Comcast (NASDAQ:CMCSA – Get Free Report) released its earnings results on Thursday. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06, Briefing.com reports. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the previous year, the firm earned $1.08 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis.
Comcast Stock Performance
Shares of Comcast stock traded up $0.48 on Friday, reaching $44.15. The stock had a trading volume of 12,643,504 shares, compared to its average volume of 19,619,795. The business’s 50-day moving average price is $40.73 and its two-hundred day moving average price is $39.55. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The stock has a market cap of $170.97 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01.
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 paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is 32.98%.
Analysts Set New Price Targets
Read Our Latest Report on CMCSA
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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