Jefferies Group Research Analysts Raise Earnings Estimates for Discovery Communications, Inc. (DISCA)
Discovery Communications, Inc. (NASDAQ:DISCA) – Research analysts at Jefferies Group raised their FY2017 EPS estimates for Discovery Communications in a report issued on Tuesday. Jefferies Group analyst J. Janedis now forecasts that the company will post earnings of $2.29 per share for the year, up from their previous estimate of $2.28. Jefferies Group has a “Hold” rating and a $28.00 price target on the stock. Jefferies Group also issued estimates for Discovery Communications’ Q1 2018 earnings at $0.58 EPS, Q2 2018 earnings at $0.74 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.64 EPS and FY2018 earnings at $2.53 EPS.
Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the firm posted $0.71 earnings per share. Discovery Communications’s revenue for the quarter was up 2.2% on a year-over-year basis. TRADEMARK VIOLATION WARNING: This piece was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/10/12/jefferies-group-research-analysts-raise-earnings-estimates-for-discovery-communications-inc-disca.html.
DISCA has been the subject of several other research reports. BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Cowen and Company reaffirmed a “hold” rating and set a $29.00 target price on shares of Discovery Communications in a research note on Tuesday, July 11th. Piper Jaffray Companies started coverage on shares of Discovery Communications in a research note on Friday, August 11th. They set a “neutral” rating and a $27.00 target price for the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $32.00 target price on shares of Discovery Communications in a research note on Friday, July 14th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $30.00 target price (down previously from $32.00) on shares of Discovery Communications in a research note on Friday, July 14th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.07.
Discovery Communications (NASDAQ DISCA) opened at 20.00 on Thursday. The stock has a market capitalization of $11.40 billion, a PE ratio of 10.61 and a beta of 1.56. Discovery Communications has a 1-year low of $19.95 and a 1-year high of $30.25. The company’s 50 day moving average is $21.56 and its 200-day moving average is $25.18.
In related news, insider Paul J. Guagliardo acquired 10,000 shares of the business’s stock in a transaction on Friday, August 18th. The shares were bought at an average price of $22.71 per share, with a total value of $227,100.00. Following the completion of the acquisition, the insider now owns 10,000 shares in the company, valued at $227,100. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gunnar Wiedenfels acquired 20,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were bought at an average cost of $23.01 per share, for a total transaction of $460,200.00. Following the acquisition, the chief financial officer now owns 20,000 shares of the company’s stock, valued at approximately $460,200. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 55,000 shares of company stock worth $1,243,300. 6.81% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in shares of Discovery Communications by 437.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock valued at $102,000 after acquiring an additional 3,230 shares during the period. Ballentine Partners LLC acquired a new position in shares of Discovery Communications in the 2nd quarter valued at $133,000. Ameritas Investment Partners Inc. acquired a new position in shares of Discovery Communications in the 1st quarter valued at $182,000. Horizon Investment Services LLC acquired a new position in shares of Discovery Communications in the 1st quarter valued at $202,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in shares of Discovery Communications by 112.1% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,000 shares of the company’s stock valued at $204,000 after acquiring an additional 3,700 shares during the period. 45.84% of the stock is currently owned by institutional investors and hedge funds.
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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