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.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/28/q2-2017-earnings-estimate-for-discovery-communications-inc-nasdaqdisca-issued-by-fbr-co.html.

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.

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

Receive News & Ratings for Discovery Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.