Barrington Research Reiterates Outperform Rating for Warner Bros. Discovery (NASDAQ:WBD)

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

Several other equities analysts have also recently weighed in on WBD. TD Cowen dropped their price objective on Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group increased their target price on shares of Warner Bros. Discovery from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Monday, October 7th. Wells Fargo & Company lowered their target price on 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. Morgan Stanley dropped their price target on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Warner Bros. Discovery from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of “Hold” and a consensus price target of $10.55.

Warner Bros. Discovery Trading Down 2.0 %

Shares of WBD stock opened at $9.18 on Thursday. Warner Bros. Discovery has a 12-month low of $6.64 and a 12-month high of $12.70. The firm has a 50 day moving average price of $7.90 and a two-hundred day moving average price of $7.83. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $22.51 billion, a PE ratio of -1.91 and a beta of 1.48.

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

Hedge Funds Weigh In On Warner Bros. Discovery

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