Equities Analysts Set Expectations for Discovery Communications Inc.’s FY2019 Earnings (DISCA)

Discovery Communications Inc. (NASDAQ:DISCA) – Analysts at Imperial Capital upped their FY2019 EPS estimates for Discovery Communications in a research report issued on Tuesday, December 4th. Imperial Capital analyst D. Miller now forecasts that the company will earn $2.69 per share for the year, up from their previous forecast of $2.59. Imperial Capital has a “Inline” rating and a $31.00 price objective on the stock. Imperial Capital also issued estimates for Discovery Communications’ Q1 2020 earnings at $0.71 EPS, Q3 2020 earnings at $0.82 EPS and FY2020 earnings at $3.38 EPS.

A number of other analysts have also recently weighed in on DISCA. Citigroup upped their target price on shares of Discovery Communications from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, August 15th. BidaskClub upgraded shares of Discovery Communications from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 17th. Barrington Research restated a “buy” rating and issued a $30.00 price target on shares of Discovery Communications in a research report on Friday, August 17th. Jefferies Financial Group upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Tuesday, August 21st. Finally, Zacks Investment Research lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Discovery Communications presently has a consensus rating of “Buy” and an average target price of $32.79.

NASDAQ DISCA opened at $29.15 on Thursday. The stock has a market capitalization of $14.65 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 0.39 and a beta of 1.24. Discovery Communications has a twelve month low of $19.03 and a twelve month high of $34.89. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.61.

Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Thursday, November 8th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.10). The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.60 billion. Discovery Communications had a negative net margin of 8.52% and a positive return on equity of 17.05%. The business’s revenue was up 57.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS.

Several hedge funds have recently made changes to their positions in DISCA. Truvestments Capital LLC acquired a new position in Discovery Communications in the third quarter valued at approximately $122,000. FNY Investment Advisers LLC acquired a new position in Discovery Communications in the third quarter valued at approximately $172,000. Dupont Capital Management Corp lifted its holdings in Discovery Communications by 108.8% in the second quarter. Dupont Capital Management Corp now owns 6,010 shares of the company’s stock valued at $165,000 after buying an additional 3,132 shares during the period. Chicago Equity Partners LLC acquired a new position in Discovery Communications in the third quarter valued at approximately $200,000. Finally, Engineers Gate Manager LP acquired a new position in Discovery Communications in the third quarter valued at approximately $202,000. Institutional investors own 41.80% of the company’s stock.

In other news, insider David Leavy sold 39,278 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $31.65, for a total transaction of $1,243,148.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kenneth W. Lowe sold 58,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $28.88, for a total transaction of $1,675,040.00. Following the transaction, the director now owns 1,236,060 shares in the company, valued at $35,697,412.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 281,031 shares of company stock worth $8,506,185. Company insiders own 6.73% of the company’s stock.

About Discovery Communications

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 (NASDAQ:DISCA)

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