Discovery Communications Inc. (NASDAQ:DISCA) – Investment analysts at Jefferies Group decreased their Q3 2016 earnings per share estimates for shares of Discovery Communications in a research report issued on Monday. Jefferies Group analyst J. Janedis now forecasts that the brokerage will post earnings per share of $0.43 for the quarter, down from their previous forecast of $0.45. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Discovery Communications’ FY2016 earnings at $2.14 EPS, Q3 2017 earnings at $0.55 EPS and FY2018 earnings at $2.79 EPS.

Several other brokerages also recently issued reports on DISCA. Argus reiterated a “buy” rating and issued a $40.00 price objective on shares of Discovery Communications in a research report on Monday, August 15th. Zacks Investment Research upgraded Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, July 27th. Pivotal Research reiterated a “buy” rating on shares of Discovery Communications in a research report on Monday, August 1st. Moffett Nathanson downgraded Discovery Communications from a “neutral” rating to a “sell” rating and cut their price objective for the company from $31.00 to $21.00 in a research report on Tuesday, September 27th. Finally, Sanford C. Bernstein reiterated an “underperform” rating on shares of Discovery Communications in a research report on Friday, June 17th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $30.15.

Earnings History and Estimates for Discovery Communications (NASDAQ:DISCA)

Discovery Communications (NASDAQ:DISCA) opened at 26.17 on Wednesday. The stock’s 50 day moving average price is $25.85 and its 200-day moving average price is $26.58. Discovery Communications has a one year low of $23.66 and a one year high of $31.80. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 14.23 and a beta of 1.59.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. Discovery Communications had a return on equity of 23.45% and a net margin of 18.06%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its position in Discovery Communications by 0.5% in the first quarter. State Street Corp now owns 6,017,612 shares of the company’s stock worth $172,283,000 after buying an additional 30,462 shares during the last quarter. Aviva PLC boosted its position in Discovery Communications by 0.4% in the first quarter. Aviva PLC now owns 76,975 shares of the company’s stock worth $2,204,000 after buying an additional 312 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Discovery Communications by 49.3% in the first quarter. UBS Asset Management Americas Inc. now owns 796,105 shares of the company’s stock worth $22,793,000 after buying an additional 262,759 shares during the last quarter. Capstone Asset Management Co. boosted its position in Discovery Communications by 4.1% in the second quarter. Capstone Asset Management Co. now owns 20,548 shares of the company’s stock worth $518,000 after buying an additional 811 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Discovery Communications by 2.3% in the first quarter. Geode Capital Management LLC now owns 1,470,612 shares of the company’s stock worth $42,045,000 after buying an additional 33,537 shares during the last quarter. 40.59% of the stock is owned by hedge funds and other institutional investors.

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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.

5 Day Chart for NASDAQ:DISCA

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