue of $31.01 billion during the quarter, compared to analysts’ expectations of $30.40 billion. Comcast had a return on equity of 15.61% and a net margin of 12.17%. The business’s revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share.

Shares of Comcast stock opened at $39.76 on Friday. Comcast has a 52 week low of $39.61 and a 52 week high of $61.80. The business’s fifty day simple moving average is $46.48 and its 200-day simple moving average is $49.30. The firm has a market cap of $180.24 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 0.94 and a beta of 0.92. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.00.

Several analysts recently commented on the company. StockNews.com assumed coverage on Comcast in a research report on Thursday, March 31st. They set a “buy” rating for the company. TD Securities dropped their price target on Comcast from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Friday. Truist Financial cut Comcast from a “buy” rating to a “hold” rating and dropped their price target for the stock from $70.00 to $50.00 in a research report on Tuesday, March 1st. Rosenblatt Securities assumed coverage on Comcast in a research report on Tuesday, April 19th. They set a “neutral” rating and a $51.00 price target for the company. Finally, Pivotal Research dropped their price target on Comcast from $62.00 to $57.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $59.65.

In related news, CEO David N. Watson sold 65,410 shares of the business’s stock in a transaction on Friday, March 11th. The stock was sold at an average price of $45.69, for a total value of $2,988,582.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.35% of the company’s stock.

Several hedge funds have recently bought and sold shares of CMCSA. MayTech Global Investments LLC purchased a new stake in shares of Comcast in the 4th quarter valued at $101,000. First Community Trust NA purchased a new stake in shares of Comcast in the 4th quarter valued at $101,000. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Comcast by 21.8% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,275 shares of the cable giant’s stock worth $416,000 after purchasing an additional 1,481 shares during the period. Virtu Financial LLC purchased a new stake in Comcast during the 4th quarter worth about $475,000. Finally, Autumn Glory Partners LLC purchased a new stake in Comcast during the 4th quarter worth about $522,000. Hedge funds and other institutional investors own 82.58% of the company’s stock.

Comcast Company Profile (Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

Further Reading

Earnings History for Comcast (NASDAQ:CMCSA)

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