Discovery Communications, Inc. (NASDAQ:DISCA) – Research analysts at FBR & Co dropped their FY2018 earnings per share (EPS) estimates for shares of Discovery Communications in a report issued on Tuesday. FBR & Co analyst B. Crockett now expects that the company will earn $2.52 per share for the year, down from their previous forecast of $2.53. FBR & Co currently has a “Mkt Perform” rating and a $28.00 target price on the stock. FBR & Co also issued estimates for Discovery Communications’ FY2019 earnings at $2.65 EPS and FY2020 earnings at $2.88 EPS.

DISCA has been the subject of a number of other reports. Barclays PLC cut their target price on Discovery Communications from $25.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, October 13th. ValuEngine upgraded Discovery Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. UBS AG upgraded Discovery Communications from a “sell” rating to a “neutral” rating and cut their target price for the company from $25.00 to $23.00 in a research report on Tuesday, September 26th. Zacks Investment Research downgraded Discovery Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, Piper Jaffray Companies started coverage on Discovery Communications in a research report on Friday, August 11th. They set a “neutral” rating and a $27.00 target price for the company. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.57.

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Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.04). Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the company earned $0.71 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System grew its position in shares of Discovery Communications by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 38,100 shares of the company’s stock valued at $984,000 after buying an additional 300 shares during the last quarter. Jennison Associates LLC grew its position in shares of Discovery Communications by 7.6% in the 2nd quarter. Jennison Associates LLC now owns 25,051 shares of the company’s stock valued at $647,000 after buying an additional 1,775 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Discovery Communications by 2.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 466,304 shares of the company’s stock valued at $12,045,000 after buying an additional 11,792 shares during the last quarter. Swiss National Bank grew its position in shares of Discovery Communications by 3.3% in the 2nd quarter. Swiss National Bank now owns 556,088 shares of the company’s stock valued at $14,364,000 after buying an additional 17,700 shares during the last quarter. Finally, Princeton Portfolio Strategies Group LLC grew its position in shares of Discovery Communications by 2,242.1% in the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 180,340 shares of the company’s stock valued at $4,658,000 after buying an additional 172,640 shares during the last quarter. Hedge funds and other institutional investors own 45.80% of the company’s stock.

In other news, CFO Gunnar Wiedenfels bought 15,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $21.70 per share, with a total value of $325,500.00. Following the acquisition, the chief financial officer now directly owns 35,000 shares in the company, valued at $759,500. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul J. Guagliardo bought 10,000 shares of the stock in a transaction on Friday, August 18th. The stock was purchased at an average cost of $22.71 per share, with a total value of $227,100.00. Following the acquisition, the insider now owns 10,000 shares in the company, valued at $227,100. The disclosure for this purchase can be found here. 6.81% of the stock is owned by corporate insiders.

About Discovery Communications

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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