Shares of Discovery, Inc. (NASDAQ:DISCA) have been given a consensus rating of “Hold” by the twenty-seven brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $25.80.
A number of equities research analysts have recently weighed in on the stock. Moffett Nathanson upgraded shares of Discovery from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. JPMorgan Chase upgraded shares of Discovery from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $26.77 to $29.00 in a report on Thursday, May 3rd. Zacks Investment Research lowered shares of Discovery from a “buy” rating to a “hold” rating in a report on Thursday, May 3rd. Royal Bank of Canada boosted their price objective on shares of Discovery to $29.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Finally, BidaskClub lowered shares of Discovery from a “buy” rating to a “hold” rating in a report on Tuesday, May 8th.
Discovery traded down $0.20, hitting $23.83, during mid-day trading on Monday, MarketBeat.com reports. 6,634,400 shares of the company traded hands, compared to its average volume of 5,698,633. Discovery has a one year low of $23.46 and a one year high of $24.00. The firm has a market cap of $9.18 billion, a PE ratio of 10.64, a PEG ratio of 0.59 and a beta of 1.52. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.83 and a quick ratio of 1.83.
Discovery (NASDAQ:DISCA) last announced its earnings results on Tuesday, May 8th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.08. Discovery had a negative net margin of 7.40% and a positive return on equity of 19.34%. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the business posted $0.41 earnings per share. Discovery’s revenue for the quarter was up 43.0% on a year-over-year basis. research analysts anticipate that Discovery will post 2.77 earnings per share for the current year.
In related news, insider David Leavy sold 20,673 shares of Discovery stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $23.41, for a total value of $483,954.93. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Gunnar Wiedenfels acquired 10,000 shares of Discovery stock in a transaction on Wednesday, May 9th. The shares were bought at an average cost of $21.29 per share, for a total transaction of $212,900.00. Following the completion of the transaction, the chief financial officer now owns 60,000 shares in the company, valued at approximately $1,277,400. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 39,482 shares of company stock worth $913,006. 6.73% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. Icon Wealth Partners LLC purchased a new position in Discovery during the 4th quarter valued at $106,000. Delpha Capital Management LLC purchased a new position in Discovery during the 4th quarter valued at $149,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in Discovery during the 4th quarter valued at $167,000. Laurel Wealth Advisors Inc. purchased a new position in Discovery during the 4th quarter valued at $234,000. Finally, First Mercantile Trust Co. increased its position in Discovery by 33.5% during the 1st quarter. First Mercantile Trust Co. now owns 10,600 shares of the company’s stock valued at $227,000 after purchasing an additional 2,660 shares during the period. 49.10% of the stock is currently owned by institutional investors and hedge funds.
Discovery 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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