Discovery Inc (NASDAQ:DISCA) – Equities research analysts at KeyCorp raised their FY2018 earnings estimates for shares of Discovery in a research note issued on Wednesday. KeyCorp analyst A. Hargreaves now forecasts that the company will post earnings of $3.04 per share for the year, up from their previous estimate of $2.82.
Other equities research analysts have also issued reports about the stock. Barrington Research upgraded shares of Discovery from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Tuesday, January 2nd. BidaskClub upgraded shares of Discovery from a “hold” rating to a “buy” rating in a research report on Tuesday, January 23rd. Bank of America upgraded shares of Discovery from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Thursday, December 21st. ValuEngine lowered shares of Discovery from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research upgraded shares of Discovery from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.89.
Discovery (NASDAQ DISCA) traded up $0.15 during trading hours on Friday, reaching $21.67. 1,087,908 shares of the company were exchanged, compared to its average volume of 5,629,358. Discovery has a 1 year low of $15.99 and a 1 year high of $30.25. The company has a current ratio of 5.34, a quick ratio of 5.34 and a debt-to-equity ratio of 3.20. The stock has a market cap of $8,463.06, a price-to-earnings ratio of -35.87, a price-to-earnings-growth ratio of 0.97 and a beta of 1.52.
Discovery (NASDAQ:DISCA) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. Discovery had a negative net margin of 4.90% and a positive return on equity of 21.68%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the firm posted $0.56 EPS. Discovery’s quarterly revenue was up 11.5% on a year-over-year basis.
Several institutional investors have recently added to or reduced their stakes in DISCA. Douglas Lane & Associates LLC raised its position in shares of Discovery by 3.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 57,549 shares of the company’s stock valued at $1,288,000 after acquiring an additional 2,140 shares in the last quarter. Addenda Capital Inc. increased its position in Discovery by 2.2% in the fourth quarter. Addenda Capital Inc. now owns 112,457 shares of the company’s stock worth $2,414,000 after buying an additional 2,439 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Discovery by 21.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,302 shares of the company’s stock worth $365,000 after buying an additional 2,824 shares during the period. Swiss National Bank increased its position in Discovery by 0.5% in the fourth quarter. Swiss National Bank now owns 567,288 shares of the company’s stock worth $12,696,000 after buying an additional 2,900 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its position in Discovery by 13.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 25,122 shares of the company’s stock worth $562,000 after buying an additional 2,977 shares during the period. Institutional investors own 48.76% of the company’s stock.
In other Discovery news, insider David Leavy sold 20,673 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $23.41, for a total value of $483,954.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Savalle Sims sold 2,571 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $24.08, for a total value of $61,909.68. Following the completion of the transaction, the general counsel now owns 36,640 shares of the company’s stock, valued at approximately $882,291.20. The disclosure for this sale can be found here. Insiders have sold a total of 39,482 shares of company stock valued at $913,006 in the last quarter. Company insiders own 6.81% of the company’s stock.
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Discovery, Inc, formerly Discovery Communications, Inc, is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements.
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