Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) fell 1% on Friday. The stock traded as low as $7.07 and was last seen at $7.16. About 4,974,740 shares traded hands during midday trading, a decline of 82% from the average daily volume of 27,708,666 shares. The stock had previously closed at $7.23.
Wall Street analysts predict growth
Several analysts have commented on the company. Sanford C. Bernstein lowered their price target on Warner Bros. Discovery from $11.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. KeyCorp upgraded Warner Bros. Discovery from “sector weight” to “overweight” in a research note on Friday, May 10th and issued a $11.00 price target on the stock. Barrington Research reiterated an “outperform” rating and issued a $15.00 price target on the stock in a research report on Tuesday, May 28th. Wolfe Research downgraded Warner Bros. Discovery from “peer perform” to “underperform” and gave the stock a $7.00 price target in a research report on Tuesday, April 23rd. Finally, Benchmark reiterated a buy rating and set a $20.00 price target on shares of Warner Bros. Discovery in a research report on Monday, June 17. One analyst has rated the stock with a sell rating, nine have given a hold rating, and ten have given a buy rating. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.82, according to data from MarketBeat.com.
Get our latest analysis on WBD
Warner Bros. Discovery shares down 0.3%
The company has a market cap of $17.67 billion, a P/E ratio of -5.81 and a beta of 1.49. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average of $7.74 and a 200-day moving average of $8.92.
Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last announced its quarterly earnings results on Thursday, May 9. The company reported ($0.40) earnings per share 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 analyst estimates of $10.22 billion. In the same quarter last year, the company posted earnings per share of $0.18. The company’s revenue declined 6.9% compared to the same quarter last year. On average, equities analysts forecast that Warner Bros. Discovery, Inc. will post earnings per share of -$0.38 for the current year.
Institutional investors comment on Warner Bros. Discovery
Institutional investors have recently bought and sold shares of the company. Fortis Group Advisors LLC acquired a new stake in Warner Bros. Discovery during the third quarter valued at about $25,000. Pacifica Partners Inc. increased its holdings in Warner Bros. Discovery by 118.2% during the fourth 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 during the last quarter. Crewe Advisors LLC acquired a new stake in Warner Bros. Discovery during the first quarter valued at about $27,000. Headinvest LLC acquired a new stake in Warner Bros. Discovery during the third quarter valued at about $28,000. Finally, First Financial Corp IN increased its holdings in 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 acquiring an additional 2,887 shares during the period. 59.95% of the shares are currently owned by hedge funds and other institutional investors.
About Warner Bros. Discovery
(Get free report)
Warner Bros. Discovery, Inc. is a global media and entertainment company. It operates through three segments: Studios, Network and DTC. The Studios segment produces and releases feature films for first-run theatrical release; produces and licenses television programs for its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television networks; and provides streaming services and distribution through the home entertainment market, thematic experience licensing and interactive gaming.
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