Analysts expect that Discovery, Inc. (NASDAQ:DISCA) will announce $2.81 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Discoveryâ€™s earnings, with estimates ranging from $2.79 billion to $2.83 billion. Discovery posted sales of $2.87 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.1%. The business is scheduled to issue its next quarterly earnings results on Thursday, February 25th.
According to Zacks, analysts expect that Discovery will report full year sales of $10.61 billion for the current fiscal year, with estimates ranging from $10.57 billion to $10.64 billion. For the next financial year, analysts forecast that the company will post sales of $11.68 billion, with estimates ranging from $11.31 billion to $12.00 billion. Zacks Investment Researchâ€™s sales averages are a mean average based on a survey of research analysts that cover Discovery.
Discovery (NASDAQ:DISCA) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.81 EPS for the quarter, topping the Zacksâ€™ consensus estimate of $0.68 by $0.13. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.50 billion. Discovery had a return on equity of 20.76% and a net margin of 13.36%. The businessâ€™s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share.
Several equities research analysts recently issued reports on DISCA shares. ValuEngine raised shares of Discovery from a â€œstrong sellâ€ rating to a â€œsellâ€ rating in a report on Tuesday, December 1st. Zacks Investment Research cut Discovery from a â€œholdâ€ rating to a â€œsellâ€ rating and set a $33.00 price objective for the company. in a report on Wednesday. TheStreet raised shares of Discovery from a â€œcâ€ rating to a â€œb-â€ rating in a research note on Thursday, November 5th. Bank of America cut Discovery from a â€œbuyâ€ rating to an â€œunderperformâ€ rating and reduced their price target for the stock from $32.00 to $25.00 in a research note on Friday, December 18th. Finally, Credit Suisse Group reiterated a â€œbuyâ€ rating on shares of Discovery in a research note on Tuesday, September 22nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of â€œHoldâ€ and a consensus price target of $28.63.
Shares of NASDAQ DISCA traded up $0.31 during midday trading on Friday, reaching $34.56. 636,728 shares of the company traded hands, compared to its average volume of 9,816,505. The stockâ€™s 50-day simple moving average is $28.11 and its 200-day simple moving average is $23.27. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.99 and a current ratio of 1.99. Discovery has a 12 month low of $17.12 and a 12 month high of $34.46. The firm has a market cap of $16.97 billion, a PE ratio of 16.79, a PEG ratio of 0.70 and a beta of 1.54.
In related news, Director John C. Malone sold 550,000 shares of the companyâ€™s 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 sale, the director now owns 787,359 shares of the companyâ€™s stock, valued at $22,526,340.99. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.88% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the stock. Fifth Third Bancorp lifted its holdings in shares of Discovery by 71.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,758 shares of the companyâ€™s stock valued at $38,000 after purchasing an additional 733 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in shares of Discovery in the 3rd quarter valued at $40,000. Cerebellum GP LLC bought a new position in shares of Discovery in the third quarter worth about $64,000. Platinum Investment Management Ltd. acquired a new stake in Discovery in the third quarter valued at approximately $73,000. Finally, Trust Co. of Vermont boosted its holdings in shares of Discovery by 22.8% during the 3rd quarter. Trust Co. of Vermont now owns 4,206 shares of the companyâ€™s stock valued at $92,000 after acquiring an additional 780 shares in the last quarter. Institutional investors own 37.14% of the companyâ€™s stock.
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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