Discovery (NASDAQ:DISCA) Releases Earnings Results


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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.

Several brokerages recently issued reports on DISCA. Macquarie boosted their price target on shares of Discovery from $30.00 to $40.00 in a research report on Thursday, January 28th. Citigroup cut shares of Discovery from a “buy” rating to a “neutral” rating and boosted their price target for the company from $36.00 to $46.00 in a research report on Monday, February 1st. KeyCorp began coverage on shares of Discovery in a research report on Tuesday, December 8th. They set a “sector weight” rating and a $31.00 price target on the stock. Smith Barney Citigroup boosted their price target on shares of Discovery from $28.00 to $36.00 in a research report on Wednesday, January 6th. Finally, Barclays boosted their price target on shares of Discovery from $29.00 to $34.00 and gave the company an “underweight” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. Discovery currently has an average rating of “Hold” and a consensus price target of $36.33.

About Discovery

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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Earnings History for Discovery (NASDAQ:DISCA)

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