Discovery Communications Inc. (NASDAQ:DISCA) – Equities research analysts at Barrington Research lowered their FY2018 earnings per share estimates for shares of Discovery Communications in a research note issued to investors on Monday, February 4th. Barrington Research analyst J. Goss now expects that the company will post earnings per share of $2.56 for the year, down from their prior estimate of $2.57.
Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Tuesday, November 27th. Citigroup increased their target price on shares of Discovery Communications from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, November 20th. MKM Partners increased their target price on shares of Discovery Communications from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, November 14th. Barclays set a $27.00 target price on shares of Discovery Communications and gave the company an “equal weight” rating in a research report on Friday, October 26th. Finally, Cannonball Research downgraded shares of Discovery Communications to a “hold” rating and set a $33.00 price objective for the company. in a report on Monday, November 19th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $32.38.
Discovery Communications stock opened at $29.04 on Wednesday. Discovery Communications has a twelve month low of $20.59 and a twelve month high of $34.89. The company has a market cap of $15.20 billion, a PE ratio of 12.96, a P/E/G ratio of 0.30 and a beta of 1.38. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.61.
Discovery Communications (NASDAQ:DISCA) last released its earnings results on Thursday, November 8th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.10). Discovery Communications had a negative net margin of 8.52% and a positive return on equity of 17.05%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The firm’s revenue was up 57.0% on a year-over-year basis.
In other news, insider David Leavy sold 39,278 shares of the firm’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $31.65, for a total transaction of $1,243,148.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kenneth W. Lowe sold 58,000 shares of the firm’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $28.88, for a total transaction of $1,675,040.00. Following the sale, the director now owns 1,236,060 shares in the company, valued at approximately $35,697,412.80. The disclosure for this sale can be found here. Insiders sold a total of 147,278 shares of company stock worth $4,391,689 over the last quarter. Corporate insiders own 6.73% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its position in shares of Discovery Communications by 4,198.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,944,085 shares of the company’s stock valued at $119,000 after buying an additional 2,875,598 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Discovery Communications by 18.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 11,382 shares of the company’s stock valued at $282,000 after purchasing an additional 1,792 shares during the last quarter. Exane Asset Management bought a new position in shares of Discovery Communications during the 4th quarter valued at $69,000. Chicago Equity Partners LLC grew its holdings in shares of Discovery Communications by 129.1% during the 4th quarter. Chicago Equity Partners LLC now owns 14,355 shares of the company’s stock valued at $355,000 after purchasing an additional 8,090 shares during the last quarter. Finally, Chase Investment Counsel Corp bought a new position in shares of Discovery Communications during the 4th quarter valued at $2,027,000. Hedge funds and other institutional investors own 35.23% of the company’s stock.
About Discovery Communications
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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