FY2018 Earnings Forecast for Discovery Communications, Inc. Issued By FBR & Co (DISCA)

Discovery Communications, Inc. (NASDAQ:DISCA) – Investment analysts at FBR & Co lowered their FY2018 earnings estimates for shares of Discovery Communications in a research note issued on Tuesday. FBR & Co analyst B. Crockett now anticipates that the company will post earnings of $2.52 per share for the year, down from their prior estimate of $2.53. FBR & Co currently has a “Mkt Perform” rating and a $28.00 target price on the stock. FBR & Co also issued estimates for Discovery Communications’ FY2019 earnings at $2.65 EPS and FY2020 earnings at $2.88 EPS.

Discovery Communications (NASDAQ:DISCA) last released its earnings results on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.12). Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the business posted $0.47 EPS. Discovery Communications’s revenue was up 6.1% compared to the same quarter last year.

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DISCA has been the subject of a number of other research reports. Barclays PLC reduced their target price on Discovery Communications from $25.00 to $18.00 and set an “underweight” rating for the company in a report on Friday, October 13th. ValuEngine raised Discovery Communications from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. UBS AG raised Discovery Communications from a “sell” rating to a “neutral” rating and reduced their target price for the company from $25.00 to $23.00 in a report on Tuesday, September 26th. Zacks Investment Research downgraded Discovery Communications from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies initiated coverage on Discovery Communications in a report on Friday, August 11th. They issued a “neutral” rating and a $27.00 target price for the company. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.93.

Discovery Communications (NASDAQ:DISCA) traded down $2.73 during trading on Wednesday, reaching $16.44. The company’s stock had a trading volume of 6,731,293 shares, compared to its average volume of 5,424,316. The company has a market capitalization of $6,559.90, a price-to-earnings ratio of 8.32 and a beta of 1.55.

A number of institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System increased its position in Discovery Communications by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $245,000 after purchasing an additional 100 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Discovery Communications by 0.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,424 shares of the company’s stock worth $295,000 after purchasing an additional 102 shares in the last quarter. Sentry Investment Management LLC increased its position in Discovery Communications by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 11,406 shares of the company’s stock worth $295,000 after purchasing an additional 123 shares in the last quarter. Malaga Cove Capital LLC increased its position in Discovery Communications by 1.0% during the 2nd quarter. Malaga Cove Capital LLC now owns 19,536 shares of the company’s stock worth $505,000 after purchasing an additional 192 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Discovery Communications by 0.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,852 shares of the company’s stock worth $616,000 after purchasing an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 45.80% of the company’s stock.

In related news, insider Paul J. Guagliardo acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average price of $22.71 per share, for a total transaction of $227,100.00. Following the transaction, the insider now owns 10,000 shares in the company, valued at approximately $227,100. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gunnar Wiedenfels acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average price of $21.70 per share, with a total value of $325,500.00. Following the transaction, the chief financial officer now owns 35,000 shares in the company, valued at approximately $759,500. The disclosure for this purchase can be found here. Insiders own 6.81% of the company’s stock.

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.

Earnings History and Estimates for Discovery Communications (NASDAQ:DISCA)

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