$1.00 EPS Expected for Discovery Communications Inc. (DISCA) This Quarter

Equities research analysts expect Discovery Communications Inc. (NASDAQ:DISCA) to report earnings of $1.00 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Discovery Communications’ earnings, with estimates ranging from $0.95 to $1.10. Discovery Communications posted earnings of $0.66 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 51.5%. The firm is expected to issue its next quarterly earnings report on Tuesday, August 6th.

On average, analysts expect that Discovery Communications will report full year earnings of $3.79 per share for the current fiscal year, with EPS estimates ranging from $3.60 to $4.40. For the next financial year, analysts anticipate that the company will post earnings of $4.12 per share, with EPS estimates ranging from $3.82 to $4.59. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Discovery Communications.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.08. Discovery Communications had a net margin of 9.00% and a return on equity of 20.10%. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same period last year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year.

Several research analysts have recently weighed in on the stock. ValuEngine lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a report on Monday. BidaskClub lowered shares of Discovery Communications from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. Barrington Research reiterated a “buy” rating and set a $40.00 price objective on shares of Discovery Communications in a report on Tuesday, February 26th. Zacks Investment Research lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. Finally, Credit Suisse Group increased their price objective on shares of Discovery Communications from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. Discovery Communications presently has a consensus rating of “Buy” and a consensus target price of $33.89.

Shares of Discovery Communications stock traded up $0.01 during mid-day trading on Wednesday, hitting $27.75. 4,904,800 shares of the stock were exchanged, compared to its average volume of 4,099,501. Discovery Communications has a twelve month low of $20.59 and a twelve month high of $34.89. The stock has a market capitalization of $14.35 billion, a P/E ratio of 13.15, a P/E/G ratio of 0.38 and a beta of 1.41. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 1.16.

In related news, General Counsel Savalle Sims sold 16,623 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $28.57, for a total value of $474,919.11. Following the transaction, the general counsel now owns 48,684 shares in the company, valued at $1,390,901.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.43% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Karp Capital Management Corp purchased a new stake in shares of Discovery Communications during the fourth quarter valued at approximately $30,000. Pinebridge Investments L.P. purchased a new stake in shares of Discovery Communications during the first quarter valued at approximately $42,000. Smithfield Trust Co. purchased a new stake in shares of Discovery Communications during the fourth quarter valued at approximately $47,000. Rational Advisors LLC raised its stake in shares of Discovery Communications by 26.3% during the fourth quarter. Rational Advisors LLC now owns 2,018 shares of the company’s stock valued at $50,000 after purchasing an additional 420 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Discovery Communications by 96.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,920 shares of the company’s stock valued at $52,000 after purchasing an additional 945 shares during the period. Hedge funds and other institutional investors own 34.43% of the company’s stock.

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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