Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives $13.16 Consensus PT from Brokerages

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has received an average rating of “Hold” from the twenty brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $12.82.

Several equities analysts have recently commented on the company. KeyCorp upgraded Warner Bros. Discovery from a “sector weight” rating to an “overweight” rating and set a $11.00 price objective on the stock in a research report on Friday, May 10th. Rosenblatt Securities raised shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $7.00 to $10.00 in a research note on Thursday, March 21st. The Goldman Sachs Group assumed coverage on shares of Warner Bros. Discovery in a report on Tuesday, June 25th. They issued a “neutral” rating and a $8.50 price objective for the company. Benchmark reaffirmed a “buy” rating and set a $20.00 target price on shares of Warner Bros. Discovery in a report on Monday, June 17th. Finally, Wolfe Research downgraded shares of Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price target for the company. in a research note on Tuesday, April 23rd.

Warner Bros. Discovery Trading Up 1.2 %

Shares of Warner Bros. Discovery stock opened at $7.44 on Tuesday. The company has a 50 day simple moving average of $7.86 and a two-hundred day simple moving average of $9.10. The firm has a market cap of $18.23 billion, a PE ratio of -6.00 and a beta of 1.53. Warner Bros. Discovery has a 1 year low of $6.94 and a 1 year high of $14.76. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.82 and a quick ratio of 0.82.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, May 9th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Warner Bros. Discovery had a negative return on equity of 6.58% and a negative net margin of 7.45%. The company had revenue of $9.96 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter last year, the firm posted $0.18 earnings per share. The firm’s revenue was down 6.9% on a year-over-year basis. Analysts expect that Warner Bros. Discovery will post -0.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Warner Bros. Discovery

Several hedge funds have recently bought and sold shares of the business. Fortis Group Advisors LLC bought a new position in shares of Warner Bros. Discovery during the third quarter valued at $25,000. Pacifica Partners Inc. increased its stake in Warner Bros. Discovery by 118.2% during the 4th quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock valued at $27,000 after purchasing an additional 1,345 shares in the last quarter. Crewe Advisors LLC bought a new stake in Warner Bros. Discovery during the 1st quarter valued at about $27,000. Headinvest LLC purchased a new position in Warner Bros. Discovery in the third quarter worth about $28,000. Finally, First Financial Corp IN grew its holdings in shares of Warner Bros. Discovery by 577.4% during the first quarter. First Financial Corp IN now owns 3,387 shares of the company’s stock valued at $30,000 after buying an additional 2,887 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.

About Warner Bros. Discovery

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.