Zacks: Brokerages Anticipate Discovery Communications Inc. (DISCA) Will Announce Quarterly Sales of $1.78 Billion

Wall Street analysts predict that Discovery Communications Inc. (NASDAQ:DISCA) will report sales of $1.78 billion for the current quarter, according to Zacks. Six analysts have made estimates for Discovery Communications’ earnings. The lowest sales estimate is $1.74 billion and the highest is $1.82 billion. Discovery Communications reported sales of $1.67 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6.6%. The firm is expected to report its next quarterly earnings results before the market opens on Tuesday, February 27th.

According to Zacks, analysts expect that Discovery Communications will report full-year sales of $1.78 billion for the current fiscal year, with estimates ranging from $6.73 billion to $6.84 billion. For the next year, analysts forecast that the firm will post sales of $7.35 billion per share, with estimates ranging from $7.14 billion to $7.64 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Discovery Communications.

A number of equities analysts recently issued reports on DISCA shares. Royal Bank of Canada restated an “outperform” rating and issued a $24.00 target price (down previously from $29.00) on shares of Discovery Communications in a research note on Friday, November 3rd. Barrington Research upgraded Discovery Communications from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Tuesday, January 2nd. Jefferies Group reduced their target price on Discovery Communications from $27.00 to $20.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. BidaskClub upgraded Discovery Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Finally, Bank of America upgraded Discovery Communications from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Thursday, December 21st. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. Discovery Communications has a consensus rating of “Hold” and an average price target of $24.44.

In other news, insider Bruce Campbell sold 3,047 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $18.17, for a total transaction of $55,363.99. Following the sale, the insider now directly owns 43,173 shares in the company, valued at approximately $784,453.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Malone bought 332,523 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were acquired at an average price of $19.72 per share, for a total transaction of $6,557,353.56. Following the completion of the transaction, the director now directly owns 671,095 shares in the company, valued at $13,233,993.40. The disclosure for this purchase can be found here. Company insiders own 6.81% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Sentry Investment Management LLC grew its position in shares of Discovery Communications by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 11,406 shares of the company’s stock valued at $295,000 after acquiring an additional 123 shares during the period. Mutual of America Capital Management LLC grew its position in shares of Discovery Communications by 4.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 18,319 shares of the company’s stock valued at $473,000 after acquiring an additional 704 shares during the period. Nationwide Fund Advisors grew its position in shares of Discovery Communications by 1.2% during the 2nd quarter. Nationwide Fund Advisors now owns 100,173 shares of the company’s stock valued at $2,587,000 after acquiring an additional 1,220 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Discovery Communications by 10.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,983 shares of the company’s stock valued at $361,000 after acquiring an additional 1,316 shares during the period. Finally, Advisor Group Inc. boosted its holdings in Discovery Communications by 27.7% in the 2nd quarter. Advisor Group Inc. now owns 9,100 shares of the company’s stock worth $235,000 after buying an additional 1,975 shares during the last quarter. Hedge funds and other institutional investors own 48.25% of the company’s stock.

Shares of Discovery Communications (DISCA) opened at $23.81 on Monday. Discovery Communications has a twelve month low of $15.99 and a twelve month high of $30.25. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $8,860.00, a price-to-earnings ratio of 18.75, a PEG ratio of 1.21 and a beta of 1.59.

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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.

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