Brokerages expect that Discovery Communications Inc. (NASDAQ:DISCA) will report sales of $2.68 billion for the current quarter, according to Zacks. Three analysts have provided estimates for Discovery Communications’ earnings, with the lowest sales estimate coming in at $2.67 billion and the highest estimate coming in at $2.69 billion. Discovery Communications posted sales of $2.59 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.5%. The business is expected to report its next earnings report on Thursday, November 14th.

According to Zacks, analysts expect that Discovery Communications will report full-year sales of $11.18 billion for the current year, with estimates ranging from $11.16 billion to $11.21 billion. For the next financial year, analysts forecast that the business will post sales of $11.89 billion, with estimates ranging from $11.34 billion to $12.14 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Discovery Communications.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.01). Discovery Communications had a net margin of 15.62% and a return on equity of 21.53%. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year.

DISCA has been the topic of a number of analyst reports. Imperial Capital decreased their price target on Discovery Communications from $30.00 to $29.00 and set an “inline” rating on the stock in a research note on Tuesday, August 27th. Wolfe Research downgraded Discovery Communications from an “outperform” rating to a “peer perform” rating in a research note on Thursday, May 30th. Finally, BidaskClub downgraded Discovery Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Discovery Communications presently has a consensus rating of “Hold” and a consensus price target of $34.88.

In other Discovery Communications news, General Counsel Savalle Sims sold 3,085 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $30.18, for a total transaction of $93,105.30. Following the sale, the general counsel now directly owns 46,388 shares in the company, valued at $1,399,989.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel E. Sanchez sold 1,059 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $28.40, for a total value of $30,075.60. Following the sale, the director now owns 16,789 shares in the company, valued at $476,807.60. The disclosure for this sale can be found here. 4.43% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of DISCA. Geode Capital Management LLC lifted its position in shares of Discovery Communications by 19.2% in the fourth quarter. Geode Capital Management LLC now owns 2,741,634 shares of the company’s stock valued at $67,746,000 after acquiring an additional 441,740 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Discovery Communications by 20.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,195 shares of the company’s stock valued at $735,000 after acquiring an additional 4,573 shares in the last quarter. First Republic Investment Management Inc. lifted its position in shares of Discovery Communications by 71.1% in the first quarter. First Republic Investment Management Inc. now owns 35,655 shares of the company’s stock valued at $963,000 after acquiring an additional 14,811 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Discovery Communications by 15.2% in the first quarter. Janus Henderson Group PLC now owns 1,466,436 shares of the company’s stock valued at $39,623,000 after acquiring an additional 193,209 shares in the last quarter. Finally, South Dakota Investment Council lifted its position in shares of Discovery Communications by 9.2% in the first quarter. South Dakota Investment Council now owns 51,500 shares of the company’s stock valued at $1,392,000 after acquiring an additional 4,340 shares in the last quarter. Institutional investors and hedge funds own 34.08% of the company’s stock.

Shares of Discovery Communications stock traded down $0.22 during trading on Friday, reaching $27.89. The company’s stock had a trading volume of 2,909,600 shares, compared to its average volume of 3,960,479. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.32. Discovery Communications has a 12-month low of $23.79 and a 12-month high of $34.89. The company has a market capitalization of $15.35 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 0.39 and a beta of 1.57. The business has a 50 day moving average price of $28.58 and a 200-day moving average price of $29.04.

About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through 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, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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