Discovery Communications (NASDAQ:DISCA) Posts Earnings Results

Discovery Communications (NASDAQ:DISCA) issued its quarterly earnings data on Thursday. The company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.05, Briefing.com reports. Discovery Communications had a return on equity of 21.53% and a net margin of 15.62%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period last year, the business earned $0.79 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis.

NASDAQ:DISCA traded down $0.13 during trading hours on Friday, reaching $30.90. 8,144,300 shares of the stock were exchanged, compared to its average volume of 3,928,025. Discovery Communications has a twelve month low of $23.79 and a twelve month high of $34.47. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a 50 day moving average of $27.40 and a 200 day moving average of $28.74. The stock has a market cap of $15.03 billion, a PE ratio of 14.64, a PEG ratio of 0.40 and a beta of 1.55.

Several brokerages have weighed in on DISCA. Wells Fargo & Co began coverage on Discovery Communications in a report on Monday, September 23rd. They set an “outperform” rating and a $35.00 price objective for the company. Imperial Capital upgraded Discovery Communications from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $29.00 to $34.00 in a research report on Tuesday, October 22nd. BidaskClub lowered Discovery Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, August 28th. ValuEngine upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Rosenblatt Securities began coverage on Discovery Communications in a research report on Sunday, November 3rd. They set a “hold” rating and a $30.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $34.70.

In other Discovery Communications news, General Counsel Savalle Sims sold 3,085 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $30.18, for a total transaction of $93,105.30. Following the completion of the transaction, the general counsel now owns 46,388 shares of the company’s stock, valued at approximately $1,399,989.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daniel E. Sanchez sold 1,059 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $28.40, for a total value of $30,075.60. Following the transaction, the director now directly owns 16,789 shares of the company’s stock, valued at approximately $476,807.60. The disclosure for this sale can be found here. Corporate insiders own 4.43% of the company’s stock.

Discovery Communications Company Profile

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 for Discovery Communications (NASDAQ:DISCA)

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