Research Analysts Set Expectations for Discovery Communications, Inc.’s FY2017 Earnings (DISCA)
Discovery Communications, Inc. (NASDAQ:DISCA) – Equities research analysts at Jefferies Group upped their FY2017 earnings per share estimates for Discovery Communications in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Janedis now expects that the company will post earnings of $2.29 per share for the year, up from their prior estimate of $2.28. Jefferies Group currently has a “Hold” rating and a $28.00 price target on the stock. Jefferies Group also issued estimates for Discovery Communications’ Q1 2018 earnings at $0.58 EPS, Q2 2018 earnings at $0.74 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.64 EPS and FY2018 earnings at $2.53 EPS.
DISCA has been the topic of a number of other research reports. Pivotal Research upgraded Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Tuesday, August 8th. MKM Partners restated a “neutral” rating and issued a $26.00 price target (down previously from $30.00) on shares of Discovery Communications in a research report on Wednesday, August 2nd. UBS AG upgraded Discovery Communications from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $25.00 to $23.00 in a research report on Tuesday, September 26th. Royal Bank Of Canada decreased their price target on Discovery Communications from $32.00 to $29.00 and set an “outperform” rating on the stock in a research report on Thursday, August 17th. Finally, ValuEngine upgraded Discovery Communications from a “hold” rating to a “buy” rating in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.07.
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Shares of Discovery Communications (NASDAQ DISCA) opened at 19.28 on Thursday. The company has a market cap of $10.99 billion, a price-to-earnings ratio of 10.23 and a beta of 1.56. The stock has a 50 day moving average of $21.46 and a 200 day moving average of $25.13. Discovery Communications has a 12-month low of $19.27 and a 12-month high of $30.25.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.04). The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS.
In related news, CFO Gunnar Wiedenfels acquired 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average cost of $21.70 per share, with a total value of $325,500.00. Following the completion of the purchase, the chief financial officer now directly owns 35,000 shares in the company, valued at $759,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director S Decker Anstrom acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was bought at an average cost of $23.05 per share, for a total transaction of $230,500.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 55,000 shares of company stock worth $1,243,300. Company insiders own 6.81% of the company’s stock.
Several institutional investors have recently bought and sold shares of DISCA. Comerica Bank lifted its stake in Discovery Communications by 4.6% in the first quarter. Comerica Bank now owns 48,580 shares of the company’s stock valued at $1,428,000 after buying an additional 2,145 shares during the period. UBS Asset Management Americas Inc. lifted its stake in Discovery Communications by 21.1% in the first quarter. UBS Asset Management Americas Inc. now owns 1,257,074 shares of the company’s stock valued at $36,568,000 after buying an additional 218,809 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Discovery Communications in the first quarter valued at approximately $368,000. Ameritas Investment Partners Inc. acquired a new position in Discovery Communications in the first quarter valued at approximately $182,000. Finally, Mason Street Advisors LLC lifted its stake in Discovery Communications by 1.5% in the first quarter. Mason Street Advisors LLC now owns 21,092 shares of the company’s stock valued at $614,000 after buying an additional 307 shares during the period. 45.84% of the stock is currently owned by 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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.
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