Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Get Free Report) have earned an average recommendation of "Hold" from the twenty-two brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $10.93.
Several equities research analysts recently weighed in on WBD shares. Morgan Stanley cut their price objective on Warner Bros. Discovery from $10.00 to $9.00 and set an "equal weight" rating on the stock in a report on Monday, July 29th. Sanford C. Bernstein downgraded Warner Bros. Discovery from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $10.00 to $8.00 in a report on Tuesday, August 13th. Wells Fargo & Company cut their price objective on Warner Bros. Discovery from $9.00 to $7.00 and set an "equal weight" rating on the stock in a report on Thursday, August 8th. Moffett Nathanson cut their price objective on Warner Bros. Discovery from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. Finally, Barclays cut their target price on Warner Bros. Discovery from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Thursday, August 8th.
Read Our Latest Research Report on Warner Bros. Discovery
Hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement Association of Colorado boosted its stake in shares of Warner Bros. Discovery by 5,128.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 350,559 shares of the company's stock worth $3,989,000 after buying an additional 343,854 shares during the last quarter. Thompson Investment Management Inc. lifted its stake in Warner Bros. Discovery by 23.5% in the first quarter. Thompson Investment Management Inc. now owns 1,118,931 shares of the company's stock valued at $9,768,000 after purchasing an additional 213,149 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in Warner Bros. Discovery by 8.2% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 66,843 shares of the company's stock valued at $584,000 after purchasing an additional 5,081 shares during the last quarter. Global Assets Advisory LLC purchased a new position in Warner Bros. Discovery in the first quarter valued at approximately $182,000. Finally, SageView Advisory Group LLC purchased a new position in Warner Bros. Discovery in the fourth quarter valued at approximately $129,000. Hedge funds and other institutional investors own 59.95% of the company's stock.
Shares of WBD stock opened at $7.97 on Thursday. The stock's fifty day moving average price is $7.86 and its two-hundred day moving average price is $7.95. The company has a market cap of $19.53 billion, a PE ratio of -6.43 and a beta of 1.48. Warner Bros. Discovery has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.76 and a current ratio of 0.76.
Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($4.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($3.89). The business had revenue of $9.71 billion during the quarter, compared to analyst estimates of $10.07 billion. Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.51) EPS. Equities analysts predict that Warner Bros. Discovery will post -4.17 EPS for the current fiscal year.
Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.
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