Barrington Research Brokers Lower Earnings Estimates for Discovery Communications Inc. (DISCA)
Discovery Communications Inc. (NASDAQ:DISCA) – Analysts at Barrington Research cut their Q1 2017 earnings estimates for Discovery Communications in a research report issued to clients and investors on Monday. Barrington Research analyst J. Goss now expects that the firm will earn $0.50 per share for the quarter, down from their previous estimate of $0.55. Barrington Research has a “Market Perform” rating on the stock. Barrington Research also issued estimates for Discovery Communications’ Q2 2017 earnings at $0.64 EPS, Q3 2017 earnings at $0.51 EPS and FY2017 earnings at $2.19 EPS.
Several other research firms also recently commented on DISCA. Zacks Investment Research downgraded Discovery Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Jefferies Group reaffirmed a “hold” rating on shares of Discovery Communications in a research note on Monday, August 29th. Nomura reduced their price objective on Discovery Communications from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, October 3rd. Loop Capital reaffirmed a “buy” rating and set a $31.00 price objective on shares of Discovery Communications in a research note on Saturday, September 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $36.00 price objective on shares of Discovery Communications in a research note on Monday, June 27th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. Discovery Communications presently has an average rating of “Hold” and a consensus target price of $30.15.
Shares of Discovery Communications (NASDAQ:DISCA) traded up 0.099% during mid-day trading on Tuesday, hitting $25.315. The stock had a trading volume of 839,567 shares. The company has a market cap of $10.59 billion, a PE ratio of 13.766 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 $25.81 and a 200-day moving average price of $26.51.
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Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. Discovery Communications had a return on equity of 23.45% and a net margin of 18.06%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DISCA. Rothschild Investment Corp IL bought a new position in Discovery Communications during the third quarter valued at approximately $265,000. Private Trust Co. NA raised its position in Discovery Communications by 1.3% in the third quarter. Private Trust Co. NA now owns 28,562 shares of the company’s stock valued at $768,000 after buying an additional 363 shares during the period. Parametrica Management Ltd bought a new position in Discovery Communications during the third quarter valued at approximately $256,000. Nisa Investment Advisors LLC raised its position in Discovery Communications by 12.8% in the third quarter. Nisa Investment Advisors LLC now owns 41,333 shares of the company’s stock valued at $1,113,000 after buying an additional 4,676 shares during the period. Finally, British Columbia Investment Management Corp raised its position in Discovery Communications by 107.5% in the third quarter. British Columbia Investment Management Corp now owns 112,255 shares of the company’s stock valued at $3,022,000 after buying an additional 58,165 shares during the period. 40.65% of the stock is currently owned by institutional investors.
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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