In yesterday’s Wall Street session, Warner Bros. Discovery Inc (NASDAQ:WBD) shares traded at $8.38, up 2.82% from the previous session.
WBD stock price is now 0.05% away from the 50-day moving average and -19.54% away from the 200-day moving average. The market capitalization of the company currently stands at $20.53B.
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With the price target maintained at $11, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for Warner Bros. Discovery Inc (NASDAQ: WBD). On April 23, 2024, Wolfe Research Downgraded its previous ‘Peer Perform’ rating to ‘Underperform’ on the stock keeping its target price maintained at $7, while ‘Rosenblatt’ rates the stock as ‘Neutral’
In other news, ADVANCE/NEWHOUSE PARTNERSHIP, Director bought 10,000,000 shares of the company’s stock on Dec 14 ’23. The stock was bought for $124,900,000 at an average price of $12.49. Upon completion of the transaction, the Director now directly owns 14,158,459 shares in the company, valued at $118.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14 ’23, Director Newhouse Steven O bought 10,000,000 shares of the business’s stock. A total of $124,900,000 was incurred on buying the stock at an average price of $12.49. This leaves the insider owning 14,158,459 shares of the company worth $118.65 million. A total of 9.54% of the company’s stock is owned by insiders.
During the past 12 months, Warner Bros. Discovery Inc has had a low of $7.34 and a high of $14.76. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 0.82, and a quick ratio of 0.82.
According to the Entertainment Company, earnings per share came in at -0.51, missing analysts’ expectations of -0.38 by -0.13. This compares to -$0.44 EPS in the same period last year. The net profit margin was -7.46% and return on equity was -6.67% for WBD. The company reported revenue of $9.96 billion for the quarter, compared to $10.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.93 percent. For the current quarter, analysts expect WBD to generate $10.29B in revenue.
Warner Bros. Discovery Inc(WBD) 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. The Network segment comprises domestic and international television networks. The DTC segment offers premium pay-tv and streaming services. In addition, the company offers portfolio of content, brands, and franchises across television, film, streaming, and gaming under the Warner Bros. Motion Picture Group, Warner Bros. Television Group, DC, HBO, HBO Max, Max, Discovery Channel, discovery+, CNN, HGTV, Food Network, TNT Sports, TBS, TLC, OWN, Warner Bros. Games, Batman, Superman, Wonder Woman, Harry Potter, Looney Tunes, Hanna-Barbera, Game of Thrones, and The Lord of the Rings brands. Further, it provides content through distribution platforms, including linear network, free-to-air, and broadcast television; authenticated GO applications, digital distribution arrangements, content licensing arrangements, and direct-to-consumer subscription products. Warner Bros. Discovery, Inc. was incorporated in 2008 and is headquartered in New York, New York.
