Equities Analysts Reduce Earnings Estimates for Comcast Co. (NASDAQ:CMCSA)

Comcast Co. (NASDAQ:CMCSA) – Investment analysts at Oppenheimer decreased their Q3 2019 EPS estimates for Comcast in a research note issued to investors on Friday, August 16th, according to Zacks Investment Research. Oppenheimer analyst T. Horan now forecasts that the cable giant will earn $0.77 per share for the quarter, down from their prior estimate of $0.78. Oppenheimer also issued estimates for Comcast’s FY2020 earnings at $3.58 EPS.

A number of other brokerages also recently commented on CMCSA. Pivotal Research reiterated a “buy” rating and set a $54.00 price objective on shares of Comcast in a research report on Wednesday, June 26th. Bank of America set a $58.00 target price on shares of Comcast and gave the company a “buy” rating in a research note on Wednesday, August 21st. Rosenblatt Securities assumed coverage on shares of Comcast in a research note on Friday, June 14th. They set a “buy” rating and a $50.00 target price on the stock. Guggenheim raised shares of Comcast from a “neutral” rating to a “buy” rating and set a $42.31 target price on the stock in a research note on Thursday, May 30th. Finally, ValuEngine downgraded shares of Comcast from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $46.42.

Shares of NASDAQ:CMCSA traded up $0.09 on Monday, reaching $44.26. 10,359,910 shares of the company traded hands, compared to its average volume of 15,924,357. Comcast has a fifty-two week low of $32.61 and a fifty-two week high of $45.29. The company’s 50 day moving average is $43.55 and its 200-day moving average is $41.91. The stock has a market capitalization of $201.16 billion, a PE ratio of 17.36, a P/E/G ratio of 1.20 and a beta of 1.08. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.69 and a quick ratio of 0.69.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The company had revenue of $26.86 billion during the quarter, compared to the consensus estimate of $27.08 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The firm’s revenue for the quarter was up 23.6% on a year-over-year basis.

In other news, SVP Daniel C. Murdock sold 848 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total transaction of $37,507.04. Following the completion of the sale, the senior vice president now owns 3,419 shares of the company’s stock, valued at approximately $151,222.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Daniel C. Murdock sold 1,701 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $41.46, for a total transaction of $70,523.46. Following the sale, the senior vice president now directly owns 4,712 shares of the company’s stock, valued at $195,359.52. The disclosure for this sale can be found here. 1.35% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Archford Capital Strategies LLC lifted its holdings in shares of Comcast by 6.2% in the 2nd quarter. Archford Capital Strategies LLC now owns 4,134 shares of the cable giant’s stock valued at $175,000 after buying an additional 240 shares during the period. Ironwood Investment Counsel LLC increased its stake in shares of Comcast by 0.5% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 51,524 shares of the cable giant’s stock worth $2,178,000 after purchasing an additional 243 shares during the last quarter. SevenBridge Financial Group LLC increased its stake in shares of Comcast by 0.6% during the 2nd quarter. SevenBridge Financial Group LLC now owns 41,429 shares of the cable giant’s stock worth $1,752,000 after purchasing an additional 249 shares during the last quarter. Camarda Financial Advisors LLC increased its stake in shares of Comcast by 8.1% during the 1st quarter. Camarda Financial Advisors LLC now owns 3,331 shares of the cable giant’s stock worth $133,000 after purchasing an additional 250 shares during the last quarter. Finally, Intellectus Partners LLC increased its stake in shares of Comcast by 2.8% during the 2nd quarter. Intellectus Partners LLC now owns 9,113 shares of the cable giant’s stock worth $385,000 after purchasing an additional 251 shares during the last quarter. Institutional investors own 82.85% of the company’s stock.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.