Q4 2017 EPS Estimates for Discovery Communications, Inc. (DISCA) Increased by Analyst
Discovery Communications, Inc. (NASDAQ:DISCA) – Equities research analysts at Jefferies Group increased their Q4 2017 earnings per share estimates for shares of Discovery Communications in a research note issued on Tuesday. Jefferies Group analyst J. Janedis now forecasts that the company will post earnings of $0.63 per share for the quarter, up from their previous forecast of $0.61. Jefferies Group has a “Hold” rating and a $28.00 price objective on the stock.
DISCA has been the topic of a number of other research reports. Wells Fargo & Company started coverage on Discovery Communications in a research report on Thursday, July 20th. They issued a “market perform” rating and a $28.00 target price on the stock. Credit Suisse Group reaffirmed an “underperform” rating and issued a $24.00 target price on shares of Discovery Communications in a research report on Saturday, July 22nd. 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 issued a $29.00 target price on shares of Discovery Communications in a research report on Tuesday, July 11th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $30.00 target price (down previously from $32.00) on shares of Discovery Communications in a research report on Friday, July 14th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $27.07.
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Discovery Communications (DISCA) opened at 20.53 on Wednesday. Discovery Communications has a 12 month low of $20.14 and a 12 month high of $30.25. The firm has a market capitalization of $11.70 billion, a price-to-earnings ratio of 10.89 and a beta of 1.56. The firm has a 50-day moving average price of $21.63 and a 200 day moving average price of $25.21.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings results on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.04). The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 earnings per share.
A number of large investors have recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC boosted its holdings in Discovery Communications by 5.2% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 18,606,223 shares of the company’s stock valued at $480,599,000 after purchasing an additional 917,632 shares during the period. Clearbridge Investments LLC boosted its holdings in Discovery Communications by 2.3% in the 1st quarter. Clearbridge Investments LLC now owns 17,843,671 shares of the company’s stock valued at $519,072,000 after purchasing an additional 399,171 shares during the period. Vanguard Group Inc. boosted its holdings in Discovery Communications by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock valued at $430,362,000 after purchasing an additional 858,015 shares during the period. BlackRock Inc. boosted its holdings in Discovery Communications by 2.0% in the 2nd quarter. BlackRock Inc. now owns 9,533,783 shares of the company’s stock valued at $246,259,000 after purchasing an additional 187,781 shares during the period. Finally, State Street Corp boosted its holdings in Discovery Communications by 5.4% in the 2nd quarter. State Street Corp now owns 7,346,135 shares of the company’s stock valued at $189,736,000 after purchasing an additional 376,975 shares during the period. 45.84% of the stock is owned by hedge funds and other institutional investors.
In other Discovery Communications news, insider Paul J. Guagliardo acquired 10,000 shares of Discovery Communications stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average cost of $22.71 per share, for a total transaction of $227,100.00. Following the purchase, the insider now owns 10,000 shares of the company’s stock, valued at $227,100. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gunnar Wiedenfels acquired 20,000 shares of Discovery Communications stock in a transaction that occurred on Tuesday, August 1st. The stock was acquired at an average price of $23.01 per share, with a total value of $460,200.00. Following the completion of the purchase, the chief financial officer now directly owns 20,000 shares in the company, valued at approximately $460,200. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 55,000 shares of company stock valued at $1,243,300. 6.81% of the stock is currently owned by company insiders.
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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