Discovery Communications Inc. (DISCA) to Post FY2017 Earnings of $1.89 Per Share, Jefferies Group Forecasts

Discovery Communications Inc. (NASDAQ:DISCA) – Equities researchers at Jefferies Group boosted their FY2017 earnings per share (EPS) estimates for shares of Discovery Communications in a report released on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the company will post earnings of $1.89 per share for the year, up from their previous forecast of $1.83. Jefferies Group currently has a “Hold” rating and a $20.00 price target on the stock. Jefferies Group also issued estimates for Discovery Communications’ Q4 2017 earnings at $0.37 EPS, Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.73 EPS, Q3 2018 earnings at $0.54 EPS, Q4 2018 earnings at $0.58 EPS and FY2018 earnings at $2.29 EPS.

Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.12). The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 EPS.

Several other research firms have also weighed in on DISCA. Loop Capital reduced their target price on shares of Discovery Communications from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Royal Bank of Canada lifted their target price on shares of Discovery Communications to $29.00 and gave the company an “outperform” rating in a report on Thursday. B. Riley restated a “neutral” rating and set a $19.00 target price (down previously from $23.00) on shares of Discovery Communications in a report on Wednesday, November 1st. Finally, BidaskClub upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.44.

Discovery Communications (DISCA) opened at $25.71 on Friday. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56. The firm has a market cap of $9,450.00, a price-to-earnings ratio of 20.24, a P/E/G ratio of 1.24 and a beta of 1.56. Discovery Communications has a 1-year low of $15.99 and a 1-year high of $30.25.

In other news, insider Bruce Campbell sold 15,976 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $21.50, for a total value of $343,484.00. Following the sale, the insider now owns 85,298 shares in the company, valued at approximately $1,833,907. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Gunnar Wiedenfels bought 15,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was bought at an average price of $15.45 per share, for a total transaction of $231,750.00. Following the purchase, the chief financial officer now owns 50,000 shares in the company, valued at approximately $772,500. The disclosure for this purchase can be found here. Insiders acquired a total of 527,523 shares of company stock worth $9,629,104 in the last quarter. 6.81% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of DISCA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Discovery Communications by 0.9% during the 2nd 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 last quarter. Sentry Investment Management LLC grew its position in shares of Discovery Communications by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 11,406 shares of the company’s stock valued at $295,000 after buying an additional 123 shares during the last quarter. Thrivent Financial For Lutherans grew its position in shares of Discovery Communications by 0.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 49,629 shares of the company’s stock valued at $1,282,000 after buying an additional 220 shares during the last quarter. Veritable L.P. grew its position in shares of Discovery Communications by 2.5% during the 2nd quarter. Veritable L.P. now owns 20,835 shares of the company’s stock valued at $538,000 after buying an additional 500 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its position in shares of Discovery Communications by 4.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 18,319 shares of the company’s stock valued at $473,000 after buying an additional 704 shares during the last quarter. Institutional investors and hedge funds own 48.13% of the company’s stock.

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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.

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

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