Weekly Investment Analysts’ Ratings Updates for Warner Bros. Discovery (WBD)

Several brokerages have updated their recommendations and price targets on shares of Warner Bros. Discovery (NASDAQ: WBD) in the last few weeks:

• 5/10/2024 – Warner Bros. Discovery was upgraded by analysts at KeyCorp from a “sector weight” rating to an “overweight” rating. They now have a $11.00 price target on the stock.
• 5/10/2024 – Warner Bros. Discovery had its price target lowered by analysts at Sanford C. Bernstein from $11.00 to $10.00. They now have an “outperform” rating on the stock.
• 5/10/2024 – Warner Bros. Discovery had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 5/9/2024 – Warner Bros. Discovery had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $18.00 price target on the stock.
• 4/23/2024 – Warner Bros. Discovery was downgraded by analysts at Wolfe Research from a “peer perform” rating to an “underperform” rating. They now have a $7.00 price target on the stock.

Warner Bros. Discovery Stock Up 2.2 %

Shares of NASDAQ:WBD opened at $8.06 on Thursday. Warner Bros. Discovery, Inc. has a 52 week low of $7.34 and a 52 week high of $14.76. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.82 and a current ratio of 0.82. The company’s fifty day moving average is $8.31 and its 200-day moving average is $9.67. The company has a market capitalization of $19.66 billion, a PE ratio of -6.50 and a beta of 1.51.

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

Institutional Trading of Warner Bros. Discovery

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Forum Financial Management LP raised its holdings in Warner Bros. Discovery by 2.3% during the 3rd quarter. Forum Financial Management LP now owns 42,179 shares of the company’s stock worth $458,000 after purchasing an additional 948 shares during the last quarter. Bridgeworth LLC grew its position in shares of Warner Bros. Discovery by 7.4% during the 4th quarter. Bridgeworth LLC now owns 13,845 shares of the company’s stock worth $158,000 after buying an additional 952 shares during the period. Czech National Bank grew its position in shares of Warner Bros. Discovery by 0.3% during the 4th quarter. Czech National Bank now owns 388,660 shares of the company’s stock worth $4,423,000 after buying an additional 996 shares during the period. Harbour Capital Advisors LLC grew its position in shares of Warner Bros. Discovery by 1.8% during the 4th quarter. Harbour Capital Advisors LLC now owns 56,833 shares of the company’s stock worth $642,000 after buying an additional 1,025 shares during the period. Finally, Column Capital Advisors LLC grew its position in shares of Warner Bros. Discovery by 26.7% during the 3rd quarter. Column Capital Advisors LLC now owns 5,049 shares of the company’s stock worth $55,000 after buying an additional 1,063 shares during the period. 59.95% of the stock is owned by institutional investors.

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.