Q2 2017 Earnings Estimate for Discovery Communications, Inc. (NASDAQ:DISCA) Issued By FBR & Co
Discovery Communications, Inc. (NASDAQ:DISCA) – Analysts at FBR & Co dropped their Q2 2017 EPS estimates for Discovery Communications in a research report issued to clients and investors on Thursday. FBR & Co analyst B. Crockett now forecasts that the company will post earnings per share of $0.65 for the quarter, down from their prior estimate of $0.70. FBR & Co has a “Hold” rating and a $30.00 price objective on the stock. FBR & Co also issued estimates for Discovery Communications’ Q3 2017 earnings at $0.55 EPS, Q4 2017 earnings at $0.56 EPS, FY2017 earnings at $2.13 EPS and FY2018 earnings at $2.38 EPS.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.08. The firm had revenue of $1.61 billion for 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 quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS.
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Several other equities analysts have also recently commented on DISCA. Zacks Investment Research cut shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Citigroup Inc. upgraded shares of Discovery Communications from a “sell” rating to a “neutral” rating in a research report on Thursday, April 20th. Pivotal Research restated a “hold” rating and issued a $28.00 target price (up from $27.00) on shares of Discovery Communications in a research report on Sunday, April 23rd. TheStreet upgraded shares of Discovery Communications from a “c+” rating to a “b-” rating in a research report on Thursday, April 20th. Finally, MKM Partners restated a “neutral” rating and issued a $30.00 target price (up from $27.00) on shares of Discovery Communications in a research report on Tuesday, May 2nd. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $28.65.
Shares of Discovery Communications (NASDAQ DISCA) opened at 26.39 on Friday. The stock’s 50 day moving average is $26.19 and its 200 day moving average is $27.38. Discovery Communications has a 12-month low of $23.95 and a 12-month high of $30.25. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of 13.80 and a beta of 1.60.
In other Discovery Communications news, insider Bruce Campbell sold 9,283 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $26.43, for a total value of $245,349.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul A. Gould sold 8,832 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $25.98, for a total transaction of $229,455.36. Following the completion of the transaction, the director now owns 188,676 shares of the company’s stock, valued at $4,901,802.48. The disclosure for this sale can be found here. Corporate insiders own 5.78% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Mn Services Vermogensbeheer B.V. raised its stake in Discovery Communications by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,915 shares of the company’s stock worth $106,000 after buying an additional 215 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Discovery Communications by 24.7% in the first quarter. Daiwa Securities Group Inc. now owns 4,540 shares of the company’s stock worth $132,000 after buying an additional 900 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Discovery Communications during the first quarter worth approximately $134,000. Ameritas Investment Partners Inc. purchased a new stake in Discovery Communications during the first quarter worth approximately $182,000. Finally, Feltz Wealth PLAN Inc. purchased a new stake in Discovery Communications during the first quarter worth approximately $189,000. Hedge funds and other 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.
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