Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Free Report) has earned a consensus recommendation of “Hold” from the twenty-three analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $27.0417.
Several research analysts have recently issued reports on WBD shares. KeyCorp reissued an “overweight” rating on shares of Warner Bros. Discovery in a research note on Friday, April 24th. Wells Fargo & Company began coverage on Warner Bros. Discovery in a research note on Monday, March 9th. They set an “equal weight” rating and a $31.00 target price for the company. Arete Research reaffirmed a “neutral” rating and set a $31.25 target price on shares of Warner Bros. Discovery in a research note on Friday, February 27th. TD Cowen raised their target price on Warner Bros. Discovery from $22.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, February 27th. Finally, Argus decreased their target price on Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd.
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Warner Bros. Discovery Trading Up 1.2%
NASDAQ:WBD opened at $27.20 on Friday. Warner Bros. Discovery has a 1 year low of $10.75 and a 1 year high of $30.00. The stock has a market cap of $68.19 billion, a price-to-earnings ratio of -38.86 and a beta of 1.54. The business has a fifty day moving average of $26.99 and a 200-day moving average of $27.71. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73.
Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($1.07). Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The business had revenue of $8.89 billion during the quarter, compared to the consensus estimate of $8.89 billion. During the same period in the previous year, the company posted ($0.18) EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities analysts predict that Warner Bros. Discovery will post -1.07 earnings per share for the current year.
Warner Bros. Discovery Company Profile
Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.
The company’s core activities include film and television production and distribution through units such as Warner Bros.
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