FY2024 EPS Estimates for Comcast Boosted by Seaport Res Ptn

Comcast Co. (NASDAQ:CMCSA) – Equities researchers at Seaport Res Ptn lifted their FY2024 EPS estimates for Comcast in a research report issued on Thursday, November 21st. Seaport Res Ptn analyst D. Joyce now expects that the cable giant will post earnings of $4.29 per share for the year, up from their prior forecast of $4.27. The consensus estimate for Comcast’s current full-year earnings is $4.26 per share. Seaport Res Ptn also issued estimates for Comcast’s Q4 2024 earnings at $0.92 EPS, Q2 2025 earnings at $1.23 EPS, Q4 2025 earnings at $1.07 EPS, FY2025 earnings at $4.64 EPS and FY2026 earnings at $5.28 EPS.

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

Several other research analysts have also weighed in on the stock. KeyCorp lifted their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Macquarie upped their target price on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. TD Cowen dropped their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock 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 report on Wednesday, November 6th. Finally, Wells Fargo & Company lifted their target price on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.19.

Comcast Trading Down 0.6 %

NASDAQ CMCSA opened at $43.20 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a market capitalization of $165.31 billion, a PE ratio of 11.61, a P/E/G ratio of 1.64 and a beta of 1.00. The stock has a 50-day simple moving average of $42.06 and a 200 day simple moving average of $40.08.

Comcast Dividend Announcement

The company also recently disclosed 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. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Hedge Funds Weigh In On Comcast

Institutional investors have recently bought and sold shares of the business. Fairscale Capital LLC acquired a new stake in shares of Comcast during the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC acquired a new stake in Comcast during the second quarter worth approximately $27,000. IAG Wealth Partners LLC boosted its holdings in shares of Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares during the period. McClarren Financial Advisors Inc. grew its position in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Comcast during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

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.