Warner Bros. Discovery, Inc. (NASDAQ:WBD) Given Consensus Recommendation of “Hold” by Brokerages

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has earned a consensus rating of “Hold” from the twenty brokerages that are currently covering the stock, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $10.55.

A number of equities analysts have recently weighed in on WBD shares. Sanford C. Bernstein downgraded Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $10.00 to $8.00 in a report on Tuesday, August 13th. Rosenblatt Securities restated a “neutral” rating and issued a $9.00 price objective on shares of Warner Bros. Discovery in a report on Friday, September 13th. Moffett Nathanson dropped 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. Macquarie increased their price objective on Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Wolfe Research upgraded Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th.

Warner Bros. Discovery Price Performance

Shares of WBD opened at $10.28 on Friday. The company has a market capitalization of $25.22 billion, a price-to-earnings ratio of -2.24 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 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The business’s 50-day moving average is $8.26 and its 200-day moving average is $7.92.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results 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 company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.79 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.17) EPS. Equities research analysts expect that Warner Bros. Discovery will post -4.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Warner Bros. Discovery

Several hedge funds have recently modified their holdings of WBD. Family Firm Inc. bought a new stake in shares of Warner Bros. Discovery in the second quarter valued at approximately $26,000. Crewe Advisors LLC bought a new position in Warner Bros. Discovery in the first quarter worth $27,000. OFI Invest Asset Management lifted its position in Warner Bros. Discovery by 45.9% in the second quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock worth $27,000 after purchasing an additional 1,221 shares during the period. Transcendent Capital Group LLC lifted its position in Warner Bros. Discovery by 665.4% in the first quarter. Transcendent Capital Group LLC now owns 4,003 shares of the company’s stock worth $35,000 after purchasing an additional 3,480 shares during the period. Finally, LRI Investments LLC bought a new position in Warner Bros. Discovery in the first quarter worth $39,000. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery Company Profile

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.