Discovery Inc Series C (NASDAQ:DISCK) Announces Earnings Results, Beats Expectations By $0.05 EPS

Discovery Inc Series C (NASDAQ:DISCK) posted its quarterly earnings data on Thursday. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05, Fidelity Earnings reports. The company had revenue of $2.68 billion during the quarter. Discovery Inc Series C had a return on equity of 21.53% and a net margin of 15.62%.

Shares of DISCK opened at $28.61 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.32. The business has a 50-day simple moving average of $25.49 and a two-hundred day simple moving average of $26.78. The stock has a market cap of $14.05 billion, a price-to-earnings ratio of 8.40 and a beta of 1.43. Discovery Inc Series C has a 52 week low of $21.99 and a 52 week high of $31.03.

A number of research firms recently commented on DISCK. Morgan Stanley reduced their price objective on Discovery Inc Series C from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday. Zacks Investment Research cut Discovery Inc Series C from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. ValuEngine upgraded Discovery Inc Series C from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. Finally, BidaskClub upgraded Discovery Inc Series C from a “sell” rating to a “hold” rating in a research report on Saturday. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $30.00.

About Discovery Inc Series C

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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Earnings History for Discovery Inc Series C (NASDAQ:DISCK)

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