Discovery agrees up to US$9.6bn loan for Scripps buy

Posted August 01, 2017

SRS Capital Advisors Inc. increased its stake in shares of Scripps Networks Interactive by 13.3% in the first quarter. After posting $0.41 EPS for the previous quarter, Discovery Communications Inc.'s analysts now forecast 65.85 % EPS growth. More interesting news about Discovery Communications Inc. FMR LLC increased its position in shares of Discovery Communications by 48.5% in the fourth quarter. The company rocked its 52-Week High of $30.25 and touched its 52-Week Low of $23.96. It has a 12.07 P/E ratio.

Discovery Communications (DISCA) opened at 26.80 on Monday. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.63 billion. Each produces net profit margins in the high teens, with Discovery earning a net profit of $1.2 billion past year.

Both Discovery and Scripps reported quarterly earnings on Monday that reflected the challenges facing US media companies. After having $0.41 EPS previously, Discovery Communications Inc.'s analysts see 68.29 % EPS growth. "(DISCK)" was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. Xact Kapitalforvaltning AB's holdings in Scripps Networks Interactive were worth $1,967,000 at the end of the most recent quarter.

A number of research firms have recently issued reports on DISCK. Moffett Nathanson reiterated a "sell" rating on shares of Discovery Communications in a report on Friday, June 9th. 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. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The average analysts gave this company a mean recommendation of 3.00.

ATR value of company was 0.61 and Relative Strength Index (RSI) was 50.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Advance Publications, the privately held media company owned by the Newhouse family, owns a large share of Discovery stock. About 8.07M shares traded or 355.93% up from the average. For the quarter, shares have been noted at -6.88%. The disclosure for this sale can be found here.

Discovery Communications, Inc (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.