Discovery Communications (DISCA) Set to Announce Earnings on Tuesday

Discovery Communications (NASDAQ:DISCA) is scheduled to be releasing its earnings data on Tuesday, February 27th. Analysts expect Discovery Communications to post earnings of $0.43 per share for the quarter.

Discovery Communications (NASDAQ:DISCA) opened at $23.86 on Tuesday. 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 12 month low of $15.99 and a 12 month high of $30.25. The stock has a market cap of $8,830.00, a price-to-earnings ratio of 18.79, a P/E/G ratio of 1.21 and a beta of 1.59.

In other Discovery Communications news, Director John C. Malone bought 332,523 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was acquired at an average price of $19.72 per share, with a total value of $6,557,353.56. Following the completion of the acquisition, the director now directly owns 671,095 shares of the company’s stock, valued at $13,233,993.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bruce Campbell sold 15,976 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $21.50, for a total transaction of $343,484.00. Following the sale, the insider now directly owns 85,298 shares of the company’s stock, valued at approximately $1,833,907. The disclosure for this sale can be found here. 6.81% of the stock is owned by corporate insiders.

Several research firms recently issued reports on DISCA. BidaskClub upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. ValuEngine cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Royal Bank of Canada boosted their price target on shares of Discovery Communications to $29.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $25.00 price target (up previously from $18.00) on shares of Discovery Communications in a report on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $24.44.

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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.

Earnings History for Discovery Communications (NASDAQ:DISCA)

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