Equities research analysts forecast that Discovery Communications Inc. (NASDAQ:DISCA) will post $2.74 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Discovery Communications’ earnings. The highest sales estimate is $2.80 billion and the lowest is $2.69 billion. Discovery Communications posted sales of $2.31 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.6%. The company is scheduled to issue its next quarterly earnings results before the market opens on Thursday, May 2nd.
On average, analysts expect that Discovery Communications will report full-year sales of $11.17 billion for the current year, with estimates ranging from $11.07 billion to $11.37 billion. For the next year, analysts expect that the company will post sales of $11.72 billion, with estimates ranging from $11.18 billion to $12.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Discovery Communications.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Tuesday, February 26th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.07). The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.85 billion. Discovery Communications had a return on equity of 17.30% and a net margin of 5.63%. The business’s revenue was up 50.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 earnings per share.
In related news, General Counsel Savalle Sims sold 16,623 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $28.57, for a total transaction of $474,919.11. Following the transaction, the general counsel now owns 48,684 shares in the company, valued at $1,390,901.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.73% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Discovery Communications by 199.5% during the third quarter. Vanguard Group Inc. now owns 50,745,309 shares of the company’s stock worth $1,541,300,000 after acquiring an additional 33,804,647 shares in the last quarter. FMR LLC boosted its stake in Discovery Communications by 10.4% during the fourth quarter. FMR LLC now owns 13,217,760 shares of the company’s stock worth $327,007,000 after acquiring an additional 1,243,094 shares in the last quarter. BlackRock Inc. boosted its stake in Discovery Communications by 11.8% during the fourth quarter. BlackRock Inc. now owns 10,885,778 shares of the company’s stock worth $269,315,000 after acquiring an additional 1,151,368 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Discovery Communications by 4,198.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,944,085 shares of the company’s stock worth $119,000 after acquiring an additional 2,875,598 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Discovery Communications by 19.2% during the fourth quarter. Geode Capital Management LLC now owns 2,741,634 shares of the company’s stock worth $67,746,000 after acquiring an additional 441,740 shares in the last quarter. Institutional investors own 34.32% of the company’s stock.
NASDAQ:DISCA remained flat at $$27.43 during trading hours on Friday. 5,389,844 shares of the company were exchanged, compared to its average volume of 3,899,131. The stock has a market cap of $14.10 billion, a PE ratio of 13.00, a PEG ratio of 0.31 and a beta of 1.37. Discovery Communications has a one year low of $20.59 and a one year high of $34.89. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.06 and a current ratio of 1.06.
About Discovery Communications
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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