Q4 2017 EPS Estimates for Discovery Communications Inc. Lifted by Jefferies Group (DISCA)
Discovery Communications Inc. (NASDAQ:DISCA) – Investment analysts at Jefferies Group upped their Q4 2017 earnings per share estimates for Discovery Communications in a research report issued on Monday. Jefferies Group analyst J. Janedis now expects that the firm will post earnings of $0.65 per share for the quarter, up from their previous estimate of $0.64. Jefferies Group has a “Hold” rating on the stock.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Discovery Communications had a net margin of 18.06% and a return on equity of 23.45%. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the business posted $0.49 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year.
Several other research firms have also weighed in on DISCA. Loop Capital reiterated a “buy” rating and issued a $31.00 price objective on shares of Discovery Communications in a research note on Saturday, September 3rd. Zacks Investment Research lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Moffett Nathanson lowered shares of Discovery Communications from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $31.00 to $21.00 in a research note on Tuesday, September 27th. MKM Partners increased their price target on shares of Discovery Communications from $27.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 3rd. Finally, Barrington Research lowered shares of Discovery Communications from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 29th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. Discovery Communications has an average rating of “Hold” and an average target price of $30.15.
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Shares of Discovery Communications (NASDAQ:DISCA) traded down 1.87% during trading on Tuesday, reaching $25.68. 2,722,086 shares of the company’s stock were exchanged. Discovery Communications has a 52-week low of $23.66 and a 52-week high of $31.80. The company has a 50 day moving average of $25.85 and a 200 day moving average of $26.58. The firm has a market capitalization of $10.74 billion, a P/E ratio of 13.96 and a beta of 1.59.
Several institutional investors have recently made changes to their positions in DISCA. Nordea Investment Management AB boosted its position in shares of Discovery Communications by 10.1% in the second quarter. Nordea Investment Management AB now owns 4,141 shares of the company’s stock worth $104,000 after buying an additional 381 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Discovery Communications by 3.7% in the second quarter. Pacer Advisors Inc. now owns 4,507 shares of the company’s stock worth $114,000 after buying an additional 160 shares in the last quarter. Advisor Group Inc. acquired a new position in shares of Discovery Communications during the second quarter worth about $116,000. Creative Planning boosted its position in shares of Discovery Communications by 10.7% in the second quarter. Creative Planning now owns 5,220 shares of the company’s stock worth $132,000 after buying an additional 503 shares in the last quarter. Finally, Euclid Advisors LLC boosted its position in shares of Discovery Communications by 9.5% in the first quarter. Euclid Advisors LLC now owns 5,200 shares of the company’s stock worth $149,000 after buying an additional 450 shares in the last quarter. Institutional investors own 40.59% of the company’s stock.
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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.
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