Discovery Communications, Inc. (NASDAQ:DISCA) – Equities research analysts at B. Riley reduced their FY2018 earnings per share (EPS) estimates for shares of Discovery Communications in a research report issued on Wednesday. B. Riley analyst B. Crockett now forecasts that the company will post earnings of $2.29 per share for the year, down from their previous forecast of $2.52. B. Riley currently has a “Neutral” rating and a $19.00 target price on the stock. B. Riley also issued estimates for Discovery Communications’ FY2019 earnings at $2.42 EPS and FY2020 earnings at $2.69 EPS.
Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.12). Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the company earned $0.47 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: This news story was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://stocknewstimes.com/2017/11/11/b-riley-comments-on-discovery-communications-inc-s-fy2018-earnings-disca.html.
A number of other research analysts have also recently commented on DISCA. Royal Bank Of Canada restated an “outperform” rating and set a $24.00 price target (down from $29.00) on shares of Discovery Communications in a research note on Friday, November 3rd. Barrington Research restated a “market perform” rating on shares of Discovery Communications in a research note on Wednesday, August 2nd. Loop Capital decreased their price target on Discovery Communications from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. Piper Jaffray Companies began coverage on Discovery Communications in a research note on Friday, August 11th. They set a “neutral” rating and a $27.00 price target on the stock. Finally, MKM Partners reiterated a “neutral” rating and issued a $26.00 price objective (down from $30.00) on shares of Discovery Communications in a research note on Wednesday, August 2nd. Five 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 target price of $24.27.
Discovery Communications (NASDAQ DISCA) traded up $0.02 during trading hours on Thursday, reaching $17.19. The company’s stock had a trading volume of 3,376,800 shares, compared to its average volume of 3,675,702. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56. Discovery Communications has a one year low of $16.20 and a one year high of $30.25. The firm has a market capitalization of $6,508.36, a PE ratio of 8.25, a price-to-earnings-growth ratio of 0.92 and a beta of 1.55.
In other news, insider Paul J. Guagliardo acquired 10,000 shares of the company’s stock in a transaction on Friday, August 18th. The shares were bought at an average price of $22.71 per share, with a total value of $227,100.00. Following the completion of the acquisition, the insider now owns 10,000 shares in the company, valued at approximately $227,100. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director J David Wargo acquired 100,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $15.76 per share, for a total transaction of $1,576,000.00. Following the acquisition, the director now owns 147,591 shares of the company’s stock, valued at approximately $2,326,034.16. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 220,000 shares of company stock worth $3,624,350. 6.81% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of DISCA. Bank of New York Mellon Corp grew its holdings in shares of Discovery Communications by 12.2% during the third quarter. Bank of New York Mellon Corp now owns 11,966,987 shares of the company’s stock worth $254,779,000 after purchasing an additional 1,297,175 shares during the last quarter. FMR LLC grew its holdings in shares of Discovery Communications by 32.7% during the second quarter. FMR LLC now owns 4,938,569 shares of the company’s stock worth $127,563,000 after purchasing an additional 1,216,517 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Discovery Communications by 5.2% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 18,606,223 shares of the company’s stock worth $480,599,000 after purchasing an additional 917,632 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Discovery Communications by 5.4% during the second quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock worth $430,362,000 after purchasing an additional 858,015 shares during the last quarter. Finally, Bridgewater Associates LP purchased a new position in shares of Discovery Communications during the second quarter worth about $14,672,000. 45.81% 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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