Economy

Comcast's Q3 Profit Jumps 20% On Broadband Subscription Growth

Comcast's Q3 Profit Jumps 20% On Broadband Subscription Growth”

Cable television subscribers are leaving Comcast at a faster pace, the company reported Thursday, signaling impact from a consumer shift from traditional TV services to online channels and streaming services. But the residential video loss of 134,000 continues the trend of MVPD losses this quarter - a swing from this time previous year when Comcast and other large providers posted modest gains in video subs. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of "Buy" and an average price target of $46.07.

Shares of Comcast Corporation (CMCSA) opened at 36.83 on Thursday. 5,618,656 shares of the stock traded hands. The company's market cap is $172.1 Billion. Now we look at the Moving Averages, the 200-day is -4.62%, the 50-day is -4.44% and the 20-day is -1.44%.

Comcast Corporation (CMCSA) has a Return on Assets of 5.3 percent, Return on Investment of 10 percent and a Return on Equity of 17.7 percent. (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.48 by $0.04. Adjusted EBITDA increased 6% to $2.3 billion, as increases at theme parks, filmed entertainment and cable networks helped fight off a decline at broadcast television.

The Philadelphia company's per-share earnings came to 55 cents, or 52 cents when one-time benefits and charges are stripped away. On average, analysts forecast that Comcast Corp. will post $3.52 EPS for the current year. Comcast Corp.'s dividend payout ratio is now 33.43%. The stock fell -6.97 percent over the past six months. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the sale, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

In other news, Director Kenneth J. Bacon sold 2,232 shares of the business's stock in a transaction on Friday, September 15th. The stock was sold at an average price of $67.86, for a total value of $2,000,173.50. Company insiders own 1.28% of the company's stock. The relative volume of the stock is 1.14. In the second quarter, Comcast lost 34,000 residential and business video customers. Donaldson Capital Management LLC's holdings in Comcast Corporation were worth $28,292,000 at the end of the most recent quarter.

If we look at the Volatility of Comcast Corporation (CMCSA), Week Volatility is 1.83%, whereas Month Volatility is at 1.88%. Ameriprise Financial Inc. increased its stake in Comcast Corporation by 95.7% in the first quarter.



Like this

Latest


26 October 2017
Imran Khan tenders apology in ECP in contempt of court cases
Talking to reporters outside the ECP, Imran Khan said he was "glad" that the contempt proceedings against him had ended. He said that his criticism over the Election Commission was meant to make the institution transparent and trust able.

26 October 2017
Donald Trump wants to remind us he is 'a very intelligent person'
Bob Corker, Arizona Sen. " I think the press creates a different image of Donald Trump than the real person ", Trump added. Despite Trump's attack on the media, his critics blame the President for setting a certain tone for political discourse.

26 October 2017
Hormel Foods Corporation (HRL) Shares Sold by Ameriprise Financial Inc
Hormel Foods Corporation (HRL ) pays a dividend of 0.68, which translates to dividend yield of 2.25% based on the current price. Sns Financial Grp Inc Ltd Liability Corporation holds 0.09% of its portfolio in Hormel Foods Corp (NYSE:HRL) for 9,532 shares.

26 October 2017
Chemical scalpel offers new hope for genetic diseases
A new base editor (bottom) uses DNA adenine deaminase to make the opposite change, transforming A-T base pairs to G-C pairs. Led by David Liu , the Harvard team presented a new gene editing technique called "base editing" in the journal Nature .

26 October 2017
Bombardier to cut 280 jobs at Belfast plant
Investors asked about the Airbus and Bombardier partnership projecting a demand for 6,000 planes with less than 150 seats. "We don't need to change the path we're on".

26 October 2017
Parliament may not get vote until after Brexit, says Davis
Mr Davis said all parties want to make progress quickly, adding: "The issue here is one of practicality and what we control". A Department for Exiting the European Union spokesperson said they "expect and intend" the vote to happen before Brexit.

26 October 2017
Major fire breaks out in slum near Mumbai's Bandra station
Following the massive fire, train services between Bandra and Andheri on the Harbour Line were halted after the massive blaze. Bandra station is a crucial juncture point where Harbour and Western lines of Mumbai local train services converge.

26 October 2017
This Glamorous Picture of Suhana Khan Is Sure To Leave You Amazed
Suhana Khan, the daughter of Shah Rukh Khan and Gauri Khan tops the list of star kids whom we want to see on the silver screen. The youngest, Abram is the most adorable and Aryan Khan has grown up to be a handsome man just like his father.

26 October 2017
Android 8.1 Developers Preview Released with Neutral Network API
By then, APIs are expected to be close to their final development phase with AOSP and OEM versions ready before the end of 2018. Developers can access the Android 8.1 beta now, but the new operating system will only be released to the public in December.

26 October 2017
Twitter's shares jump after beating Wall Street's expectations
Expenses have also fallen, with Twitter claiming to have pushed down running costs by 16 percent year-on-year. The daily active user (DAU) count was not affected and grew 14 percent since this time a year ago .



Recommended