Comcast Q3 Profit Drops, Revenue Up

As a result of the revenue growth, the company’s Board of Directors declared a quarterly dividend of $0.25 a share on the company’s common stock. The consensus estimates from Thomson Reuters call for $0.80 in earnings per share (EPS) on $18.02 billion in revenue.

Comcast Corporation (NASDAQ:CMCSA): On Friday heightened volatility was witnessed in Comcast Corporation (NASDAQ:CMCSA) which led to swings in the share price. Comcast Corporation (NASDAQ:CMCSA) stock has received a short term price target of $ 70.83 from 21 Analyst.

Now the company Insiders own 1.42% of Comcast Corporation shares according to the proxy statements. Rit Capital Partners Plc owns 1.04 million shares or 14.52% of their USA portfolio. The 50-day moving average is $58 and the 200 day moving average is recorded at $59.19.

Comcast has been exploring new growth areas since it walked away from its bid to acquire Time Warner Cable in April amid regulatory pressure. Meanwhile, EarningsWhisper.com reports a whisper number of $0.82 per share. The sentiment score for Comcast Corporation based on today’s news yields a score of 0.027. The Equity Firm raises its price target from $62 per share to $65 per share. That’s down from 73 cents per share in the year-earlier quarter. Revenue at the broadcast-TV segment, which includes the flagship NBC network, grew 11.3%, while operating cash flow grew 6.1% to $150 million. The 52-week high of the share price is $64.99 and the 52-week low is $50.01. Jefferies Group reiterated a “buy” rating and set a $68.00 price objective on shares of Comcast in a report on Friday, July 10th. “At Cable Communications, overall customer relationships increased 156,000, a 90 percent improvement compared to last year, video subscriber results were the best for a third quarter in nine years, high-speed Internet subscriber results were the best for a third quarter in six years, and churn across all product categories continues to improve”. The Firm’s business line consists of Cable Networks: Cable Communications; five sections; Broadcast Television; Filmed Entertainment, and Theme Parks. Broadcast Television consists mainly of the NBC and Telemundo broadcast networks. Filmed Entertainment consists primarily of the studio operations of Universal Pictures. “We look for Harry Potter-fueled theme parks sales to be up 11.0 percent to $872 million with an 8.5 percent gain in OCF to $436 million”.