Discovery (NASDAQ:DISCA) released its quarterly earnings data on Sunday. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04, MarketWatch Earnings reports. Discovery had a net margin of 13.36% and a return on equity of 20.76%. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year.
Discovery stock traded down $4.92 during midday trading on Tuesday, reaching $50.37. 621,070 shares of the company traded hands, compared to its average volume of 10,007,455. The firm has a market capitalization of $24.73 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 0.88 and a beta of 1.53. The business has a 50 day moving average of $40.63 and a two-hundred day moving average of $28.07. Discovery has a 12 month low of $17.12 and a 12 month high of $56.02. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.99 and a quick ratio of 1.99.
In related news, Director John C. Malone sold 550,000 shares of the stock in a transaction that occurred on Thursday, December 3rd. The shares were sold at an average price of $28.61, for a total transaction of $15,735,500.00. Following the transaction, the director now owns 787,359 shares in the company, valued at $22,526,340.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.88% of the stock is owned by corporate insiders.
Discovery, Inc operates as a media company in the United States and internationally. The company operates in two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, ID, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.
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