Discovery (NASDAQ:DISCA) Announces Earnings Results

Discovery (NASDAQ:DISCA) posted its quarterly earnings data on Sunday. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04, MarketWatch Earnings reports. Discovery had a net margin of 13.36% and a return on equity of 20.76%. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was up .3% on a year-over-year basis.

NASDAQ DISCA opened at $55.29 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a market cap of $27.15 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 0.88 and a beta of 1.53. The business has a 50 day simple moving average of $40.63 and a 200 day simple moving average of $28.07. Discovery has a 52-week low of $17.12 and a 52-week high of $56.02.

In related news, Director John C. Malone sold 550,000 shares of Discovery stock in a transaction dated Thursday, December 3rd. The stock was sold at an average price of $28.61, for a total value of $15,735,500.00. Following the sale, the director now owns 787,359 shares of the company’s stock, valued at $22,526,340.99. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.88% of the company’s stock.

DISCA has been the subject of a number of analyst reports. Royal Bank of Canada upped their price objective on shares of Discovery from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, January 13th. Citigroup downgraded Discovery from a “buy” rating to a “neutral” rating and upped their target price for the company from $36.00 to $46.00 in a report on Monday, February 1st. Rosenblatt Securities reaffirmed a “hold” rating on shares of Discovery in a research note on Monday. MKM Partners reaffirmed a “neutral” rating and issued a $30.00 price objective (up previously from $27.00) on shares of Discovery in a research note on Thursday, December 3rd. Finally, Moffett Nathanson raised shares of Discovery from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $45.00 in a research report on Friday, January 15th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Discovery has a consensus rating of “Hold” and a consensus target price of $32.95.

Discovery Company Profile

Discovery, Inc operates as a media company in the United States and internationally. The company operates in 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, ID, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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