Comcast (NASDAQ:CMCSA) Issues Quarterly Earnings Results

Comcast (NASDAQ:CMCSA) released its earnings results on Thursday. The cable giant reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.06, Briefing.com reports. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis.

Comcast Stock Performance

Shares of Comcast stock opened at $38.57 on Friday. The business has a 50 day moving average price of $41.58 and a 200-day moving average price of $42.56. Comcast has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a market cap of $153.19 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 0.94 and a beta of 0.98. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CMCSA. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Oppenheimer reiterated an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. Evercore ISI reiterated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Friday. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and an average target price of $49.45.

Insider Activity at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.18% of the stock is currently owned by insiders.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.