Discovery Communications, Inc. (NASDAQ:DISCA) – Stock analysts at B. Riley reduced their FY2017 earnings per share (EPS) estimates for shares of Discovery Communications in a research report issued on Wednesday. B. Riley analyst B. Crockett now forecasts that the company will post earnings of $1.93 per share for the year, down from their previous forecast of $2.30. B. Riley currently has a “Neutral” rating and a $19.00 price target on the stock. B. Riley also issued estimates for Discovery Communications’ Q4 2017 earnings at $0.42 EPS.
Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.12). Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the company posted $0.47 EPS. Discovery Communications’s revenue for the quarter was up 6.1% on a year-over-year basis.
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A number of other analysts have also weighed in on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $29.00 price target on shares of Discovery Communications in a research note on Friday, October 20th. Credit Suisse Group raised shares of Discovery Communications from an “underperform” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $22.00 in a research note on Thursday, September 14th. ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Discovery Communications in a research note on Thursday, October 12th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.27.
Shares of Discovery Communications (DISCA) opened at $17.19 on Friday. The firm has a market cap of $6,515.94, a P/E ratio of 8.26, a PEG ratio of 0.92 and a beta of 1.55. Discovery Communications has a one year low of $16.20 and a one year high of $30.25. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56.
In other news, insider Paul J. Guagliardo purchased 10,000 shares of Discovery Communications stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of $22.71 per share, for a total transaction of $227,100.00. Following the transaction, the insider now owns 10,000 shares in the company, valued at $227,100. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gunnar Wiedenfels purchased 15,000 shares of Discovery Communications stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average price of $21.70 per share, with a total value of $325,500.00. Following the transaction, the chief financial officer now owns 35,000 shares in the company, valued at approximately $759,500. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 220,000 shares of company stock valued at $3,624,350. 6.81% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC increased its stake in Discovery Communications by 5.2% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 18,606,223 shares of the company’s stock valued at $480,599,000 after buying an additional 917,632 shares during the period. Vanguard Group Inc. increased its stake in Discovery Communications by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock valued at $430,362,000 after buying an additional 858,015 shares during the period. Bank of New York Mellon Corp increased its stake in Discovery Communications by 12.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,966,987 shares of the company’s stock valued at $254,779,000 after buying an additional 1,297,175 shares during the period. BlackRock Inc. increased its stake in Discovery Communications by 2.0% in the 2nd quarter. BlackRock Inc. now owns 9,533,783 shares of the company’s stock valued at $246,259,000 after buying an additional 187,781 shares during the period. Finally, State Street Corp increased its stake in Discovery Communications by 5.4% in the 2nd quarter. State Street Corp now owns 7,346,135 shares of the company’s stock valued at $189,736,000 after buying an additional 376,975 shares during the period. Hedge funds and other institutional investors own 45.81% of the company’s stock.
Discovery Communications Company Profile
Discovery Communications, Inc (Discovery) 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. Its segments include U.S.
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