Brokerages expect Discovery Communications Inc. (NASDAQ:DISCA) to report earnings of $0.67 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Discovery Communications’ earnings. The lowest EPS estimate is $0.61 and the highest is $0.79. Discovery Communications reported earnings of $0.98 per share during the same quarter last year, which would indicate a negative year over year growth rate of 31.6%. The company is scheduled to report its next earnings results on Tuesday, August 4th.

On average, analysts expect that Discovery Communications will report full-year earnings of $2.96 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $3.23. For the next year, analysts forecast that the company will post earnings of $3.35 per share, with EPS estimates ranging from $3.23 to $3.69. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Discovery Communications.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.03. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Discovery Communications had a return on equity of 23.40% and a net margin of 18.54%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS.

DISCA has been the topic of several research analyst reports. Royal Bank of Canada reissued a “buy” rating and set a $26.00 target price on shares of Discovery Communications in a research note on Thursday, May 7th. Zacks Investment Research raised Discovery Communications from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a research note on Friday, May 8th. Rosenblatt Securities restated a “neutral” rating and set a $24.00 price target (down from $27.00) on shares of Discovery Communications in a research report on Sunday, May 10th. Credit Suisse Group dropped their price target on Discovery Communications from $39.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Finally, Imperial Capital dropped their price target on Discovery Communications from $34.00 to $32.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $27.18.

Shares of DISCA traded down $0.07 during mid-day trading on Friday, hitting $20.47. 4,580,338 shares of the company’s stock traded hands, compared to its average volume of 5,508,384. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 1.39. Discovery Communications has a 1 year low of $17.12 and a 1 year high of $33.65. The firm has a market capitalization of $10.42 billion, a P/E ratio of 7.06, a PEG ratio of 0.56 and a beta of 1.54. The business’s 50-day moving average price is $20.97 and its 200-day moving average price is $27.46.

In other news, Director John C. Malone sold 5,229 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $21.44, for a total transaction of $112,109.76. Following the transaction, the director now directly owns 780,591 shares of the company’s stock, valued at $16,735,871.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director J David Wargo sold 200,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $19.27, for a total value of $3,854,000.00. Following the transaction, the director now directly owns 32,227 shares in the company, valued at $621,014.29. The disclosure for this sale can be found here. Insiders own 4.43% of the company’s stock.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in Discovery Communications by 8.9% during the first quarter. BlackRock Inc. now owns 14,413,231 shares of the company’s stock valued at $280,194,000 after acquiring an additional 1,180,498 shares during the last quarter. FMR LLC increased its position in Discovery Communications by 49.8% during the fourth quarter. FMR LLC now owns 12,553,428 shares of the company’s stock valued at $410,999,000 after acquiring an additional 4,175,105 shares during the last quarter. State Street Corp increased its position in Discovery Communications by 6.2% during the first quarter. State Street Corp now owns 7,888,113 shares of the company’s stock valued at $153,345,000 after acquiring an additional 458,267 shares during the last quarter. JPMorgan Chase & Co. increased its position in Discovery Communications by 10.1% during the first quarter. JPMorgan Chase & Co. now owns 6,226,044 shares of the company’s stock valued at $121,036,000 after acquiring an additional 570,985 shares during the last quarter. Finally, Boston Partners purchased a new stake in Discovery Communications during the fourth quarter valued at $155,958,000. 36.97% of the stock is currently owned by hedge funds and other institutional investors.

About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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

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