Discovery Communications (DISCA) Earning Somewhat Favorable Press Coverage, Report Shows
News stories about Discovery Communications (NASDAQ:DISCA) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Discovery Communications earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.8976977764855 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Important Factors to Analyse A Good Investment – Discovery Communications, Inc., (NASDAQ: DISCA) – Stock Watch (stocksnewstimes.com)
- Innovative stocks: Discovery Communications, Inc. (NASDAQ:DISCA) a CATV Systems Company – The Stock Street (press release) (thestreetpoint.com)
- Morning Buzz Discovery Communications, Inc. (NASDAQ:DISCA) a CATV Systems Company – The Stock Street (press release) (thestreetpoint.com)
- Stock’s Technical Analysis: Discovery Communications Inc (NASDAQ: DISCA) – Alpha Beta Stock (alphabetastock.com)
- ETFs with exposure to Discovery Communications, Inc. : November 20, 2017 (finance.yahoo.com)
Discovery Communications (NASDAQ DISCA) traded down $0.19 on Tuesday, hitting $17.36. The stock had a trading volume of 6,616,100 shares, compared to its average volume of 3,726,012. The stock has a market capitalization of $6,370.00, a price-to-earnings ratio of 8.44, a P/E/G ratio of 0.94 and a beta of 1.57. Discovery Communications has a one year low of $15.99 and a one year high of $30.25. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87.
Discovery Communications (NASDAQ:DISCA) last released its earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Discovery Communications had a net margin of 13.51% and a return on equity of 10.40%. Discovery Communications’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 EPS. equities analysts expect that Discovery Communications will post 2.05 earnings per share for the current year.
A number of brokerages have issued reports on DISCA. MKM Partners reaffirmed a “neutral” rating and set a $26.00 price target (down from $30.00) on shares of Discovery Communications in a research note on Wednesday, August 2nd. 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. Barrington Research reaffirmed a “market perform” rating on shares of Discovery Communications in a research note on Wednesday, August 2nd. Royal Bank Of Canada decreased their price target on Discovery Communications from $32.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, August 17th. Finally, Pivotal Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, August 8th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $24.27.
In related news, CFO Gunnar Wiedenfels purchased 15,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were acquired at an average cost of $15.45 per share, with a total value of $231,750.00. Following the completion of the purchase, the chief financial officer now owns 50,000 shares of the company’s stock, valued at approximately $772,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J David Wargo purchased 80,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was bought at an average cost of $15.80 per share, for a total transaction of $1,264,000.00. Following the completion of the purchase, the director now directly owns 147,591 shares of the company’s stock, valued at approximately $2,331,937.80. The disclosure for this purchase can be found here. Insiders bought 195,000 shares of company stock valued at $3,071,750 in the last 90 days. Corporate insiders own 6.81% 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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