Equities research analysts predict that Discovery Communications Inc. (NASDAQ:DISCA) will post earnings of $0.61 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Discovery Communications’ earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.71. Discovery Communications posted earnings per share of $0.43 in the same quarter last year, which would suggest a positive year over year growth rate of 41.9%. The company is scheduled to announce its next earnings results before the market opens on Thursday, November 8th.
On average, analysts expect that Discovery Communications will report full year earnings of $2.23 per share for the current financial year, with EPS estimates ranging from $2.03 to $2.41. For the next year, analysts expect that the company will post earnings of $3.43 per share, with EPS estimates ranging from $2.60 to $3.99. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Discovery Communications.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.18). Discovery Communications had a negative net margin of 8.28% and a positive return on equity of 17.68%. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion.
A number of equities analysts recently weighed in on DISCA shares. Pivotal Research lowered shares of Discovery Communications from a “hold” rating to a “sell” rating and set a $26.00 price objective on the stock. in a research report on Tuesday, September 18th. Jefferies Financial Group upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, August 21st. BidaskClub upgraded shares of Discovery Communications from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 17th. Bank of America lifted their price objective on shares of Discovery Communications from $30.00 to $35.50 and gave the company a “buy” rating in a research report on Thursday, September 13th. Finally, Zacks Investment Research lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $29.25.
In other Discovery Communications news, Director Kenneth W. Lowe sold 183,621 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $25.58, for a total transaction of $4,697,025.18. Following the sale, the director now directly owns 1,331,277 shares in the company, valued at approximately $34,054,065.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Savalle Sims sold 1,666 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $28.21, for a total transaction of $46,997.86. Following the sale, the general counsel now owns 208 shares in the company, valued at $5,867.68. The disclosure for this sale can be found here. Insiders have sold a total of 317,374 shares of company stock worth $8,811,521 over the last 90 days. Insiders own 6.73% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE boosted its position in shares of Discovery Communications by 49.1% in the 1st quarter. US Bancorp DE now owns 36,934 shares of the company’s stock worth $791,000 after buying an additional 12,158 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Discovery Communications by 26.1% in the 1st quarter. Toronto Dominion Bank now owns 93,772 shares of the company’s stock worth $2,009,000 after buying an additional 19,438 shares in the last quarter. Natixis Advisors L.P. boosted its position in shares of Discovery Communications by 7.9% in the 1st quarter. Natixis Advisors L.P. now owns 158,551 shares of the company’s stock worth $3,398,000 after buying an additional 11,562 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Discovery Communications by 830.0% in the 1st quarter. JPMorgan Chase & Co. now owns 1,167,604 shares of the company’s stock worth $25,022,000 after buying an additional 1,042,050 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its position in shares of Discovery Communications by 105.5% in the 1st quarter. First Republic Investment Management Inc. now owns 30,020 shares of the company’s stock worth $643,000 after buying an additional 15,409 shares in the last quarter. Institutional investors own 37.35% of the company’s stock.
NASDAQ:DISCA traded down $0.22 during midday trading on Tuesday, reaching $32.93. The stock had a trading volume of 5,772,662 shares, compared to its average volume of 5,025,711. Discovery Communications has a 12-month low of $15.99 and a 12-month high of $34.06. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 0.54 and a beta of 1.44.
Discovery Communications Company Profile
Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.
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