Comcast Corp (CMCSA) Decline -0.97% in Day Trading, Closes at $41.74

The price of Comcast Corp (NASDAQ: CMCSA) closed at $41.74 in the last session, down -0.97% from day before closing price of $42.15. In other words, the price has decreased by -$0.41 from its previous closing price. On the day, 17625729 shares were traded.

Ratios:

We take a closer look at CMCSA’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.20. 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.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Redburn Atlantic on February 15, 2024, Downgraded its rating to Neutral and sets its target price to $44 from $50 previously.

On December 13, 2023, Pivotal Research Group reiterated its Buy rating and also lowered its target price recommendation from $55 to $58.

Scotiabank Downgraded its Sector Outperform to Sector Perform on October 27, 2023, whereas the target price for the stock was revised from $50 to $49.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 165.79B and an Enterprise Value of 256.66B. As of this moment, Comcast’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.26, and their Forward P/E ratio for the next fiscal year is 9.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.36 while its Price-to-Book (P/B) ratio in mrq is 2.01. Its current Enterprise Value per Revenue stands at 2.11 whereas that against EBITDA is 6.60.

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 $34.63. The 50-Day Moving Average of the stock is 43.31, while the 200-Day Moving Average is calculated to be 43.15.

Shares Statistics:

According to the various share statistics, CMCSA traded on average about 19.71M shares per day over the past 3-months and 18.85M shares per day over the past 10 days. A total of 3.97B shares are outstanding, with a floating share count of 3.93B. Insiders hold about 0.98% of the company’s shares, while institutions hold 85.74% stake in the company. Shares short for CMCSA as of Feb 15, 2024 were 51.15M with a Short Ratio of 2.59, compared to 42.32M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.29% and a Short% of Float of 1.30%.

Dividends & Splits

The forward annual dividend rate for CMCSA is 1.16, which was 1.16 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 2.75%, it implies a Forward Annual Dividend Yield of 2.97%. The stock’s 5-year Average Dividend Yield is 2.23. 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

The company has 19 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.99 for the current quarter, with a high estimate of $1.06 and a low estimate of $0.91, while EPS last year was $0.92. The consensus estimate for the next quarter is $1.15, with high estimates of $1.29 and low estimates of $1.03.

Analysts are recommending an EPS of between $4.87 and $3.95 for the fiscal current year, implying an average EPS of $4.26. EPS for the following year is $4.63, with 26 analysts recommending between $5.34 and $4.26.

Revenue Estimates

According to 18 analysts, the current quarter’s revenue is expected to be $29.92B. It ranges from a high estimate of $30.29B to a low estimate of $29.51B. As of the current estimate, Comcast Corp’s year-ago sales were $29.3B, an estimated increase of 2.10% from the year-ago figure. For the next quarter, 18 analysts are estimating revenue of $30.5B, an increase of 1.20% less than the figure of $2.10% in the same quarter last year. There is a high estimate of $31.14B for the next quarter, whereas the lowest estimate is $30B.

A total of 27 analysts have provided revenue estimates for CMCSA’s current fiscal year. The highest revenue estimate was $126.92B, while the lowest revenue estimate was $122.68B, resulting in an average revenue estimate of $124.3B. In the same quarter a year ago, actual revenue was $121.57B, up 2.20% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $124.13B in the next fiscal year. The high estimate is $128B and the low estimate is $120.56B. The average revenue growth estimate for next year is down -0.10% from the average revenue estimate for this year.

Most Popular

[the_ad id="945"]