What is Seaport Res Ptn’s Estimate for Comcast Q4 Earnings?

Comcast Co. (NASDAQ:CMCSA) – Investment analysts at Seaport Res Ptn raised their Q4 2024 earnings estimates for Comcast in a research report issued to clients and investors on Thursday, October 31st. Seaport Res Ptn analyst D. Joyce now expects that the cable giant will earn $0.90 per share for the quarter, up from their prior estimate of $0.79. The consensus estimate for Comcast’s current full-year earnings is $4.27 per share.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year.

Several other equities research analysts have also weighed in on the company. KeyCorp increased their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. TD Cowen reduced their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Finally, StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

Comcast Stock Up 0.1 %

Shares of Comcast stock opened at $42.56 on Monday. Comcast has a twelve month low of $36.43 and a twelve month high of $47.11. The stock has a market capitalization of $164.81 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.14 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The business’s 50 day simple moving average is $40.89 and its 200-day simple moving average is $39.62.

Hedge Funds Weigh In On Comcast

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital Investment Advisors LLC boosted its position in Comcast by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after purchasing an additional 1,550 shares during the period. First Hawaiian Bank lifted its position in Comcast by 8.9% during the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after acquiring an additional 15,664 shares during the last quarter. Douglas Lane & Associates LLC boosted its holdings in Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after acquiring an additional 15,807 shares during the period. Wulff Hansen & CO. grew its position in shares of Comcast by 3,816.0% in the second quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock valued at $21,866,000 after purchasing an additional 544,123 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Comcast in the first quarter worth about $773,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.91%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Comcast Company Profile

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.