Warner Bros. Discovery (NASDAQ:WBD) Receives Buy Rating from Guggenheim

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Guggenheim in a research report issued on Tuesday,Benzinga reports.

Several other analysts also recently commented on WBD. Raymond James dropped their target price on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Citigroup cut their price objective on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Rosenblatt Securities reiterated a "neutral" rating and issued a $13.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Barclays upped their price target on shares of Warner Bros. Discovery from $7.00 to $9.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Finally, KeyCorp cut their target price on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $12.17.

Warner Bros. Discovery Trading Up 2.7%

Shares of WBD stock traded up $0.28 during trading hours on Tuesday, reaching $10.29. 29,674,388 shares of the stock traded hands, compared to its average volume of 34,431,023. Warner Bros. Discovery has a 1-year low of $6.64 and a 1-year high of $12.70. The firm has a market capitalization of $25.25 billion, a PE ratio of -2.24, a PEG ratio of 8.64 and a beta of 1.51. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The business has a fifty day moving average price of $8.86 and a 200 day moving average price of $9.94.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). The firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $9.66 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.40) EPS. On average, equities research analysts forecast that Warner Bros. Discovery will post -4.33 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WBD. Colonial Trust Advisors increased its holdings in Warner Bros. Discovery by 71.8% in the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after acquiring an additional 996 shares during the last quarter. WPG Advisers LLC bought a new position in shares of Warner Bros. Discovery in the 1st quarter worth $26,000. Stonebridge Financial Group LLC purchased a new position in Warner Bros. Discovery in the fourth quarter worth $26,000. Financial Gravity Asset Management Inc. bought a new stake in Warner Bros. Discovery in the 1st quarter worth approximately $27,000. Finally, SRS Capital Advisors Inc. raised its stake in shares of Warner Bros. Discovery by 313.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after acquiring an additional 1,940 shares in the last quarter. 59.95% of the stock is owned by institutional investors.

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.