Equities analysts expect Discovery Communications Inc. (NASDAQ:DISCA) to report $2.68 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Discovery Communications’ earnings. The lowest sales estimate is $2.67 billion and the highest is $2.69 billion. Discovery Communications posted sales of $2.59 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 3.5%. The company is expected to issue its next quarterly earnings report on Thursday, November 14th.
On average, analysts expect that Discovery Communications will report full-year sales of $11.18 billion for the current year, with estimates ranging from $11.16 billion to $11.21 billion. For the next fiscal year, analysts anticipate that the company will report sales of $11.89 billion, with estimates ranging from $11.34 billion to $12.14 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Discovery Communications.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.98 EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.01). Discovery Communications had a return on equity of 21.53% and a net margin of 15.62%. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year.
In other news, Director Daniel E. Sanchez sold 1,059 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $28.40, for a total value of $30,075.60. Following the completion of the transaction, the director now owns 16,789 shares in the company, valued at $476,807.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Savalle Sims sold 3,085 shares of Discovery Communications stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $30.18, for a total value of $93,105.30. Following the transaction, the general counsel now directly owns 46,388 shares of the company’s stock, valued at approximately $1,399,989.84. The disclosure for this sale can be found here. 4.43% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of DISCA. Vanguard Group Inc. raised its position in shares of Discovery Communications by 12.4% in the second quarter. Vanguard Group Inc. now owns 19,303,196 shares of the company’s stock valued at $592,608,000 after buying an additional 2,134,191 shares during the last quarter. Rothschild & Co. Asset Management US Inc. bought a new stake in Discovery Communications in the second quarter valued at about $51,543,000. JPMorgan Chase & Co. increased its holdings in Discovery Communications by 17.4% in the first quarter. JPMorgan Chase & Co. now owns 10,743,754 shares of the company’s stock valued at $290,295,000 after buying an additional 1,595,179 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Discovery Communications by 790.2% during the second quarter. Nuveen Asset Management LLC now owns 1,765,724 shares of the company’s stock valued at $54,207,000 after buying an additional 1,567,374 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Discovery Communications by 62.7% during the second quarter. Wells Fargo & Company MN now owns 3,453,246 shares of the company’s stock valued at $106,015,000 after buying an additional 1,330,279 shares in the last quarter. 34.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:DISCA traded up $0.12 during midday trading on Friday, hitting $28.55. The stock had a trading volume of 3,259,067 shares, compared to its average volume of 3,968,929. Discovery Communications has a 1 year low of $23.79 and a 1 year high of $34.89. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.32. The stock has a 50 day moving average price of $28.70 and a two-hundred day moving average price of $29.05. The company has a market capitalization of $14.68 billion, a PE ratio of 13.53, a P/E/G ratio of 0.37 and a beta of 1.57.
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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