Warner Bros. Discovery’s (WBD) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Warner Bros. Discovery (NASDAQ:WBD) in a report issued on Monday,Benzinga reports. Barrington Research currently has a $16.00 price target on the stock.

Several other equities analysts have also commented on the stock. Benchmark reaffirmed a “buy” rating and set a $18.00 price target on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Rosenblatt Securities reissued a “neutral” rating and set a $13.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Argus raised Warner Bros. Discovery to a “hold” rating in a research report on Tuesday, May 27th. KeyCorp reduced their target price on Warner Bros. Discovery from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Finally, Citigroup lowered their price target on 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. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Warner Bros. Discovery presently has a consensus rating of “Moderate Buy” and an average price target of $12.17.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD opened at $10.51 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $25.80 billion, a PE ratio of -2.29, a P/E/G ratio of 8.64 and a beta of 1.51. The firm has a 50 day simple moving average of $8.90 and a 200-day simple moving average of $9.94. Warner Bros. Discovery has a 1-year low of $6.64 and a 1-year high of $12.70.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WBD. Colonial Trust Advisors grew its position in shares of Warner Bros. Discovery by 71.8% during the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock worth $25,000 after buying an additional 996 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in Warner Bros. Discovery during the 4th quarter valued at $26,000. WPG Advisers LLC bought a new position in Warner Bros. Discovery during the 1st quarter valued at $26,000. SRS Capital Advisors Inc. grew its holdings in Warner Bros. Discovery by 313.4% during the 4th 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. Finally, Financial Gravity Asset Management Inc. acquired a new position in Warner Bros. Discovery during the 1st quarter worth $27,000. 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.