Discovery Communications (NASDAQ:DISCA) is set to post its quarterly earnings results before the market opens on Thursday, November 8th. Analysts expect Discovery Communications to post earnings of $0.61 per share for the quarter.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.18). Discovery Communications had a positive return on equity of 17.68% and a negative net margin of 8.28%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. On average, analysts expect Discovery Communications to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NASDAQ:DISCA opened at $32.39 on Thursday. Discovery Communications has a 12 month low of $15.99 and a 12 month high of $34.06. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market cap of $15.74 billion, a PE ratio of 14.52, a P/E/G ratio of 0.51 and a beta of 1.44.
Several brokerages recently issued reports on DISCA. Credit Suisse Group raised shares of Discovery Communications from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $30.00 to $40.00 in a report on Wednesday, October 10th. JPMorgan Chase & Co. raised their target price on shares of Discovery Communications to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 10th. They noted that the move was a valuation call. Macquarie set a $38.00 target price on shares of Discovery Communications and gave the stock a “buy” rating in a report on Friday, September 14th. Pivotal Research cut shares of Discovery Communications from a “hold” rating to a “sell” rating and set a $26.00 target price for the company. in a report on Tuesday, September 18th. Finally, Zacks Investment Research raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Monday, September 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Discovery Communications currently has a consensus rating of “Buy” and a consensus target price of $30.53.
In related news, insider Bruce Campbell sold 31,462 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $30.00, for a total transaction of $943,860.00. Following the transaction, the insider now directly owns 72,256 shares in the company, valued at $2,167,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kurt Wehner sold 7,233 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $30.04, for a total transaction of $217,279.32. Following the transaction, the insider now owns 18,844 shares in the company, valued at $566,073.76. The disclosure for this sale can be found here. Insiders have sold 317,374 shares of company stock worth $8,811,521 over the last 90 days. 6.73% of the stock is currently owned by company insiders.
Discovery Communications Company Profile
Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.
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