Discovery Communications, Inc. to Post FY2017 Earnings of $1.95 Per Share, Barrington Research Forecasts (DISCA)
Discovery Communications, Inc. (NASDAQ:DISCA) – Barrington Research cut their FY2017 EPS estimates for Discovery Communications in a research report issued on Tuesday. Barrington Research analyst J. Goss now anticipates that the company will earn $1.95 per share for the year, down from their previous estimate of $2.25. Barrington Research has a “Market Perform” rating on the stock. Barrington Research also issued estimates for Discovery Communications’ Q1 2018 earnings at $0.53 EPS, Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.54 EPS, Q4 2018 earnings at $0.55 EPS, FY2018 earnings at $2.30 EPS and FY2019 earnings at $2.65 EPS.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly 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 firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share.
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A number of other equities analysts have also weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $24.00 price objective (down previously from $29.00) on shares of Discovery Communications in a research note on Friday, November 3rd. Barclays PLC lowered their price objective on Discovery Communications from $25.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, October 13th. ValuEngine raised Discovery Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Credit Suisse Group lowered their price objective on Discovery Communications from $22.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, November 6th. Finally, UBS Group AG raised Discovery Communications from a “sell” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $23.00 in a research note on Tuesday, September 26th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $24.27.
Shares of Discovery Communications (DISCA) opened at $17.79 on Thursday. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87. The stock has a market capitalization of $6,538.68, a P/E ratio of 8.29, a PEG ratio of 0.92 and a beta of 1.55. Discovery Communications has a 12 month low of $15.99 and a 12 month high of $30.25.
Several hedge funds and other institutional investors have recently made changes to their positions in DISCA. Teachers Advisors LLC boosted its position in shares of Discovery Communications by 2.4% in the 1st quarter. Teachers Advisors LLC now owns 324,725 shares of the company’s stock valued at $9,446,000 after purchasing an additional 7,728 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Discovery Communications by 10.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,145,256 shares of the company’s stock valued at $33,309,000 after purchasing an additional 108,859 shares during the period. Bank of Montreal Can raised its stake in Discovery Communications by 270.0% during the 2nd quarter. Bank of Montreal Can now owns 159,594 shares of the company’s stock valued at $4,123,000 after acquiring an additional 116,466 shares during the last quarter. NN Investment Partners Holdings N.V. raised its stake in Discovery Communications by 1,761.3% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 16,305 shares of the company’s stock valued at $422,000 after acquiring an additional 15,429 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in Discovery Communications by 573.8% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 26,380 shares of the company’s stock valued at $681,000 after acquiring an additional 22,465 shares during the last quarter. 46.23% of the stock is owned by hedge funds and other institutional investors.
In other Discovery Communications news, CFO Gunnar Wiedenfels acquired 15,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was acquired 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 owns 50,000 shares in the company, valued at approximately $772,500. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director J David Wargo acquired 80,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were acquired at an average cost of $15.80 per share, with a total value of $1,264,000.00. Following the completion of the transaction, the director now owns 147,591 shares in the company, valued at approximately $2,331,937.80. The disclosure for this purchase can be found here. Insiders have purchased a total of 195,000 shares of company stock valued at $3,071,750 over the last three months. 6.81% of the stock is currently owned by insiders.
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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