Imperial Capital Weighs in on DISCOVERY COMMUNICATIONS INC. Common Stock’s Q3 2018 Earnings (DISCA)

DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA) – Imperial Capital lowered their Q3 2018 EPS estimates for shares of DISCOVERY COMMUNICATIONS INC. Common Stock in a note issued to investors on Wednesday, August 8th. Imperial Capital analyst D. Miller now expects that the company will post earnings of $0.49 per share for the quarter, down from their prior forecast of $0.65. Imperial Capital has a “Outperform” rating and a $31.00 price target on the stock. Imperial Capital also issued estimates for DISCOVERY COMMUNICATIONS INC. Common Stock’s Q4 2018 earnings at $0.61 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.77 EPS, Q3 2019 earnings at $0.57 EPS, Q4 2019 earnings at $0.75 EPS, FY2019 earnings at $2.70 EPS and FY2020 earnings at $3.21 EPS.

DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA) last posted its quarterly earnings results on Tuesday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.18). The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. DISCOVERY COMMUNICATIONS INC. Common Stock had a negative net margin of 8.28% and a positive return on equity of 17.68%.

A number of other research analysts also recently commented on the company. ValuEngine upgraded DISCOVERY COMMUNICATIONS INC. Common Stock from a “strong sell” rating to a “sell” rating in a report on Monday, July 30th. Zacks Investment Research downgraded DISCOVERY COMMUNICATIONS INC. Common Stock from a “buy” rating to a “hold” rating in a report on Wednesday, May 23rd. Credit Suisse Group initiated coverage on DISCOVERY COMMUNICATIONS INC. Common Stock in a report on Tuesday, July 10th. They issued a “neutral” rating and a $30.00 price objective on the stock. Barrington Research reiterated a “buy” rating and issued a $30.00 price objective on shares of DISCOVERY COMMUNICATIONS INC. Common Stock in a report on Tuesday, August 7th. Finally, Pivotal Research reiterated a “hold” rating and issued a $26.00 price objective on shares of DISCOVERY COMMUNICATIONS INC. Common Stock in a report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $26.89.

DISCA stock opened at $25.99 on Monday. The company has a current ratio of 1.45, a quick ratio of 1.83 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $13.63 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 0.64 and a beta of 1.45. DISCOVERY COMMUNICATIONS INC. Common Stock has a 1 year low of $15.99 and a 1 year high of $28.78.

In other news, Director John C. Malone purchased 1,407,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The shares were purchased at an average price of $23.44 per share, for a total transaction of $32,980,080.00. Following the purchase, the director now directly owns 780,335 shares of the company’s stock, valued at approximately $18,291,052.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.73% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in DISCA. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its stake in DISCOVERY COMMUNICATIONS INC. Common Stock by 734.2% during the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 61,500 shares of the company’s stock worth $1,296,000 after buying an additional 54,128 shares during the last quarter. General American Investors Co. Inc. grew its stake in shares of DISCOVERY COMMUNICATIONS INC. Common Stock by 113.6% in the 1st quarter. General American Investors Co. Inc. now owns 404,285 shares of the company’s stock valued at $8,664,000 after purchasing an additional 215,000 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of DISCOVERY COMMUNICATIONS INC. Common Stock by 66.2% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 41,763 shares of the company’s stock valued at $895,000 after purchasing an additional 16,641 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of DISCOVERY COMMUNICATIONS INC. Common Stock by 37.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 44,072 shares of the company’s stock valued at $944,000 after purchasing an additional 12,099 shares during the last quarter. Finally, Westpac Banking Corp grew its stake in shares of DISCOVERY COMMUNICATIONS INC. Common Stock by 48.7% in the 1st quarter. Westpac Banking Corp now owns 111,696 shares of the company’s stock valued at $2,394,000 after purchasing an additional 36,600 shares during the last quarter. Hedge funds and other institutional investors own 38.13% of the company’s stock.

DISCOVERY COMMUNICATIONS INC. Common Stock Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, 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 and Estimates for DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA)

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