Wall Street brokerages expect that Discovery Communications Inc. (NASDAQ:DISCA) will report $0.40 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Discovery Communications’ earnings, with estimates ranging from $0.30 to $0.48. Discovery Communications posted earnings of $0.52 per share in the same quarter last year, which would indicate a negative year over year growth rate of 23.1%. The business is scheduled to announce its next earnings results before the market opens on Tuesday, February 27th.
According to Zacks, analysts expect that Discovery Communications will report full year earnings of $1.95 per share for the current year, with EPS estimates ranging from $1.81 to $2.15. For the next financial year, analysts expect that the firm will post earnings of $2.23 per share, with EPS estimates ranging from $1.76 to $2.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Discovery Communications.
Several equities analysts have recently weighed in on DISCA shares. Loop Capital decreased their price target on shares of Discovery Communications from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Moffett Nathanson raised shares of Discovery Communications from a “sell” rating to a “neutral” rating in a research note on Tuesday. Royal Bank of Canada raised their price target on shares of Discovery Communications to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. B. Riley reaffirmed a “neutral” rating and set a $19.00 price target (down from $23.00) on shares of Discovery Communications in a research note on Wednesday, November 1st. Finally, BidaskClub raised shares of Discovery Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company’s stock. Discovery Communications presently has an average rating of “Hold” and an average target price of $24.44.
Discovery Communications (NASDAQ DISCA) traded up $0.45 during midday trading on Tuesday, reaching $24.31. The company had a trading volume of 4,334,745 shares, compared to its average volume of 5,298,292. Discovery Communications has a twelve month low of $15.99 and a twelve month high of $30.25. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56. The company has a market cap of $8,830.00, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.21 and a beta of 1.59.
In related news, Director John C. Malone acquired 332,523 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was bought at an average price of $19.72 per share, with a total value of $6,557,353.56. Following the acquisition, the director now owns 671,095 shares in the company, valued at approximately $13,233,993.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce Campbell sold 3,047 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $18.17, for a total value of $55,363.99. Following the completion of the sale, the insider now directly owns 43,173 shares of the company’s stock, valued at approximately $784,453.41. The disclosure for this sale can be found here. Corporate insiders own 6.81% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Cowen Inc. acquired a new stake in Discovery Communications during the 3rd quarter valued at $5,880,000. USA Financial Portformulas Corp bought a new position in Discovery Communications during the 3rd quarter worth $335,000. Reinhart Partners Inc. increased its position in Discovery Communications by 41.4% during the 4th quarter. Reinhart Partners Inc. now owns 1,270,171 shares of the company’s stock worth $28,426,000 after buying an additional 372,184 shares during the period. FDx Advisors Inc. increased its position in Discovery Communications by 169.5% during the 3rd quarter. FDx Advisors Inc. now owns 25,243 shares of the company’s stock worth $537,000 after buying an additional 15,875 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Discovery Communications by 25.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,881,497 shares of the company’s stock worth $40,058,000 after buying an additional 383,048 shares during the period. 47.37% of the stock is owned by institutional investors and hedge funds.
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About Discovery Communications
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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