Zacks: Analysts Expect Discovery Communications Inc. (NASDAQ:DISCA) to Announce $0.95 EPS

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Equities research analysts predict that Discovery Communications Inc. (NASDAQ:DISCA) will announce earnings of $0.95 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Discovery Communications’ earnings, with the highest EPS estimate coming in at $1.01 and the lowest estimate coming in at $0.89. Discovery Communications posted earnings per share of $0.74 during the same quarter last year, which would indicate a positive year over year growth rate of 28.4%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, February 27th.

According to Zacks, analysts expect that Discovery Communications will report full year earnings of $3.70 per share for the current fiscal year, with EPS estimates ranging from $3.62 to $3.76. For the next financial year, analysts expect that the company will report earnings of $4.04 per share, with EPS estimates ranging from $3.74 to $5.07. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Discovery Communications.

Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Thursday, November 7th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.82 by $0.05. Discovery Communications had a return on equity of 23.29% and a net margin of 16.81%. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the firm earned $0.79 EPS. The business’s revenue was up 3.3% on a year-over-year basis.

DISCA has been the subject of a number of research reports. ValuEngine downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Imperial Capital raised shares of Discovery Communications from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $29.00 to $34.00 in a report on Tuesday, October 22nd. Wells Fargo & Co raised their price target on shares of Discovery Communications from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Barrington Research reaffirmed a “buy” rating and set a $40.00 price objective on shares of Discovery Communications in a research report on Thursday, November 7th. Finally, UBS Group increased their price objective on shares of Discovery Communications from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Discovery Communications presently has a consensus rating of “Hold” and an average target price of $36.67.

DISCA stock opened at $30.45 on Tuesday. The stock’s 50 day simple moving average is $32.35 and its 200 day simple moving average is $29.89. Discovery Communications has a 12-month low of $25.08 and a 12-month high of $33.65. The firm has a market cap of $16.83 billion, a P/E ratio of 11.76, a P/E/G ratio of 0.48 and a beta of 1.62. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.33.

In other Discovery Communications news, Director John C. Malone purchased 2,670,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of $28.03 per share, with a total value of $74,840,100.00. Following the completion of the acquisition, the director now owns 10,317,937 shares in the company, valued at approximately $289,211,774.11. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bruce Campbell sold 25,000 shares of Discovery Communications stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $33.01, for a total value of $825,250.00. Following the sale, the insider now directly owns 364,219 shares in the company, valued at approximately $12,022,869.19. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,570 shares of company stock valued at $2,292,705. 4.43% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Evoke Wealth LLC bought a new position in Discovery Communications during the third quarter valued at about $26,000. Truewealth LLC bought a new stake in Discovery Communications in the fourth quarter worth about $26,000. Covington Capital Management lifted its holdings in Discovery Communications by 106.0% in the 3rd quarter. Covington Capital Management now owns 1,030 shares of the company’s stock valued at $27,000 after acquiring an additional 530 shares during the last quarter. CSat Investment Advisory L.P. lifted its holdings in Discovery Communications by 89.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 902 shares of the company’s stock valued at $28,000 after acquiring an additional 426 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Discovery Communications by 558.7% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,133 shares of the company’s stock valued at $30,000 after purchasing an additional 961 shares in the last quarter. 35.40% 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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