Discovery Communications (DISCA) Earning Somewhat Positive News Coverage, Report Shows
Media stories about Discovery Communications (NASDAQ:DISCA) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Discovery Communications earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.9976215716372 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Should You Get Rid of Discovery Communications (DISCA) Now? (nasdaq.com)
- Discovery Communications, Inc. to Post FY2017 Earnings of $1.95 Per Share, Barrington Research Forecasts (DISCA) (americanbankingnews.com)
- Hot Stock Analysis: Discovery Communications Inc (NASDAQ: DISCA) – Alpha Beta Stock (alphabetastock.com)
- Average True Range (ATR) to Consider – Discovery Communications, Inc., (NASDAQ: DISCA) – Stock Watch (stocksnewstimes.com)
- Sector Trader’s Alert:- Discovery Communications, Inc. (NASDAQ:DISCA) a CATV Systems Company – The Stock Street (press release) (thestreetpoint.com)
A number of research firms recently issued reports on DISCA. B. Riley reissued a “neutral” rating and issued a $19.00 price target (down from $23.00) on shares of Discovery Communications in a research note on Wednesday, November 1st. Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a research note on Wednesday, August 2nd. Royal Bank Of Canada decreased their target price on shares of Discovery Communications from $32.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, August 17th. Piper Jaffray Companies started coverage on shares of Discovery Communications in a research note on Friday, August 11th. They set a “neutral” rating and a $27.00 target price for the company. Finally, MKM Partners reaffirmed a “neutral” rating and set a $26.00 target price (down previously from $30.00) on shares of Discovery Communications in a research note on Wednesday, August 2nd. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. Discovery Communications presently has a consensus rating of “Hold” and a consensus price target of $24.27.
Shares of Discovery Communications (NASDAQ:DISCA) traded down $0.29 during midday trading on Friday, hitting $17.50. 2,263,104 shares of the company’s stock were exchanged, compared to its average volume of 6,281,297. Discovery Communications has a fifty-two week low of $15.99 and a fifty-two week high of $30.25. The company has a market capitalization of $6,743.37, a P/E ratio of 8.55, a price-to-earnings-growth ratio of 0.97 and a beta of 1.55. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56.
Discovery Communications (NASDAQ:DISCA) last announced its earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. Discovery Communications’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 EPS. research analysts forecast that Discovery Communications will post 2.02 earnings per share for the current year.
In other news, Director J David Wargo purchased 80,000 shares of Discovery Communications stock in a transaction that occurred on Friday, November 3rd. The stock was bought at an average price of $15.80 per share, with a total value of $1,264,000.00. Following the completion of the transaction, the director now directly owns 147,591 shares of the company’s stock, valued at $2,331,937.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Gunnar Wiedenfels purchased 15,000 shares of Discovery Communications stock in a transaction that occurred on Friday, November 3rd. The shares were purchased at an average cost of $15.45 per share, with a total value of $231,750.00. Following the transaction, the chief financial officer now directly owns 50,000 shares of the company’s stock, valued at $772,500. The disclosure for this purchase can be found here. Insiders have purchased 195,000 shares of company stock valued at $3,071,750 in the last three months. 6.81% of the stock is owned by insiders.
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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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