Discovery Inc Series C (NASDAQ:DISCK) Posts Quarterly Earnings Results, Misses Estimates By $0.37 EPS

Discovery Inc Series C (NASDAQ:DISCK) posted its earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.37), Morningstar.com reports. Discovery Inc Series C had a net margin of 15.62% and a return on equity of 21.53%. The firm had revenue of $2.89 billion during the quarter.

NASDAQ:DISCK opened at $25.33 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.27 and a current ratio of 1.27. The company has a fifty day moving average of $28.35 and a two-hundred day moving average of $27.30. The stock has a market capitalization of $14.70 billion, a PE ratio of 12.00 and a beta of 1.43. Discovery Inc Series C has a fifty-two week low of $21.99 and a fifty-two week high of $31.55.

A number of large investors have recently bought and sold shares of DISCK. Cornerstone Advisors Inc. grew its holdings in shares of Discovery Inc Series C by 105.3% during the second quarter. Cornerstone Advisors Inc. now owns 895 shares of the company’s stock worth $25,000 after buying an additional 459 shares in the last quarter. Daiwa SB Investments Ltd. purchased a new stake in shares of Discovery Inc Series C in the first quarter valued at about $39,000. Somerset Trust Co grew its holdings in shares of Discovery Inc Series C by 149.0% in the first quarter. Somerset Trust Co now owns 1,636 shares of the company’s stock valued at $42,000 after purchasing an additional 979 shares during the period. Wealthcare Advisory Partners LLC purchased a new position in Discovery Inc Series C during the first quarter worth about $42,000. Finally, Legacy Bridge LLC purchased a new position in Discovery Inc Series C during the first quarter worth about $49,000. Institutional investors own 57.60% of the company’s stock.

Several equities analysts recently issued reports on the stock. ValuEngine upgraded shares of Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 8th. BidaskClub cut shares of Discovery Inc Series C from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research cut shares of Discovery Inc Series C from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th.

Discovery Inc Series C 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 for Discovery Inc Series C (NASDAQ:DISCK)

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