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

loading...
loading...

Latest


26 October 2017
Mental health results in mass job losses
Just 11% of employees surveyed said they discussed a recent mental health problem with their line manager, with over half saying they wouldn't feel comfortable doing so.

26 October 2017
Barrick Gold reports 3Q loss
Barrick's adjusted earnings declined to $186 million, or 16 cents a share, in the quarter from $278 million, or 24 cents a share. Finally, Gemmer Asset Management LLC increased its stake in shares of Barrick Gold Corporation by 3,974.0% in the third quarter.

26 October 2017
OEMs To Announce AMD Ryzen Mobile Notebooks Very Soon
The Ryzen 7 APUs have 10 Vega graphics cores and four Zen processor cores, with a total of eight CPU threads. And with this new version, AMD says the rolloff from a higher to lower speed is more graceful.

26 October 2017
Facebook takes another step into P2P, launches marketplace for cars
It will also be adding more specific search fields, including transmission and vehicle type. Facebook is dedicating a complete section of Marketplace for Vehicles.

26 October 2017
Texas Instruments Incorporated (TXN) Issues Earnings Results, Beats Estimates By $0.14 EPS
Moreover, Waddell Reed Financial has 0.27% invested in Texas Instruments Incorporated (NASDAQ:TXN) for 1.61 million shares. As of December 31, 2016, the Company had design, manufacturing or sales activities in more than 30 countries.

26 October 2017
Arbaaz Khan: "We have started scripting Dabangg 3"
An Indian filmmaker Arbaaz Khan says that the movie " Dabangg 3 " shoot will start by the middle of next year. Salman Khan was seen in a whole new light with his portrayal of Chulbul Pandey for the 2010 hit " Dabangg ".

26 October 2017
Saudi Arabia to build US$500bn independent special zone
Dubbed NEOM , the mega city will cover 26,500 square kilometers in total, spanning territory within Egypt and Jordan as well. Saudi Arabia and three other Arab states have cut ties with Qatar, accusing it of supporting terrorism.

26 October 2017
Record Number of Transgender Actors Cast in New Ryan Murphy Series Pose
Transgender activist and New York Times author Janet Mock and Our Lady J ( Transparent ) contribute to the writing team. Michael Roberson, Twiggy Pucci Garçon, Hector Xtravaganza, Skylar King and Sol Williams will serve as consultants.

26 October 2017
Marylanders will have higher insurance premiums under the Affordable Care Act
The directive was soon altered to cancel only the outreach activities for which the government could not recover payment. Johnson of The Washington Post; and by Ricardo Alonso-Zaldivar and Sudhin Thanawala of The Associated Press.

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 .