Discovery (NASDAQ:DISCA) Releases Earnings Results, Beats Estimates By $0.04 EPS

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

NASDAQ DISCA traded down $4.77 during trading hours on Tuesday, reaching $50.52. 508,471 shares of the company traded hands, compared to its average volume of 10,007,455. Discovery has a 12 month low of $17.12 and a 12 month high of $56.02. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $24.81 billion, a PE ratio of 26.68, a PEG ratio of 0.88 and a beta of 1.53. The company has a 50 day moving average of $40.63 and a two-hundred day moving average of $28.07.

DISCA has been the subject of several research analyst reports. TheStreet raised shares of Discovery from a “c” rating to a “b-” rating in a research report on Thursday, November 5th. MKM Partners reaffirmed a “neutral” rating and set a $30.00 price target (up previously from $27.00) on shares of Discovery in a research report on Thursday, December 3rd. Bank of America lowered shares of Discovery from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $32.00 to $25.00 in a research report on Friday, December 18th. Royal Bank of Canada upped their price target on shares of Discovery from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Discovery from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, December 11th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $36.33.

In other Discovery news, Director John C. Malone sold 550,000 shares of the stock in a transaction on Thursday, December 3rd. The shares were sold at an average price of $28.61, for a total transaction of $15,735,500.00. Following the transaction, the director now directly owns 787,359 shares in the company, valued at approximately $22,526,340.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.88% of the company’s stock.

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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