Q3 2016 EPS Estimates for Discovery Communications Inc. Cut by Analyst (DISCA)
Discovery Communications Inc. (NASDAQ:DISCA) – Barrington Research cut their Q3 2016 earnings per share (EPS) estimates for Discovery Communications in a report issued on Thursday. Barrington Research analyst J. Goss now forecasts that the brokerage will post earnings of $0.41 per share for the quarter, down from their prior estimate of $0.45. Barrington Research currently has a “Market Perform” rating on the stock. Barrington Research also issued estimates for Discovery Communications’ Q4 2016 earnings at $0.46 EPS and FY2016 earnings at $2.03 EPS.
A number of other research firms also recently commented on DISCA. FBR & Co restated a “hold” rating on shares of Discovery Communications in a research note on Thursday, August 4th. MKM Partners increased their price objective on shares of Discovery Communications from $27.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 3rd. Macquarie upgraded shares of Discovery Communications from an “underperform” rating to a “neutral” rating and reduced their price objective for the stock from $28.76 to $27.00 in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Friday, August 5th. Finally, Argus restated a “buy” rating and set a $40.00 price objective on shares of Discovery Communications in a research note on Monday, August 15th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $30.20.
Shares of Discovery Communications (NASDAQ:DISCA) opened at 26.92 on Monday. The company has a market capitalization of $11.26 billion, a price-to-earnings ratio of 14.64 and a beta of 1.59. The stock has a 50 day moving average price of $25.73 and a 200 day moving average price of $26.66. Discovery Communications has a 1-year low of $23.66 and a 1-year high of $31.80.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. Discovery Communications had a return on equity of 23.45% and a net margin of 18.06%. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB raised its stake in shares of Discovery Communications by 10.1% in the second quarter. Nordea Investment Management AB now owns 4,141 shares of the company’s stock worth $104,000 after buying an additional 381 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Discovery Communications by 3.7% in the second quarter. Pacer Advisors Inc. now owns 4,507 shares of the company’s stock worth $114,000 after buying an additional 160 shares in the last quarter. Advisor Group Inc. bought a new stake in shares of Discovery Communications during the second quarter worth $116,000. Creative Planning raised its stake in shares of Discovery Communications by 10.7% in the second quarter. Creative Planning now owns 5,220 shares of the company’s stock worth $132,000 after buying an additional 503 shares in the last quarter. Finally, Euclid Advisors LLC raised its stake in shares of Discovery Communications by 9.5% in the first quarter. Euclid Advisors LLC now owns 5,200 shares of the company’s stock worth $149,000 after buying an additional 450 shares in the last quarter. 40.59% 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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.
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