Discovery Communications, Inc. (NASDAQ:DISCA) had its target price lowered by B. Riley from $23.00 to $19.00 in a research note published on Wednesday, November 8th, 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.
DISCA has been the topic of several other research reports. Loop Capital dropped their price objective on Discovery Communications from $25.00 to $21.00 and set a hold rating on the stock in a research note on Friday, November 3rd. Cowen and Company reaffirmed a hold rating and set a $29.00 price objective on shares of Discovery Communications in a research note on Tuesday, July 11th. Piper Jaffray Companies started coverage on Discovery Communications in a research note on Friday, August 11th. They set a neutral rating and a $27.00 price objective on the stock. Zacks Investment Research raised Discovery Communications from a sell rating to a hold rating in a research note on Thursday, October 12th. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $32.00 price objective on shares of Discovery Communications in a research note on Friday, July 14th. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $24.27.
Discovery Communications (NASDAQ:DISCA) traded down $0.19 during trading hours on Wednesday, hitting $17.36. The stock had a trading volume of 6,616,100 shares, compared to its average volume of 3,726,012. Discovery Communications has a 1-year low of $15.99 and a 1-year 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 cap of $6,370.00, a price-to-earnings ratio of 8.44, a P/E/G ratio of 0.94 and a beta of 1.57.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings results 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). Discovery Communications had a return on equity of 10.40% and a net margin of 13.51%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. sell-side analysts predict that Discovery Communications will post 2.05 earnings per share for the current year.
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In other Discovery Communications news, CFO Gunnar Wiedenfels purchased 15,000 shares of Discovery Communications stock in a transaction that occurred on Friday, November 3rd. The stock was acquired at an average price of $15.45 per share, for a total transaction of $231,750.00. Following the completion of the acquisition, the chief financial officer now owns 50,000 shares of the company’s stock, valued at approximately $772,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director J David Wargo purchased 80,000 shares of Discovery Communications stock in a transaction that occurred on Friday, November 3rd. The shares were acquired at an average price of $15.80 per share, with a total value of $1,264,000.00. Following the acquisition, the director now directly owns 147,591 shares of the company’s stock, valued at approximately $2,331,937.80. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 195,000 shares of company stock worth $3,071,750. 6.81% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its holdings in shares of Discovery Communications by 437.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock worth $102,000 after acquiring an additional 3,230 shares during the period. Ballentine Partners LLC bought a new stake in shares of Discovery Communications during the second quarter worth approximately $133,000. Flossbach Von Storch AG bought a new stake in shares of Discovery Communications during the third quarter worth approximately $208,000. Montag A & Associates Inc. bought a new stake in shares of Discovery Communications during the second quarter worth approximately $209,000. Finally, OLD National Bancorp IN bought a new stake in shares of Discovery Communications during the third quarter worth approximately $222,000. Institutional investors and hedge funds own 46.23% 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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