Q3 2016 Earnings Estimate for Discovery Communications Inc. (DISCA) Issued By FBR & Co
Discovery Communications Inc. (NASDAQ:DISCA) – Equities researchers at FBR & Co decreased their Q3 2016 earnings estimates for Discovery Communications in a report released on Friday. FBR & Co analyst B. Crockett now expects that the firm will earn $0.43 per share for the quarter, down from their prior forecast of $0.44. FBR & Co currently has a “Hold” rating on the stock.
Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Tuesday, August 2nd. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The company earned $1.71 billion during the quarter, compared to the consensus estimate of $1.71 billion. Discovery Communications had a return on equity of 23.45% and a net margin of 18.06%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.49 EPS.
A number of other analysts have also recently issued reports on DISCA. Royal Bank Of Canada reissued a “buy” rating and issued a $36.00 price objective on shares of Discovery Communications in a research note on Monday, June 27th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Discovery Communications in a research note on Saturday, July 9th. Zacks Investment Research cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. MKM Partners reduced their price objective on shares of Discovery Communications from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, July 18th. Finally, Pivotal Research reissued a “buy” rating on shares of Discovery Communications in a research note on Monday, August 1st. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Discovery Communications currently has an average rating of “Hold” and an average price target of $30.15.
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Shares of Discovery Communications (NASDAQ:DISCA) opened at 25.34 on Monday. The firm has a market capitalization of $10.60 billion, a P/E ratio of 13.78 and a beta of 1.59. Discovery Communications has a 52 week low of $23.66 and a 52 week high of $31.80. The stock has a 50 day moving average price of $25.83 and a 200 day moving average price of $26.55.
A number of large investors have recently made changes to their positions in the stock. Advantus Capital Management Inc raised its stake in shares of Discovery Communications by 0.8% in the second quarter. Advantus Capital Management Inc now owns 14,727 shares of the company’s stock worth $372,000 after buying an additional 123 shares during the last quarter. World Asset Management Inc raised its stake in Discovery Communications by 1.0% in the second quarter. World Asset Management Inc now owns 15,357 shares of the company’s stock valued at $387,000 after buying an additional 146 shares in the last quarter. Pacer Advisors Inc. raised its stake in Discovery Communications by 3.7% in the second quarter. Pacer Advisors Inc. now owns 4,507 shares of the company’s stock valued at $114,000 after buying an additional 160 shares in the last quarter. Opera Trading Capital raised its stake in Discovery Communications by 0.9% in the first quarter. Opera Trading Capital now owns 18,336 shares of the company’s stock valued at $524,000 after buying an additional 170 shares in the last quarter. Finally, Gofen & Glossberg LLC IL raised its stake in Discovery Communications by 0.9% in the third quarter. Gofen & Glossberg LLC IL now owns 18,570 shares of the company’s stock valued at $500,000 after buying an additional 170 shares in the last quarter. Institutional investors own 40.59% of the company’s stock.
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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.
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