DISCA has been the topic of several other research reports. Imperial Capital raised Discovery Communications from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $29.00 to $34.00 in a research report on Tuesday, October 22nd. BidaskClub downgraded Discovery Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, August 28th. Wells Fargo & Co assumed coverage on Discovery Communications in a research note on Monday, September 23rd. They set an “outperform” rating and a $35.00 price target on the stock. Rosenblatt Securities assumed coverage on Discovery Communications in a research note on Sunday, November 3rd. They set a “hold” rating and a $30.00 price target on the stock. Finally, Barrington Research restated a “buy” rating and set a $40.00 price target on shares of Discovery Communications in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.82.
Shares of NASDAQ DISCA traded down $0.22 during midday trading on Friday, hitting $30.74. 2,686,600 shares of the company’s stock were exchanged, compared to its average volume of 3,925,335. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.52 and a quick ratio of 1.52. Discovery Communications has a twelve month low of $23.79 and a twelve month high of $32.98. The company has a market cap of $16.62 billion, a PE ratio of 14.57, a P/E/G ratio of 0.44 and a beta of 1.55. The firm’s fifty day simple moving average is $27.68 and its 200-day simple moving average is $28.76.
Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Thursday, November 7th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.05. Discovery Communications had a return on equity of 23.29% and a net margin of 16.81%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the company earned $0.79 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts anticipate that Discovery Communications will post 3.63 EPS for the current fiscal year.
In other Discovery Communications news, Director Daniel E. Sanchez sold 1,059 shares of Discovery Communications 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 in the company, valued at approximately $476,807.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.43% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Discovery Communications by 92.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 199,431 shares of the company’s stock valued at $5,390,000 after buying an additional 96,008 shares during the period. Anderson Hoagland & Co. lifted its holdings in shares of Discovery Communications by 167.0% in the 2nd quarter. Anderson Hoagland & Co. now owns 91,168 shares of the company’s stock valued at $2,485,000 after buying an additional 57,023 shares during the period. DNB Asset Management AS lifted its holdings in shares of Discovery Communications by 45.6% in the 2nd quarter. DNB Asset Management AS now owns 89,335 shares of the company’s stock valued at $2,743,000 after buying an additional 27,998 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Discovery Communications in the 2nd quarter valued at approximately $1,292,000. Finally, Retirement Systems of Alabama lifted its holdings in shares of Discovery Communications by 0.7% in the 2nd quarter. Retirement Systems of Alabama now owns 73,609 shares of the company’s stock valued at $2,260,000 after buying an additional 492 shares during the period. Institutional investors own 33.94% 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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