Comcast Corporation (NASDAQ:CMCSA) Earning Positive Press Coverage, Report Shows
Media stories about Comcast Corporation (NASDAQ:CMCSA) have been trending positive on Sunday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Comcast Corporation earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned press coverage about the cable giant an impact score of 84 out of 100, indicating that recent news coverage is very likely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Why Trump could oppose the AT&T—Time Warner mega-merger (finance.yahoo.com)
- Box Office: ‘War For The Planet Of The Apes’ Earns Strong $22M Friday (finance.yahoo.com)
- Comcast Corporation (CMCSA) Stock Rating Upgraded by ValuEngine (americanbankingnews.com)
- ‘Star Wars’ hotel, Epcot upgrades coming to Disney theme parks (DIS, CMCSA) – Markets Insider (markets.businessinsider.com)
- ‘A Wrinkle In Time’ Trailer: ‘The Last Jedi’ And ‘Black Panther’ Will Help Make It A Hit (finance.yahoo.com)
Shares of Comcast Corporation (NASDAQ:CMCSA) traded down 0.28% on Friday, reaching $39.20. The company had a trading volume of 19,790,218 shares. The firm has a market capitalization of $185.92 billion, a price-to-earnings ratio of 20.80 and a beta of 1.01. The firm has a 50-day moving average price of $40.33 and a 200 day moving average price of $37.94. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 27th. The cable giant reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. Comcast Corporation had a net margin of 11.12% and a return on equity of 15.98%. The business had revenue of $20.46 billion for the quarter, compared to analyst estimates of $20.10 billion. During the same period last year, the business posted $0.84 EPS. Comcast Corporation’s revenue was up 8.9% compared to the same quarter last year. Equities research analysts predict that Comcast Corporation will post $1.98 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Wednesday, July 5th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Friday, June 30th. This represents a $0.63 dividend on an annualized basis and a yield of 1.61%. Comcast Corporation’s payout ratio is presently 33.51%.
Several research firms have recently issued reports on CMCSA. Barclays PLC reissued an “overweight” rating and set a $44.00 price target (down from $46.00) on shares of Comcast Corporation in a research note on Friday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $45.00 target price on shares of Comcast Corporation in a research report on Sunday, July 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $44.00 target price (up from $43.00) on shares of Comcast Corporation in a research report on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $47.00 price target on shares of Comcast Corporation in a report on Friday, July 7th. Finally, Instinet reiterated a “buy” rating and issued a $46.00 price target on shares of Comcast Corporation in a report on Wednesday, June 28th. Three analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Comcast Corporation presently has a consensus rating of “Buy” and an average target price of $44.68.
In related news, Director Kenneth J. Bacon sold 7,500 shares of Comcast Corporation stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the transaction, the director now directly owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen B. Burke sold 258,380 shares of Comcast Corporation stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $38.99, for a total transaction of $10,074,236.20. Following the transaction, the executive vice president now directly owns 980,498 shares of the company’s stock, valued at $38,229,617.02. The disclosure for this sale can be found here. Insiders sold a total of 268,236 shares of company stock worth $10,467,090 over the last quarter. 1.28% of the stock is currently owned by company insiders.
About Comcast Corporation
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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