Discovery Communications Inc. (NASDAQ:DISCA) – Analysts at Jefferies Group dropped their Q3 2016 earnings per share estimates for Discovery Communications in a report released on Monday. Jefferies Group analyst J. Janedis now anticipates that the firm will post earnings per share of $0.43 for the quarter, down from their prior estimate of $0.45. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Discovery Communications’ FY2016 earnings at $2.14 EPS, Q3 2017 earnings at $0.55 EPS and FY2018 earnings at $2.79 EPS.
Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Tuesday, August 2nd. The company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. Discovery Communications had a return on equity of 23.45% and a net margin of 18.06%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the firm earned $0.49 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis.
Several other equities analysts also recently issued reports on DISCA. Sanford C. Bernstein restated an “underperform” rating on shares of Discovery Communications in a research note on Friday, June 17th. Royal Bank Of Canada restated a “buy” rating and issued a $36.00 price objective on shares of Discovery Communications in a research note on Monday, June 27th. JPMorgan Chase & Co. restated a “hold” rating on shares of Discovery Communications in a research note on Saturday, July 9th. Zacks Investment Research downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Finally, MKM Partners decreased their price objective on shares of Discovery Communications from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, July 18th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $30.15.
Shares of Discovery Communications (NASDAQ:DISCA) opened at 25.68 on Wednesday. The stock’s 50 day moving average price is $25.84 and its 200-day moving average price is $26.57. Discovery Communications has a 52-week low of $23.66 and a 52-week high of $31.80. The firm has a market capitalization of $10.74 billion, a PE ratio of 13.96 and a beta of 1.59.
Hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB raised its stake in shares of Discovery Communications by 10.1% in the second quarter. Nordea Investment Management AB now owns 4,141 shares of the company’s stock worth $104,000 after buying an additional 381 shares during the period. Pacer Advisors Inc. raised its stake in shares of Discovery Communications by 3.7% in the second quarter. Pacer Advisors Inc. now owns 4,507 shares of the company’s stock worth $114,000 after buying an additional 160 shares during the period. Advisor Group Inc. purchased a new stake in shares of Discovery Communications during the second quarter worth about $116,000. Creative Planning raised its stake in shares of Discovery Communications by 10.7% in the second quarter. Creative Planning now owns 5,220 shares of the company’s stock worth $132,000 after buying an additional 503 shares during the period. Finally, Euclid Advisors LLC raised its stake in shares of Discovery Communications by 9.5% in the first quarter. Euclid Advisors LLC now owns 5,200 shares of the company’s stock worth $149,000 after buying an additional 450 shares during the period. Hedge funds and other institutional investors own 40.59% of the company’s stock.
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