Discovery Communications Company Profile (NASDAQ:DISCA)

Discovery Communications trades on the NASDAQ under the ticker symbol "DISCA."

Discovery Communications, Inc. (NASDAQ:DISCA) posted its quarterly earnings data on Tuesday, May, 9th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.49 by $0.08. The business earned $1.61 billion during the quarter, compared to the consensus estimate of $1.63 billion. Discovery Communications had a return on equity of 23.67% and a net margin of 17.50%. The business's revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $0.46 earnings per share. View Discovery Communications' Earnings History.

17 analysts have issued 12-month target prices for Discovery Communications' shares. Their forecasts range from $21.00 to $40.00. On average, they expect Discovery Communications' share price to reach $29.00 in the next twelve months. View Analyst Ratings for Discovery Communications.

Here are some recent quotes from research analysts about Discovery Communications stock:

• 1. According to Zacks Investment Research, "Shares of Discovery Communications have underperformed the Zacks-categorized Broadcasting-Radio/TV industry over the last one year. The company, which reported mixed results for the fourth quarter of 2016, expects adjusted earnings per share for 2017 (on a constant currency basis)  to grow in the low to mid-teen range.  Additionally, free cash flow (on a constant currency basis) is expected to grow at least in low double-digits. We are impressed by the company's efforts to reward shareholders. Foreign exchange related headwinds remain a major constraint for the company. Additionally, Discovery is suffering from customer concentration risks. Detailed first quarter results will be out on May 9.  We expect the company to struggle in the first quarter, as reflected by the fact that the Zacks Consensus Estimate has declined by $0.02 to $0.49 over the last seven days." (4/18/2017)
• 2. FBR & Co analysts commented, "We update our DISCA model ahead of the company’s 1Q17 earnings report, trimming 1Q17, for a debt refinancing charge, but leaving our full-year estimate unchanged, as well as our price target." (4/7/2017)
• 3. Jefferies Group LLC analysts commented, "DISCA's investment in solar has been a focus for investors. We would note the following; 1) DISCA will likely invest $340M in the partnership in 2017 following $63M in 4Q, 2) DISCA will get ~70% of the return in short order through tax credits (meaning - the net investment is modest), 3) The tax credits on the investment lower the book tax rate from 27% to 20% and the cash tax rate as well, 4) There is no capital commitment beyond 2017 (we assume any further investment in '18+ would be modest), 5) the ROI s/b in the mid teens, 6) due diligence was extensive, and 7) it is highly unlikely that tax reform will impact funds already invested." (2/22/2017)

Discovery Communications saw a increase in short interest in June. As of June 15th, there was short interest totalling 31,014,045 shares, an increase of 1.3% from the May 31st total of 30,622,066 shares. Based on an average trading volume of 2,975,134 shares, the short-interest ratio is currently 10.4 days. Currently, 20.6% of the shares of the company are short sold.

Some companies that are related to Discovery Communications include Discovery Communications (DISCB), Discovery Communications (DISCK), Scripps Networks Interactive (SNI), AMC Networks (AMCX), TEGNA (TGNA), Nexstar Broadcasting Group (NXST), E.W. Scripps Company (The) (SSP), Entravision Communications Corporation (EVC), Wireless Group PLC (UTV), NTN Buzztime (NTN), CTC Media (CTCM) and Wireless Group PLC (WLG).

Discovery Communications' management team includes the folowing people:

• David M. Zaslav, President, Chief Executive Officer, Director
• Gunnar Wiedenfels, Chief Financial Officer
• Jean-Briac Perrette, President and Chief Executive Officer - Discovery Networks International
• Adria Alpert-Romm, Chief Human Resources and Global Diversity Officer
• Kurt T. Wehner, Executive Vice President, Chief Accounting Officer
• Bruce L. Campbell, Chief Distribution Officer, Chief Development Officer, Chief Legal Officer, General Counsel
• Paul Guagliardo, Chief Commercial Officer
• David Leavy, Chief Corporate Operations and Communications Officer
• S. Decker Anstrom, Independent Director
• Robert R. Beck, Independent Director

Discovery Communications' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Clearbridge Investments LLC (4.03%), Hotchkis & Wiley Capital Management LLC (3.02%), Vanguard Group Inc. (2.70%), Bank of New York Mellon Corp (1.87%), BlackRock Inc. (1.60%) and State Street Corp (1.20%). Company insiders that own Discovery Communications stock include Bruce Campbell, John C Malone, Paul A Gould and Robert Miron. View Institutional Ownership Trends for Discovery Communications.

Discovery Communications' stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Bank of Nova Scotia, Schwartz Investment Counsel Inc., Nationwide Fund Advisors, Neuberger Berman Group LLC, Swarthmore Group Inc., Westpac Banking Corp and New South Capital Management Inc.. Company insiders that have sold Discovery Communications stock in the last year include Bruce Campbell and Paul A Gould. View Insider Buying and Selling for Discovery Communications.

Discovery Communications' stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of New York Mellon Corp, Strs Ohio, Vanguard Group Inc., FMR LLC, Morgan Stanley, Hotchkis & Wiley Capital Management LLC and Clearbridge Investments LLC. View Insider Buying and Selling for Discovery Communications.

Shares of Discovery Communications can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Discovery Communications stock can currently be purchased for approximately $26.20.