Discovery Communications, Inc. (NASDAQ:DISCA) – Analysts at KeyCorp cut their Q4 2017 earnings per share estimates for shares of Discovery Communications in a note issued to investors on Thursday, Zacks Investment Research reports. KeyCorp analyst A. Hargreaves now forecasts that the company will post earnings of $0.48 per share for the quarter, down from their previous estimate of $0.59. KeyCorp also issued estimates for Discovery Communications’ Q1 2018 earnings at $0.53 EPS, Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.48 EPS and Q4 2018 earnings at $0.50 EPS.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.12). Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the business posted $0.47 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This report was originally reported by Week Herald and is the sole property of of Week Herald. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://weekherald.com/2017/11/15/keycorp-weighs-in-on-discovery-communications-inc-s-q4-2017-earnings-disca.html.
Other equities analysts also recently issued reports about the stock. Citigroup Inc. raised shares of Discovery Communications from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $30.00 to $29.00 in a report on Tuesday, August 1st. Pivotal Research raised shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Tuesday, August 8th. ValuEngine raised shares of Discovery Communications from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $29.00 price objective on shares of Discovery Communications in a report on Friday, October 20th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $25.00 price objective on shares of Discovery Communications in a report on Thursday, August 3rd. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $24.27.
Discovery Communications (NASDAQ DISCA) opened at $16.28 on Monday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87. The stock has a market cap of $6,440.13, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 0.91 and a beta of 1.55. Discovery Communications has a fifty-two week low of $16.20 and a fifty-two week high of $30.25.
In related news, insider Paul J. Guagliardo purchased 10,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were purchased at an average cost of $22.71 per share, for a total transaction of $227,100.00. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at approximately $227,100. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director J David Wargo purchased 100,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were bought at an average price of $15.76 per share, for a total transaction of $1,576,000.00. Following the completion of the transaction, the director now owns 147,591 shares of the company’s stock, valued at $2,326,034.16. The disclosure for this purchase can be found here. Insiders purchased a total of 205,000 shares of company stock worth $3,298,850 over the last 90 days. 6.81% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its position in shares of Discovery Communications by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock valued at $245,000 after buying an additional 100 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Discovery Communications by 0.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,424 shares of the company’s stock valued at $295,000 after buying an additional 102 shares during the period. Sentry Investment Management LLC grew its holdings in shares of Discovery Communications by 1.1% during the second quarter. Sentry Investment Management LLC now owns 11,406 shares of the company’s stock worth $295,000 after purchasing an additional 123 shares in the last quarter. Malaga Cove Capital LLC grew its holdings in shares of Discovery Communications by 1.0% during the second quarter. Malaga Cove Capital LLC now owns 19,536 shares of the company’s stock worth $505,000 after purchasing an additional 192 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Discovery Communications by 0.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,852 shares of the company’s stock worth $616,000 after purchasing an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 45.34% of the company’s stock.
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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.
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