After finishing at $40.71 in the prior trading day, Comcast Corp (NASDAQ: CMCSA) closed at $40.15, down -1.38%. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 31606942 shares were traded.
Ratios:
Our goal is to gain a better understanding of CMCSA by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.81. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 0.60. In the meantime, Its Debt-to-Equity ratio is 1.25 whereas as Long-Term Debt/Eq ratio is at 1.22.
On February 15, 2024, Redburn Atlantic Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $50 to $44.
Pivotal Research Group reiterated its Buy rating for the stock on December 13, 2023, while the target price for the stock was revised from $55 to $58.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 29 ’24 when Cavanagh Michael J sold 114,749 shares for $46.10 per share. The transaction valued at 5,290,193 led to the insider holds 0 shares of the business.
Armstrong Jason sold 41,663 shares of CMCSA for $1,776,016 on Nov 20 ’23. The CFO now owns 14,458 shares after completing the transaction at $42.63 per share. On Nov 14 ’23, another insider, ROBERTS BRIAN L, who serves as the Chairman of Board & CEO of the company, sold 616,143 shares for $41.92 each. As a result, the insider received 25,827,421 and left with 16,909,517 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CMCSA now has a Market Capitalization of 159.43B and an Enterprise Value of 250.31B. As of this moment, Comcast’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.83, and their Forward P/E ratio for the next fiscal year is 8.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 1.93. Its current Enterprise Value per Revenue stands at 2.06 whereas that against EBITDA is 6.43.
Stock Price History:
Over the past 52 weeks, CMCSA has reached a high of $47.46, while it has fallen to a 52-week low of $36.38. The 50-Day Moving Average of the stock is 42.73, while the 200-Day Moving Average is calculated to be 43.40.
Shares Statistics:
The stock has traded on average 20.75M shares per day over the past 3-months and 21.65M shares per day over the last 10 days, according to various share statistics. A total of 3.97B shares are outstanding, with a floating share count of 3.93B. Insiders hold about 1.00% of the company’s shares, while institutions hold 85.71% stake in the company. Shares short for CMCSA as of Mar 28, 2024 were 46.79M with a Short Ratio of 2.32, compared to 48.09M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.18% and a Short% of Float of 1.19%.
Dividends & Splits
In the trailing 12 months, CMCSA’s forward annual dividend rate was 1.16, compared to 1.18 this year. Against a Trailing Annual Dividend Yield of 2.85%, it implies a Forward Annual Dividend Yield of 3.09%. The stock’s 5-year Average Dividend Yield is 2.24. The current Payout Ratio is 31.27% for CMCSA, which recently paid a dividend on Apr 24, 2024 with an ex-dividend date of Apr 02, 2024. Stock splits for the company last occurred on Feb 21, 2017 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 21 different market analysts. On average, analysts expect EPS of $0.99 for the current quarter, with a high estimate of $1.06 and a low estimate of $0.95, while EPS last year was $0.92. The consensus estimate for the next quarter is $1.15, with high estimates of $1.23 and low estimates of $1.03.
Analysts are recommending an EPS of between $4.51 and $3.95 for the fiscal current year, implying an average EPS of $4.23. EPS for the following year is $4.58, with 26 analysts recommending between $5.08 and $4.26.
Revenue Estimates
21 analysts predict $29.85B in revenue for the current quarter. It ranges from a high estimate of $30.27B to a low estimate of $29.36B. As of the current estimate, Comcast Corp’s year-ago sales were $29.3B, an estimated increase of 1.90% from the year-ago figure. For the next quarter, 20 analysts are estimating revenue of $30.44B, an increase of 1.00% less than the figure of $1.90% in the same quarter last year. There is a high estimate of $31.14B for the next quarter, whereas the lowest estimate is $29.93B.
A total of 29 analysts have provided revenue estimates for CMCSA’s current fiscal year. The highest revenue estimate was $126.92B, while the lowest revenue estimate was $122.77B, resulting in an average revenue estimate of $124.2B. In the same quarter a year ago, actual revenue was $121.57B, up 2.20% from the average estimate. Based on 27 analysts’ estimates, the company’s revenue will be $123.94B in the next fiscal year. The high estimate is $128.09B and the low estimate is $120.56B. The average revenue growth estimate for next year is down -0.20% from the average revenue estimate for this year.
