Discovery Inc Series C (DISCK) Releases Earnings Results

Discovery Inc Series C (NASDAQ:DISCK) issued its quarterly earnings data on Thursday. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10), MarketWatch Earnings reports. The firm had revenue of $2.59 billion during the quarter. Discovery Inc Series C had a positive return on equity of 17.68% and a negative net margin of 8.28%.

Shares of DISCK stock traded down $0.71 on Friday, reaching $29.70. 191,461 shares of the company were exchanged, compared to its average volume of 2,927,079. The stock has a market capitalization of $15.68 billion, a P/E ratio of 13.24 and a beta of 1.19. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.84. Discovery Inc Series C has a 1 year low of $14.99 and a 1 year high of $31.55.

DISCK has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Discovery Inc Series C from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Monday, October 29th. BidaskClub upgraded shares of Discovery Inc Series C from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 23rd. Finally, ValuEngine raised shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC purchased a new stake in shares of Discovery Inc Series C in the 2nd quarter valued at approximately $102,000. NEXT Financial Group Inc purchased a new stake in shares of Discovery Inc Series C in the 3rd quarter valued at approximately $106,000. Trust Co. of Vermont grew its stake in shares of Discovery Inc Series C by 638.6% in the 2nd quarter. Trust Co. of Vermont now owns 6,352 shares of the company’s stock valued at $162,000 after buying an additional 5,492 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of Discovery Inc Series C by 51.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 6,625 shares of the company’s stock valued at $169,000 after buying an additional 2,256 shares during the period. Finally, Wealthstreet Investment Advisors LLC purchased a new stake in shares of Discovery Inc Series C in the 3rd quarter valued at approximately $201,000. 55.85% of the stock is owned by institutional investors.

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About Discovery Inc Series C

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, 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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