Discovery Communications, Inc. (NASDAQ:DISCA) – Investment analysts at FBR & Co upped their Q3 2017 earnings per share estimates for shares of Discovery Communications in a research note issued to investors on Tuesday. FBR & Co analyst B. Crockett now anticipates that the company will earn $0.58 per share for the quarter, up from their previous estimate of $0.56. FBR & Co has a “Mkt Perform” rating and a $28.00 price target on the stock. FBR & Co also issued estimates for Discovery Communications’ FY2017 earnings at $2.30 EPS.
A number of other equities analysts also recently issued reports on the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $29.00 price target on shares of Discovery Communications in a report on Friday, October 20th. Barclays PLC lowered their price target on Discovery Communications from $25.00 to $18.00 and set an “underweight” rating for the company in a report on Friday, October 13th. Zacks Investment Research upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Needham & Company LLC reiterated a “hold” rating on shares of Discovery Communications in a research note on Thursday, October 12th. Finally, ValuEngine upgraded Discovery Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $26.57.
COPYRIGHT VIOLATION NOTICE: “Discovery Communications, Inc. (DISCA) Forecasted to Post Q3 2017 Earnings of $0.58 Per Share” was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.com-unik.info/2017/11/03/discovery-communications-inc-disca-forecasted-to-post-q3-2017-earnings-of-0-58-per-share.html. Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Monday, October 30th. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The firm 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 company earned $0.47 EPS. Discovery Communications’s quarterly revenue was up 6.1% on a year-over-year basis.
In other Discovery Communications news, CFO Gunnar Wiedenfels acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average price of $21.70 per share, with a total value of $325,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at approximately $759,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul J. Guagliardo acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average cost of $22.71 per share, for a total transaction of $227,100.00. Following the acquisition, the insider now directly owns 10,000 shares of the company’s stock, valued at $227,100. The disclosure for this purchase can be found here. 6.81% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its holdings in 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 acquired a new position in Discovery Communications during the second quarter worth $133,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in Discovery Communications by 112.1% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,000 shares of the company’s stock worth $204,000 after acquiring an additional 3,700 shares during the period. Montag A & Associates Inc. acquired a new position in Discovery Communications during the second quarter worth $209,000. Finally, MUFG Americas Holdings Corp grew its holdings in Discovery Communications by 13.9% during the second quarter. MUFG Americas Holdings Corp now owns 8,997 shares of the company’s stock worth $232,000 after acquiring an additional 1,100 shares during the period. 45.80% of the stock is currently owned by hedge funds and other institutional investors.
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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