Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives Average Recommendation of "Hold" from Analysts

Warner Bros. Discovery, Inc. (NASDAQ:WBD - Get Free Report) has earned an average rating of "Hold" from the twenty research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $10.66.

WBD has been the subject of a number of recent analyst reports. Moffett Nathanson dropped their price target on Warner Bros. Discovery from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, August 8th. Needham & Company LLC reiterated a "hold" rating on shares of Warner Bros. Discovery in a research report on Thursday, October 10th. Barclays decreased their price objective on Warner Bros. Discovery from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 8th. TD Cowen decreased their price objective on Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Warner Bros. Discovery from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th.

Warner Bros. Discovery Price Performance

Shares of WBD traded up $0.06 during mid-day trading on Monday, reaching $7.66. The company had a trading volume of 9,075,158 shares, compared to its average volume of 28,775,713. The company's 50-day moving average is $7.82 and its 200-day moving average is $7.83. Warner Bros. Discovery has a twelve month low of $6.64 and a twelve month high of $12.70. The company has a market capitalization of $18.77 billion, a P/E ratio of -6.13 and a beta of 1.48. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.76 and a quick ratio of 0.76.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($4.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($3.89). Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The business had revenue of $9.71 billion for the quarter, compared to analyst estimates of $10.07 billion. During the same period in the prior year, the business earned ($0.51) earnings per share. The company's revenue for the quarter was down 6.2% on a year-over-year basis. On average, equities analysts anticipate that Warner Bros. Discovery will post -4.47 EPS for the current year.

Institutional Trading of Warner Bros. Discovery

Hedge funds and other institutional investors have recently modified their holdings of the company. Sessa Capital IM L.P. increased its position in shares of Warner Bros. Discovery by 28.8% in the second quarter. Sessa Capital IM L.P. now owns 22,784,883 shares of the company's stock valued at $169,520,000 after acquiring an additional 5,100,000 shares during the last quarter. EdgePoint Investment Group Inc. increased its position in shares of Warner Bros. Discovery by 1.1% in the second quarter. EdgePoint Investment Group Inc. now owns 20,855,527 shares of the company's stock valued at $155,165,000 after acquiring an additional 235,192 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Warner Bros. Discovery by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 14,192,814 shares of the company's stock valued at $105,595,000 after acquiring an additional 719,869 shares during the last quarter. Yacktman Asset Management LP increased its position in shares of Warner Bros. Discovery by 1.2% in the second quarter. Yacktman Asset Management LP now owns 8,152,369 shares of the company's stock valued at $60,654,000 after acquiring an additional 100,565 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of Warner Bros. Discovery by 23.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 7,542,407 shares of the company's stock valued at $56,116,000 after acquiring an additional 1,452,913 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company's stock.

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.