Brokerages predict that Discovery Communications, Inc. (NASDAQ:DISCA) will post earnings of $0.70 per share for the current quarter, according to Zacks. Six analysts have made estimates for Discovery Communications’ earnings, with estimates ranging from $0.61 to $0.76. Discovery Communications reported earnings of $0.71 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.4%. The firm is expected to report its next quarterly earnings report before the market opens on Tuesday, August 8th.

On average, analysts expect that Discovery Communications will report full-year earnings of $2.28 per share for the current year, with EPS estimates ranging from $2.25 to $2.34. For the next fiscal year, analysts expect that the firm will report earnings of $2.63 per share, with EPS estimates ranging from $2.47 to $2.75. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Discovery Communications.

Discovery Communications (NASDAQ:DISCA) last announced its earnings results on Tuesday, May 9th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.08. Discovery Communications had a return on equity of 23.67% and a net margin of 17.50%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the company posted $0.46 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year.

DISCA has been the topic of a number of analyst reports. TheStreet downgraded shares of Discovery Communications from a “b-” rating to a “c+” rating in a report on Thursday, May 18th. MKM Partners reaffirmed a “neutral” rating and set a $30.00 price objective (up from $27.00) on shares of Discovery Communications in a report on Tuesday, May 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $28.00 price objective on shares of Discovery Communications in a report on Friday. Moffett Nathanson reaffirmed a “sell” rating on shares of Discovery Communications in a report on Friday, June 9th. Finally, Royal Bank Of Canada set a $32.00 price objective on shares of Discovery Communications and gave the stock a “buy” rating in a report on Monday, June 12th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $29.07.

Shares of Discovery Communications (NASDAQ:DISCA) traded down 3.48% on Tuesday, reaching $25.51. 2,682,813 shares of the company traded hands. Discovery Communications has a one year low of $23.66 and a one year high of $30.25. The company has a market capitalization of $11.30 billion, a PE ratio of 13.34 and a beta of 1.61. The firm has a 50-day moving average price of $26.24 and a 200 day moving average price of $27.76.

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In related news, Director Paul A. Gould sold 8,832 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $25.98, for a total value of $229,455.36. Following the sale, the director now directly owns 188,676 shares in the company, valued at approximately $4,901,802.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bruce Campbell sold 9,283 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $26.43, for a total value of $245,349.69. The disclosure for this sale can be found here. 5.78% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Aviva PLC boosted its stake in shares of Discovery Communications by 6.0% in the fourth quarter. Aviva PLC now owns 99,503 shares of the company’s stock worth $2,728,000 after buying an additional 5,607 shares in the last quarter. FMR LLC boosted its stake in shares of Discovery Communications by 11.1% in the fourth quarter. FMR LLC now owns 3,030,306 shares of the company’s stock worth $83,060,000 after buying an additional 303,108 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Discovery Communications by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,036,397 shares of the company’s stock worth $28,412,000 after buying an additional 7,468 shares in the last quarter. British Columbia Investment Management Corp boosted its stake in shares of Discovery Communications by 206.7% in the first quarter. British Columbia Investment Management Corp now owns 248,582 shares of the company’s stock worth $7,231,000 after buying an additional 167,537 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of Discovery Communications by 12.9% in the fourth quarter. Comerica Bank now owns 46,435 shares of the company’s stock worth $1,272,000 after buying an additional 5,305 shares in the last quarter. Institutional investors and hedge funds own 44.55% 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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.

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