Discovery Communications, Inc. (NASDAQ:DISCA) – Equities researchers at FBR & Co dropped their FY2017 earnings per share estimates for shares of Discovery Communications in a research report issued to clients and investors on Tuesday. FBR & Co analyst B. Crockett now anticipates that the company will post earnings of $2.31 per share for the year, down from their prior estimate of $2.32. FBR & Co has a “Hold” rating and a $30.00 price objective on the stock. FBR & Co also issued estimates for Discovery Communications’ Q4 2017 earnings at $0.61 EPS, FY2018 earnings at $2.58 EPS, FY2019 earnings at $2.93 EPS and FY2020 earnings at $3.05 EPS.

A number of other research firms have also commented on DISCA. BidaskClub raised Discovery Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Cowen and Company reaffirmed a “hold” rating and set a $29.00 price target on shares of Discovery Communications in a research report on Tuesday, July 11th. Moffett Nathanson reaffirmed a “sell” rating on shares of Discovery Communications in a research report on Friday, June 9th. TheStreet raised Discovery Communications from a “c+” rating to a “b-” rating in a research report on Thursday, April 20th. Finally, Citigroup Inc. upgraded Discovery Communications from a “sell” rating to a “neutral” rating in a report on Thursday, April 20th. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $28.65.

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Discovery Communications (NASDAQ DISCA) traded down 0.79% during trading on Thursday, reaching $26.37. 4,922,916 shares of the company’s stock were exchanged. Discovery Communications has a 52-week low of $23.95 and a 52-week high of $30.25. The stock’s 50-day moving average price is $26.19 and its 200-day moving average price is $27.39. The company has a market capitalization of $11.68 billion, a price-to-earnings ratio of 13.79 and a beta of 1.60.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Tuesday, May 9th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by $0.08. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.63 billion. Discovery Communications had a return on equity of 23.67% and a net margin of 17.50%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS.

In other Discovery Communications news, Director Paul A. Gould sold 8,832 shares of Discovery Communications stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $25.98, for a total value of $229,455.36. Following the completion of the transaction, the director now directly owns 188,676 shares of the company’s stock, valued at approximately $4,901,802.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bruce Campbell sold 9,283 shares of Discovery Communications stock in a transaction on 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. Company insiders own 5.78% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. New England Research & Management Inc. raised its position in shares of Discovery Communications by 84.1% in the first quarter. New England Research & Management Inc. now owns 20,890 shares of the company’s stock valued at $608,000 after buying an additional 9,540 shares during the last quarter. Denali Advisors LLC raised its position in shares of Discovery Communications by 1.8% in the first quarter. Denali Advisors LLC now owns 547,031 shares of the company’s stock valued at $15,913,000 after buying an additional 9,889 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Discovery Communications by 3.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 132,537 shares of the company’s stock valued at $3,856,000 after buying an additional 4,619 shares during the last quarter. Deane Retirement Strategies Inc. raised its position in shares of Discovery Communications by 5.7% in the first quarter. Deane Retirement Strategies Inc. now owns 145,532 shares of the company’s stock valued at $4,229,000 after buying an additional 7,864 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Discovery Communications by 1.2% in the fourth quarter. Macquarie Group Ltd. now owns 57,377 shares of the company’s stock valued at $1,573,000 after buying an additional 690 shares during the last quarter. Institutional investors own 44.26% 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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.

Earnings History and Estimates for Discovery Communications (NASDAQ:DISCA)

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