Analysts Set Expectations for Discovery Communications Inc.’s Q2 2019 Earnings (NASDAQ:DISCA)

Discovery Communications Inc. (NASDAQ:DISCA) – Equities researchers at Imperial Capital issued their Q2 2019 earnings per share estimates for shares of Discovery Communications in a research report issued to clients and investors on Monday, June 24th, according to Zacks Investment Research. Imperial Capital analyst D. Miller anticipates that the company will post earnings of $1.58 per share for the quarter. Imperial Capital has a “In-Line” rating and a $30.00 price objective on the stock. Imperial Capital also issued estimates for Discovery Communications’ Q3 2019 earnings at $0.49 EPS, Q4 2019 earnings at $0.70 EPS, FY2019 earnings at $3.64 EPS, Q1 2020 earnings at $0.69 EPS, Q2 2020 earnings at $0.91 EPS, Q3 2020 earnings at $0.70 EPS, Q4 2020 earnings at $0.85 EPS and FY2020 earnings at $3.15 EPS.

Other research analysts also recently issued reports about the company. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Monday, May 13th. BidaskClub downgraded Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, Wolfe Research assumed coverage on Waters in a report on Thursday, May 30th. They set an “underperform” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. Discovery Communications presently has an average rating of “Buy” and a consensus target price of $33.89.

Shares of DISCA traded down $0.48 during midday trading on Wednesday, hitting $31.32. The company’s stock had a trading volume of 2,057,244 shares, compared to its average volume of 3,999,643. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 1.16. Discovery Communications has a one year low of $23.79 and a one year high of $34.89. The company has a market cap of $16.65 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 0.43 and a beta of 1.47. The company’s fifty day moving average price is $29.98.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.79 by $0.08. Discovery Communications had a return on equity of 20.10% and a net margin of 9.00%. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the prior year, the firm posted $0.53 earnings per share. The business’s quarterly revenue was up 17.3% compared to the same quarter last year.

In other news, insider Bruce Campbell sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $28.89, for a total transaction of $288,900.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Peter Faricy acquired 35,900 shares of Discovery Communications stock in a transaction dated Tuesday, May 28th. The shares were bought at an average cost of $27.91 per share, for a total transaction of $1,001,969.00. Following the completion of the purchase, the chief executive officer now directly owns 182,367 shares of the company’s stock, valued at approximately $5,089,862.97. The disclosure for this purchase can be found here. Corporate insiders own 4.43% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of DISCA. Cambridge Investment Research Advisors Inc. raised its stake in shares of Discovery Communications by 18.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 11,382 shares of the company’s stock valued at $282,000 after acquiring an additional 1,792 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in shares of Discovery Communications by 7.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 16,188 shares of the company’s stock worth $400,000 after buying an additional 1,054 shares during the last quarter. FDx Advisors Inc. raised its position in Discovery Communications by 17.6% in the 4th quarter. FDx Advisors Inc. now owns 11,394 shares of the company’s stock valued at $282,000 after purchasing an additional 1,702 shares during the last quarter. First Trust Advisors LP purchased a new stake in Discovery Communications in the 4th quarter valued at $11,716,000. Finally, Norinchukin Bank The raised its position in Discovery Communications by 42.9% during the 4th quarter. Norinchukin Bank The now owns 28,714 shares of the company’s stock worth $710,000 after buying an additional 8,617 shares during the last quarter. Institutional investors and hedge funds own 34.45% 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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Earnings History and Estimates for Discovery Communications (NASDAQ:DISCA)

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