Discovery Communications, Inc. (NASDAQ:DISCK)’s share price was down 0.7% on Tuesday after the company announced weaker than expected quarterly earnings. The company traded as low as $22.85 and last traded at $22.97, with a volume of 2,829,560 shares traded. The stock had previously closed at $23.13.
The company reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.04. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The company had revenue of $1.75 billion during the quarter.
Several research analysts have recently issued reports on DISCK shares. Zacks Investment Research lowered Discovery Communications from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. ValuEngine lowered Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded Discovery Communications from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Barrington Research reiterated a “market perform” rating on shares of Discovery Communications in a report on Tuesday, August 1st. Finally, TheStreet lowered Discovery Communications from a “b-” rating to a “c+” rating in a report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $29.00.
The stock has a market cap of $12.11 billion, a PE ratio of 11.27 and a beta of 1.47. The stock’s 50 day moving average is $24.12 and its 200-day moving average is $26.18.
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About Discovery Communications
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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