Warner Bros. Discovery’s (WBD) Outperform Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Warner Bros. Discovery (NASDAQ:WBD) in a research report released on Thursday morning,Benzinga reports. Barrington Research currently has a $12.00 target price on the stock.

Other research analysts also recently issued reports about the company. The Goldman Sachs Group increased their target price on Warner Bros. Discovery from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Monday, October 7th. Evercore ISI lowered their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Moffett Nathanson reduced their target price on shares of Warner Bros. Discovery from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company lowered their price target on shares of Warner Bros. Discovery from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Finally, Sanford C. Bernstein cut Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $10.00 to $8.00 in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $10.55.

Warner Bros. Discovery Stock Performance

WBD opened at $9.18 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $22.51 billion, a price-to-earnings ratio of -1.91 and a beta of 1.48. The company has a fifty day moving average of $7.90 and a 200 day moving average of $7.83. Warner Bros. Discovery has a fifty-two week low of $6.64 and a fifty-two week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.79 billion. Warner Bros. Discovery had a negative return on equity of 27.28% and a negative net margin of 29.47%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.17) earnings per share. As a group, sell-side analysts forecast that Warner Bros. Discovery will post -4.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC boosted its position in Warner Bros. Discovery by 1.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 459,678 shares of the company’s stock valued at $4,013,000 after buying an additional 5,063 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Warner Bros. Discovery in the first quarter valued at approximately $979,000. Texas Permanent School Fund Corp grew its stake in Warner Bros. Discovery by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 458,382 shares of the company’s stock worth $4,002,000 after purchasing an additional 5,830 shares in the last quarter. Empirical Finance LLC increased its holdings in Warner Bros. Discovery by 3.5% during the 1st quarter. Empirical Finance LLC now owns 79,751 shares of the company’s stock worth $696,000 after purchasing an additional 2,713 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Warner Bros. Discovery during the 1st quarter valued at $457,000. Hedge funds and other 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.