Discovery Communications, Inc. (NASDAQ:DISCA) had its price target decreased by B. Riley from $23.00 to $19.00 in a research report released on Wednesday, Marketbeat.com reports. B. Riley currently has a neutral rating on the stock. B. Riley also issued estimates for Discovery Communications’ Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.93 EPS, FY2018 earnings at $2.29 EPS, FY2019 earnings at $2.42 EPS and FY2020 earnings at $2.69 EPS.
A number of other equities research analysts have also commented on DISCA. Barrington Research reiterated a market perform rating on shares of Discovery Communications in a research report on Wednesday, August 2nd. Royal Bank Of Canada lowered their price objective on Discovery Communications from $32.00 to $29.00 and set an outperform rating on the stock in a research report on Thursday, August 17th. Piper Jaffray Companies assumed coverage on Discovery Communications in a research report on Friday, August 11th. They issued a neutral rating and a $27.00 price objective on the stock. Loop Capital lowered their price objective on Discovery Communications from $25.00 to $21.00 and set a hold rating on the stock in a research report on Friday, November 3rd. Finally, MKM Partners reaffirmed a neutral rating and set a $26.00 target price (down from $30.00) on shares of Discovery Communications in a research note on Wednesday, August 2nd. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $24.27.
Shares of Discovery Communications (DISCA) traded up $0.02 during trading on Wednesday, reaching $17.19. 3,376,800 shares of the company’s stock were exchanged, compared to its average volume of 6,303,949. Discovery Communications has a fifty-two week low of $16.20 and a fifty-two week high of $30.25. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87. The company has a market capitalization of $6,515.94, a P/E ratio of 8.26, a PEG ratio of 0.92 and a beta of 1.55.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.12). The company 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 last year, the company earned $0.47 EPS. equities research analysts predict that Discovery Communications will post 2.05 EPS for the current year.
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In related news, CFO Gunnar Wiedenfels acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average price of $21.70 per share, for a total transaction of $325,500.00. Following the purchase, the chief financial officer now owns 35,000 shares of the company’s stock, valued at approximately $759,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director J David Wargo acquired 100,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was bought at an average price of $15.76 per share, with a total value of $1,576,000.00. Following the purchase, the director now directly owns 147,591 shares in the company, valued at approximately $2,326,034.16. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 220,000 shares of company stock valued at $3,624,350. Company insiders own 6.81% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of Discovery Communications by 437.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock valued at $102,000 after buying an additional 3,230 shares during the period. Ballentine Partners LLC purchased a new position in shares of Discovery Communications in the 2nd quarter valued at about $133,000. Montag A & Associates Inc. purchased a new position in shares of Discovery Communications in the 2nd quarter valued at about $209,000. MUFG Americas Holdings Corp boosted its stake in shares of Discovery Communications by 13.9% in the 2nd quarter. MUFG Americas Holdings Corp now owns 8,997 shares of the company’s stock valued at $232,000 after buying an additional 1,100 shares during the period. Finally, LS Investment Advisors LLC boosted its stake in shares of Discovery Communications by 5.6% in the 2nd quarter. LS Investment Advisors LLC now owns 9,084 shares of the company’s stock valued at $235,000 after buying an additional 484 shares during the period. Institutional investors and hedge funds own 45.81% of the company’s stock.
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.
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