Discovery Communications Company Profile (NASDAQ:DISCA)

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

Discovery Communications, Inc. (NASDAQ:DISCA) released its quarterly earnings data on Monday, July, 31st. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by $0.04. The business earned $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The business's revenue was up 2.2% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. View Discovery Communications' Earnings History.

Discovery Communications is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Discovery Communications.

17 equities research analysts have issued 1-year price targets for Discovery Communications' shares. Their predictions range from $18.00 to $31.00. On average, they anticipate Discovery Communications' share price to reach $26.85 in the next year. 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 its industry on a year-to-date basis. In fact, the company has been struggling with declining advertisement revenues for quite some time. Adverse foreign currency movements are also hurting the company. Discovery is also a highly leveraged company. Moreover, high costs are expected to hurt bottom-line in the third quarter. Detailed results will be available on Nov 2. The company's decision to buy Scripps Networks is, however, a positive. On materialization, the deal is expected to broaden Discovery's product portfolio, substantially. Discovery's new joint venture with TEN for automotive media is also encouraging. The move marks Discovery's entry into direct-to-consumer offerings. In the face of stiff competition and dwindling advertisement revenues, the media sector is witnessing large scale concentration. " (10/12/2017)
• 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 during the month of September. As of September 29th, there was short interest totalling 36,992,211 shares, an increase of 1.0% from the September 15th total of 37,383,248 shares. Based on an average daily volume of 2,824,010 shares, the days-to-cover ratio is currently 13.1 days. Currently, 24.5% of the shares of the stock are sold short.

Some companies that are related to Discovery Communications include Discovery Communications (DISCB), Discovery Communications (DISCK), Scripps Networks Interactive (SNI), AMC Networks (AMCX), Nexstar Broadcasting Group (NXST), TEGNA (TGNA), 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 many different of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (0.08%), PGGM Investments (0.01%), Mutual of America Capital Management LLC (0.00%), Shell Asset Management Co. (0.00%) and Robeco Institutional Asset Management B.V. (0.00%). Company insiders that own Discovery Communications stock include Bruce Campbell, Gunnar Wiedenfels, John C Malone, Paul A Gould, Paul J Guagliardo, Robert Miron and S Decker Anstrom. View Institutional Ownership Trends for Discovery Communications.

Discovery Communications' stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Fisher Asset Management LLC and PGGM Investments. 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 purchased by a variety of institutional investors in the last quarter, including Shell Asset Management Co. and Mutual of America Capital Management LLC. Company insiders that have bought Discovery Communications stock in the last two years include Gunnar Wiedenfels, Paul J Guagliardo and S Decker Anstrom. 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 $20.29.