$0.80 EPS Expected for Discovery Communications Inc. (DISCA) This Quarter

Equities analysts expect Discovery Communications Inc. (NASDAQ:DISCA) to announce earnings of $0.80 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Discovery Communications’ earnings. The highest EPS estimate is $0.84 and the lowest is $0.71. Discovery Communications reported earnings of $0.53 per share in the same quarter last year, which suggests a positive year over year growth rate of 50.9%. The company is expected to issue its next earnings report before the market opens on Thursday, May 2nd.

On average, analysts expect that Discovery Communications will report full year earnings of $3.65 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $3.74. For the next fiscal year, analysts anticipate that the company will report earnings of $3.97 per share, with EPS estimates ranging from $3.32 to $4.64. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Discovery Communications.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Tuesday, February 26th. The company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.07). Discovery Communications had a net margin of 5.63% and a return on equity of 17.30%. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter last year, the firm earned $0.37 EPS. The company’s revenue for the quarter was up 50.7% on a year-over-year basis.

DISCA has been the topic of several research reports. Imperial Capital cut their target price on Discovery Communications from $37.00 to $31.00 and set an “inline” rating on the stock in a research note on Tuesday, December 4th. Barclays restated a “hold” rating on shares of Discovery Communications in a research note on Tuesday, December 4th. Pivotal Research upgraded Discovery Communications from a “sell” rating to a “hold” rating and set a $27.00 target price on the stock in a research note on Thursday, December 6th. Wolfe Research initiated coverage on Discovery Communications in a research note on Friday, December 7th. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research cut Discovery Communications from a “buy” rating to a “hold” rating in a research note on Thursday, December 13th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Discovery Communications currently has an average rating of “Buy” and a consensus price target of $33.03.

In related news, General Counsel Savalle Sims sold 16,623 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $28.57, for a total transaction of $474,919.11. Following the transaction, the general counsel now directly owns 48,684 shares of the company’s stock, valued at approximately $1,390,901.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.73% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Machina Capital S.A.S. acquired a new position in Discovery Communications in the 4th quarter valued at $662,000. Geode Capital Management LLC grew its holdings in Discovery Communications by 19.2% in the 4th quarter. Geode Capital Management LLC now owns 2,741,634 shares of the company’s stock valued at $67,746,000 after buying an additional 441,740 shares in the last quarter. Sowell Financial Services LLC acquired a new position in Discovery Communications in the 4th quarter valued at $300,000. Norges Bank acquired a new position in Discovery Communications in the 4th quarter valued at $8,821,000. Finally, Actinver Wealth Management Inc. acquired a new position in Discovery Communications in the 4th quarter valued at $917,000. 34.20% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ DISCA traded up $0.11 during trading on Friday, hitting $27.02. The stock had a trading volume of 4,493,595 shares, compared to its average volume of 3,915,377. The stock has a market capitalization of $14.10 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 0.30 and a beta of 1.37. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.06 and a current ratio of 1.06. Discovery Communications has a 12 month low of $20.59 and a 12 month high of $34.89.

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

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