Discovery (NASDAQ:DISCA) released its earnings results on Sunday. The company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.04, MarketWatch Earnings reports. Discovery had a net margin of 13.36% and a return on equity of 20.76%. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis.
DISCA stock opened at $55.29 on Tuesday. The firm has a market cap of $27.15 billion, a P/E ratio of 26.84, a P/E/G ratio of 0.88 and a beta of 1.53. The firm’s fifty day moving average is $40.63 and its 200 day moving average is $28.07. Discovery has a 52 week low of $17.12 and a 52 week high of $56.02. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.99 and a current ratio of 1.99.
In other news, Director John C. Malone sold 550,000 shares of the business’s stock in a transaction dated Thursday, December 3rd. The stock was sold at an average price of $28.61, for a total value of $15,735,500.00. Following the completion of the sale, the director now owns 787,359 shares of the company’s stock, valued at approximately $22,526,340.99. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.88% of the stock is owned by company insiders.
Discovery, Inc operates as a media company in the United States and internationally. The company operates in two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, ID, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.
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