Discovery Communications, Inc. (NASDAQ:DISCK) EPS Analysis


(NASDAQ:MU) news were published by: which released: "Axa Buys Micron Technology Inc, UBS Group AG, Air Products & Chemicals Inc ..." on August 10, 2017, also with their article: "Micron: Fear" published on August 10, 2017, published: "Micron Technology 3 Charts" on July 21, 2017. Finally, Jefferies Group LLC reaffirmed a "hold" rating and issued a $28.00 target price on shares of Discovery Communications in a research report on Friday, June 16th. Barrington analysis restated a "market perform" recommendation on stocks of Discovery Communications in a note on Tue, Aug 1st. Finally, Zacks Investment Research lowered Discovery Communications from a hold rating to a sell rating in a research note on Tuesday, April 18th. The stock has "Hold" rating by Wells Fargo on Thursday, July 20. Discovery Communications presently has an average rating of "Hold" and a consensus price target of $29.00. Conning Inc has 0.03% invested in Micron Technology, Inc. The stock has a market capitalization of $13.11 billion, a P/E ratio of 12.20 and a beta of 1.59. Discovery Communications, Inc. has a 1-year low of $21.83 and a 1-year high of $29.18.

It is now trading at $23.50 quite a bit below the 50 day moving average of $27.04 and significantly lower than the 200 day moving average of $27.77. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by $0.04. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The company's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 earnings per share. Next quarter's EPS is forecasted at $0.54 and the next full year EPS is projected to be $2.33. (NASDAQ:DISCA). Maryland-based Sandy Spring Bank & Trust has invested 0.01% in Discovery Communications Inc. If you are viewing this story on another domain, it was copied illegally and republished in violation of US & worldwide copyright & trademark legislation. The legal version of this piece of content can be accessed at

In other Discovery Communications news, insider Bruce Campbell sold 9,283 shares of the stock in a transaction on Thursday, June 15th. Volume was up 48.85% over the stocks average daily volume. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Following the completion of the transaction, the chief financial officer now directly owns 20,000 shares in the company, valued at $460,200. Chevy Chase Trust Holdings Inc. now owns 188,714 shares of the company's stock worth $5,343,000 after buying an additional 1,331 shares during the period.

Other large investors also recently added to or reduced their stakes in the company.

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Discovery Communications, a global media company. Boyar Asset Management Inc sold 18,787 shares as Discovery Communications (DISCK)'s stock declined 10.36%.

Suntrust Banks Inc, which manages about $16.64 billion US Long portfolio, upped its stake in Dollar Gen Corp New (NYSE:DG) by 10,818 shares to 62,497 shares, valued at $4.63 million in 2016Q4, according to the filing.

In related news, CFO Gunnar Wiedenfels purchased 20,000 shares of the firm's stock in a transaction dated Tuesday, August 1st. Hotchkis & Wiley Capital Management LLC now owns 5,340,964 shares of the company's stock worth $151,203,000 after buying an additional 14,321 shares during the period. Tower Research Capital LLC (trc) trimmed its stake by selling 27 shares a decrease of 27.8% from 06/30/2016 to 09/30/2016. Proshare Advisors LLC now holds 81,247 shares valued at $2,048,000.

Shares of Discovery Communications, Inc. Hedge funds and other institutional investors own 44.31% of the company's stock. The Company's portfolio of networks includes television brands, such as Discovery Channel, Animal Planet, ID, Velocity (known as Turbo outside of the United States) and Eurosport.