Equities analysts expect Discovery Communications Inc. (NASDAQ:DISCA) to report $0.95 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Discovery Communications’ earnings. The highest EPS estimate is $1.01 and the lowest is $0.89. Discovery Communications reported earnings of $0.74 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 28.4%. The firm is expected to issue its next earnings results before the market opens on Thursday, February 27th.

On average, analysts expect that Discovery Communications will report full-year earnings of $3.70 per share for the current year, with EPS estimates ranging from $3.62 to $3.76. For the next fiscal year, analysts anticipate that the company will report earnings of $4.04 per share, with EPS estimates ranging from $3.74 to $5.07. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Discovery Communications.

Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Thursday, November 7th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.05. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.67 billion. Discovery Communications had a net margin of 16.81% and a return on equity of 23.29%. Discovery Communications’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share.

Several research analysts recently issued reports on the stock. Barrington Research reissued a “buy” rating and set a $40.00 target price on shares of Discovery Communications in a research note on Thursday, November 7th. Wells Fargo & Co increased their target price on shares of Discovery Communications from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. UBS Group increased their target price on shares of Discovery Communications from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Imperial Capital raised shares of Discovery Communications from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $29.00 to $34.00 in a research note on Tuesday, October 22nd. Finally, Rosenblatt Securities increased their target price on shares of Discovery Communications from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Sunday, November 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Discovery Communications currently has a consensus rating of “Hold” and a consensus price target of $36.67.

NASDAQ DISCA traded up $0.32 on Tuesday, hitting $30.52. 3,692,780 shares of the company were exchanged, compared to its average volume of 3,962,459. The company has a market cap of $15.93 billion, a PE ratio of 11.78, a PEG ratio of 0.35 and a beta of 1.62. Discovery Communications has a 12 month low of $25.08 and a 12 month high of $33.65. The stock has a fifty day moving average of $32.18 and a 200-day moving average of $29.86. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.33.

In other Discovery Communications news, insider David Leavy sold 44,970 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $32.25, for a total value of $1,450,282.50. Following the transaction, the insider now directly owns 211,883 shares of the company’s stock, valued at $6,833,226.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Malone acquired 2,670,000 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of $28.03 per share, for a total transaction of $74,840,100.00. Following the completion of the purchase, the director now directly owns 10,317,937 shares of the company’s stock, valued at approximately $289,211,774.11. The disclosure for this purchase can be found here. Insiders sold 70,570 shares of company stock worth $2,292,705 over the last ninety days. Insiders own 4.43% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the business. Evoke Wealth LLC bought a new position in shares of Discovery Communications during the third quarter valued at about $26,000. Truewealth LLC purchased a new stake in Discovery Communications during the fourth quarter worth about $26,000. Covington Capital Management increased its holdings in Discovery Communications by 106.0% during the third quarter. Covington Capital Management now owns 1,030 shares of the company’s stock worth $27,000 after buying an additional 530 shares during the last quarter. CSat Investment Advisory L.P. increased its holdings in Discovery Communications by 89.5% during the second quarter. CSat Investment Advisory L.P. now owns 902 shares of the company’s stock worth $28,000 after buying an additional 426 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in Discovery Communications by 558.7% during the third quarter. Steward Partners Investment Advisory LLC now owns 1,133 shares of the company’s stock worth $30,000 after buying an additional 961 shares during the last quarter. 35.42% of the stock is currently owned by hedge funds and other institutional investors.

About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through 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, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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