Discovery Inc Series C (NASDAQ:DISCK) announced its quarterly earnings data on Tuesday. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.37), Morningstar.com reports. The firm had revenue of $2.89 billion during the quarter. Discovery Inc Series C had a net margin of 9.00% and a return on equity of 20.10%.
Shares of DISCK traded up $0.19 during mid-day trading on Wednesday, reaching $27.47. The company had a trading volume of 3,709,563 shares, compared to its average volume of 2,537,267. Discovery Inc Series C has a 52-week low of $21.99 and a 52-week high of $31.55. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $14.34 billion, a PE ratio of 13.02 and a beta of 1.43. The company has a 50 day moving average price of $28.54.
Institutional investors and hedge funds have recently modified their holdings of the company. Cleararc Capital Inc. purchased a new position in Discovery Inc Series C during the first quarter worth approximately $222,000. RNC Capital Management LLC boosted its position in Discovery Inc Series C by 18.2% during the first quarter. RNC Capital Management LLC now owns 98,162 shares of the company’s stock worth $2,495,000 after purchasing an additional 15,140 shares in the last quarter. Tyers Asset Management LLC boosted its position in Discovery Inc Series C by 84.0% during the first quarter. Tyers Asset Management LLC now owns 212,624 shares of the company’s stock worth $5,405,000 after purchasing an additional 97,056 shares in the last quarter. Raymond James & Associates boosted its position in Discovery Inc Series C by 11.4% during the first quarter. Raymond James & Associates now owns 725,388 shares of the company’s stock worth $18,439,000 after purchasing an additional 74,503 shares in the last quarter. Finally, Norinchukin Bank The boosted its position in Discovery Inc Series C by 3.7% during the first quarter. Norinchukin Bank The now owns 68,409 shares of the company’s stock worth $1,739,000 after purchasing an additional 2,416 shares in the last quarter. Hedge funds and other institutional investors own 56.61% of the company’s stock.
About Discovery Inc Series C
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.
Read More: Percentage Gainers
Receive News & Ratings for Discovery Inc Series C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Inc Series C and related companies with MarketBeat.com's FREE daily email newsletter.