Comcast (NASDAQ:CMCSA) Releases Earnings Results, Beats Estimates By $0.03 EPS
Comcast (NASDAQ:CMCSA) released its earnings results on Thursday. The cable giant reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03, Briefing.com reports. The firm had revenue of $26.86 billion for the quarter, compared to analysts’ expectations of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The company’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share.
Shares of CMCSA stock opened at $44.63 on Friday. The stock has a market cap of $202.46 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.25 and a beta of 1.07. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.69 and a quick ratio of 0.73. The stock has a fifty day moving average price of $43.19. Comcast has a 1 year low of $32.61 and a 1 year high of $45.29.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd were paid a $0.21 dividend. The ex-dividend date was Tuesday, July 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.88%. Comcast’s dividend payout ratio (DPR) is 32.94%.
In related news, SVP Daniel C. Murdock sold 1,701 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $41.46, for a total value of $70,523.46. Following the completion of the transaction, the senior vice president now owns 4,712 shares in the company, valued at approximately $195,359.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.35% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in CMCSA. Evolution Wealth Advisors LLC acquired a new stake in shares of Comcast during the 2nd quarter valued at about $26,000. Clean Yield Group acquired a new stake in shares of Comcast during the 1st quarter valued at about $25,000. Mackey Komara & Dankovich LLC acquired a new stake in shares of Comcast during the 1st quarter valued at about $27,000. Westside Investment Management Inc. acquired a new stake in shares of Comcast during the 2nd quarter valued at about $34,000. Finally, Catamount Wealth Management acquired a new stake in shares of Comcast during the 1st quarter valued at about $52,000. 82.59% of the stock is currently owned by institutional investors.
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.
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