EPS for Discovery Communications Inc. (DISCB) Expected At $0.68

Violet Tucker
August 1, 2017

As The New York Times reports, consolidation among cable and broadband providers including Comcast, Charter, Verizon, and AT&T "has put pressure on TV companies like Discovery to grow in size as a way to gain leverage in negotiations with cable distributors".

The Scripps family owns more than 95% the company voting stock, and has entered into a pact with key Discovery figures John Malone and Advance/Newhouse Programming Partnership to vote in favour of the deal. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Excluding currency effects, total revenues increased 4%. The firm owned 28,798 shares of the company's stock after buying an additional 2,135 shares during the period.

In the past 5 years, the stock showed growth of 8.49% per annum. The current share price indicates that stock is -1.74% away from its one year high and is moving 46.51% ahead of its 52-week low. (DISCK) traded down 9.57% on Monday, hitting $23.06. The stock traded as low as $24.19 and last traded at $24.60, with a volume of 25,686,212 shares.

The stock has a market capitalization of $10.90 billion, a P/E ratio of 12.87 and a beta of 1.60.

Discovery Communications (NASDAQ:DISCK) last announced its quarterly earnings data on Tuesday, May 9th. Scripps missed its second quarter ad guidance and lowered its full-year estimates, and Discovery reported flat advertising and lower affiliate revenue. Scripps Networks Interactive had a return on equity of 39.52% and a net margin of 29.21%.

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Teachers Advisors LLC raised its stake in shares of Discovery Communications, Inc. "(DISCK)" was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & global trademark & copyright law. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/07/31/discovery-communications-inc-disck-position-held-by-first-national-bank-of-omaha-updated.html.

A number of research firms recently commented on DISCA.

The Stock had a 3.25 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 3.25 and 3.18 respectively. Zacks Investment Research upgraded Discovery Communications from a "hold" rating to a "buy" rating and set a $29.00 price target on the stock in a research note on Thursday, July 20th.

"We view the deal as among the most logical in media", RBC Capital Markets analyst Steven Cahall said in a recent report.

Other reports by Guamnewswatch

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