Comcast Co. (NASDAQ:CMCSA) to Post Q1 2019 Earnings of $0.69 Per Share, Oppenheimer Forecasts

Comcast Co. (NASDAQ:CMCSA) – Equities research analysts at Oppenheimer upped their Q1 2019 earnings per share (EPS) estimates for Comcast in a note issued to investors on Tuesday, April 9th, Zacks Investment Research reports. Oppenheimer analyst T. Horan now anticipates that the cable giant will post earnings per share of $0.69 for the quarter, up from their previous forecast of $0.65. Oppenheimer also issued estimates for Comcast’s Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.72 EPS and Q4 2019 earnings at $0.75 EPS.

A number of other research analysts have also weighed in on the company. BidaskClub lowered Comcast from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley raised their target price on Comcast from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Nomura raised their target price on Comcast from $41.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, April 12th. KeyCorp raised their target price on Comcast from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, TD Securities raised their target price on Comcast from $50.00 to $57.00 and gave the company a “buy” rating in a report on Monday, April 29th. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Comcast has a consensus rating of “Buy” and an average price target of $44.65.

Comcast stock traded up $0.64 during mid-day trading on Wednesday, reaching $43.29. The stock had a trading volume of 12,613,697 shares, compared to its average volume of 19,178,070. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.73 and a current ratio of 0.73. Comcast has a fifty-two week low of $30.43 and a fifty-two week high of $43.96. The stock has a market capitalization of $201.06 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 1.17 and a beta of 1.13.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.08. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The firm had revenue of $26.86 billion during the quarter, compared to analysts’ expectations of $27.27 billion. During the same quarter last year, the firm posted $0.66 earnings per share. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year.

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its position in shares of Comcast by 0.6% in the fourth quarter. BlackRock Inc. now owns 320,375,109 shares of the cable giant’s stock valued at $10,908,773,000 after purchasing an additional 1,855,378 shares in the last quarter. Dodge & Cox grew its position in shares of Comcast by 0.4% in the third quarter. Dodge & Cox now owns 132,526,363 shares of the cable giant’s stock valued at $4,692,759,000 after purchasing an additional 509,730 shares in the last quarter. FMR LLC grew its position in shares of Comcast by 3.9% in the fourth quarter. FMR LLC now owns 128,168,481 shares of the cable giant’s stock valued at $4,364,136,000 after purchasing an additional 4,854,006 shares in the last quarter. Geode Capital Management LLC grew its position in Comcast by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock worth $2,165,450,000 after buying an additional 5,992,911 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Comcast by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 53,579,451 shares of the cable giant’s stock worth $1,824,544,000 after buying an additional 326,417 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

In other Comcast news, EVP Stephen B. Burke sold 457,633 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $43.35, for a total value of $19,838,390.55. Following the sale, the executive vice president now directly owns 1,078,189 shares in the company, valued at $46,739,493.15. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Arthur R. Block sold 1,966 shares of the business’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $37.40, for a total value of $73,528.40. Following the completion of the sale, the executive vice president now owns 58,578 shares in the company, valued at $2,190,817.20. The disclosure for this sale can be found here. Insiders have sold 1,751,481 shares of company stock worth $69,306,756 over the last quarter. 1.31% of the stock is currently owned by corporate insiders.

About Comcast

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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