Comcast (NASDAQ:CMCSA – Get Free Report) issued its quarterly earnings data on Tuesday. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09, Briefing.com reports. Comcast had a return on equity of 20.20% and a net margin of 12.46%. The business had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same period in the previous year, the firm posted $1.13 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis.
Comcast Stock Performance
CMCSA stock traded up $0.15 during midday trading on Thursday, hitting $38.24. 18,246,811 shares of the company traded hands, compared to its average volume of 20,501,465. Comcast has a twelve month low of $36.43 and a twelve month high of $47.46. The stock has a market capitalization of $150.04 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 0.96 and a beta of 1.00. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The business has a 50 day simple moving average of $38.55 and a 200-day simple moving average of $40.71.
Comcast Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.24%. Comcast’s dividend payout ratio (DPR) is currently 32.80%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on CMCSA
Insider Buying and Selling
In related news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.26% of the stock is owned by insiders.
About Comcast
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.
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