Comcast (NASDAQ:CMCSA – Get Free Report) released its earnings results on Thursday. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06, Briefing.com reports. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The company had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same period in the previous year, the business posted $0.92 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year.
Comcast Stock Performance
Shares of Comcast stock traded up $0.59 during trading on Friday, hitting $38.46. 12,667,855 shares of the company’s stock traded hands, compared to its average volume of 20,740,629. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. Comcast has a 1 year low of $36.43 and a 1 year high of $47.46. The stock has a market capitalization of $152.76 billion, a P/E ratio of 10.35, a PEG ratio of 0.98 and a beta of 0.98. The business has a 50-day simple moving average of $41.64 and a 200-day simple moving average of $42.61.
Insider Activity at Comcast
In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.18% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
View Our Latest Stock 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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