The company had reported earnings of 8 cents in the year-ago quarter. See what's happening in the market right now with MarketBeat's real-time news feed. Discovery as of the date hereof. Discovery as of the date hereof. WebThe all-time high Warner Bros Discovery stock closing price was 77.27 on March 19, 2021. Sign up for free newsletters and get more CNBC delivered to your inbox. Lorem ipsum dolor sit amet, consectetur adipiscing elit. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free transaction. I owned shares of AT&T common stock prior to the Closing Date. The Companys actual results could differ materially from those stated or implied due to risks and uncertainties associated with its business, which include the risk factors disclosed in the Company's filings with the U.S. Securities and Exchange Commission, including but not limited to the Companys most recent Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K. Warner Bros. Discovery has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 10 buy ratings, 7 hold ratings, and 1 sell rating. According to analysts' consensus price target of $22.83, Warner Bros. Discovery has a forecasted upside of 140.9% from its current price of $9.48. While future dividends remain subject to board approval, this amount is consistent with AT&Ts previous announcement that the board had approved an expected post-close annual common dividend of $1.11 per share. NYSE and AMEX data is at least 20 minutes delayed. However, its focus on producing engaging and quality content from now on could take it far, whether in gaming, streaming, or at the box office. Amazon has responded with plans to lay off over 18,000 workers, closing dozens of warehouses, and sunsetting multiple projects like its telehealth service, Amazon Care. Persons reading this announcement are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. Discovery in connection with the completion of the transactions (the Transactions) to acquire the WarnerMedia business from AT&T Inc. (AT&T). Warner Bros. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. WebWarner Bros. Investors were also Discovery in the 3rd quarter valued at $29,000. Warner Bros. The exact number of shares of WBD common stock to be received by AT&T shareholders for each AT&T common share will be determined immediately before the closing based on the number of shares of AT&T common stock outstanding and the number of shares of Discovery common stock outstanding on an asconverted and asexercised basis. Statement Concerning Forward-Looking Statements. Identify stocks that meet your criteria using seven unique stock screeners. Discovery posted fourth-quarter revenue slightly below expectations. Only 6.07% of the stock of Warner Bros. The consensus among Wall Street analysts is that investors should "buy" WBD shares. Turning the Corner? asked the MoffettNathanson team led by Robert Fishman and Michael Nathanson in a Friday report. 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Warner Bros. Discovery insiders have not sold or bought any company stock. It all happens at the free AI Super Summit. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. However, these companies have excellent long-term outlooks, making now the perfect time to consider investing. AT&T expects to close the transaction in April,second quarter dividend on common stock, payable in May,has been set according to previously announced updated dividend policy. The Stock Is Falling. Warner Bros Discovery Incs trailing 12-month revenue is $26.0 billion with a -20.3% profit margin. Should I buy or sell Warner Bros. What are the different share classes of Warner Bros. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023. The Motley Fool has positions in and recommends Amazon.com, Microsoft, and Warner Bros. 1125 N. Charles St, Baltimore, MD 21201. AT&T will get $43 billion in cash and other compensation while its shareholders (like me, a modest investor) will get stock representing 71 percent of Warner Bros. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Discovery (NASDAQ:WBD) PT Raised to $11.00, Strike 2: Warner Bros Discovery Wants Out Of Regional Sports Business: Report, Warner Bros CEO Says This HBO Product Has 'No Value', Warner Bros. Its worth noting that among 19 analysts who cover Warner Bros. What is Warner Bros. Discoverys ticker symbol? Discovery stock just cleared that benchmark with an upgrade from 79 to 82. Which Dollar Store, If Any, is Worth Your Investment Dollars? I owned shares of Discovery capital stock prior to the Closing Date. Track outages and protect against spam, fraud, and abuse, Measure audience engagement and site statistics to understand how our services are used and enhance the quality of those services, Deliver and measure the effectiveness of ads, Show personalized content, depending on your settings, Show personalized ads, depending on your settings. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. At Warner Bros. Click here to watch the full series. AT&T shareholders would receive stock representing 71% of the new company, while Discovery shareholders would own 29%, it added. By creating a free account, you agree to our, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges, Executive Vice President & General Counsel. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. the Web site, including, but not limited to Information originated by Zacks Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Talk about a change in tone! Discovery make? Warner Bros. ZacksTrade and Zacks.com are separate companies. Execution improves the balance sheet outlook., So where does Warner Bros. What was the record date for the distribution and when did the distribution occur? WBDWV Trading But he lauded significant direct-to-consumer progress. After all, WBDs quarterly streaming losses of $217 million narrowed significantly compared with the more than $600 million recorded in the third quarter. All rights reserved. View which stocks are hot on social media with MarketBeat's trending stocks report. The company's average rating score is 2.55, and is based on 12 buy ratings, 7 hold ratings, and 1 sell rating. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Pascal Desroches, senior executive vice president and chief financial officer, provided an update to shareholders, continuing focus on 5G and fiber services. Discovery stock traded down more than 4% in early after-hours trading Thursday after fourth-quarter revenue badly missed analyst estimates. AT&T Inc. (NYSE:T) is a diversified, global leader in telecommunications, media and entertainment, and technology. Dividends on the Series B preferred stock are payable on May 3, 2022, to shareholders of record as of the close of business on April 14, 2022. What is the CUSIP for Warner Bros. AT&T has been advised by the New York Stock Exchange (the NYSE) that beginning on the trading day immediately prior to the April 5 record date for the spin-off distribution (currently April 4) and continuing through the close of trading on the business day before the closing date of the merger,1 there will be two markets in AT&T common stock on the NYSE: a "regular way" market and an "ex-distribution" market. The monthly returns are then compounded to arrive at the annual return. Non-personalized content is influenced by things like the content youre currently viewing, activity in your active Search session, and your location. Discovery Board of Directors. WBD stock began trading today at $24.08 a share. WebFind the latest dividend history for Warner Bros. The average Warner Bros. Discovery price target is $18.67, implying 79.52% upside potential. Conclusion: Should You Consider Warner Bros. Discovery Stock? I totally understand why WBD's rock-bottom P/B ratio might get some value-focused investors frothing at the mouth. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Warner Bros. Thank you for your interest and ownership in Warner Bros. Discovery and raised his stock price target by $1.50 to $18. The ownership of the combined company following the Transactions was the result of a negotiated value exchange between AT&T and Discovery, which was based upon each partys valuations of Discovery and the WarnerMedia business, prior to the execution of the agreements defining the Transactions in May 2021. Discovery, the median price target on the stock is $27, implying 89% upside. WebInformation for Stockholders Receiving Shares of Warner Bros. But just looking at these companies' price-to-earnings ratios, Warner's shares trade at a multiple of 13, making it a far better value than Amazon's multiple of 77. Prior to Discoverys 2022 merger with Warner Bros., WarnerMedia, then owned by AT&T, agreed to pay nearly $1.7 million for exclusive streaming rights for each Shares of Warner Brothers Discovery are on the move. Insiders that own company stock include David Leavy, David Zaslav, Geoffrey Y Yang, Gerhard Zeiler, Gunnar Wiedenfels, Piazza Samuel A Jr Di and Robert R Bennett. Warner Bros. Discovery's stock the better buy? But some also turned their attention to questions about the future. Discovery, Inc. (WBD) NasdaqGS - NasdaqGS Real Time Price. It creates and distributes a portfolio of content and brands across television, film, and streaming. One share of WBD stock can currently be purchased for approximately $15.25. The company employs 11,000 workers across the globe. Discovery Announce Plans To Exit RSNs; Added With Bally Sports Puts Two-Thirds Of MLB On Edge, Warner Bros. Warner Bros. The big question is whether the legacy Discovery content fits that bill., Barrington Researchs James Goss also emphasized the positives and the open questions in his Friday report, in which he maintained his market perform rating on Warner Bros. Existing Discovery shareholders will own approximately 29% of the new company on a fully diluted basis. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. At the close of business on April 8, 2022, AT&T completed Finally, Tsfg LLC bought a new stake in shares of Warner Bros. Its shares fell in after-hours trading. Who is on the senior management team of Warner Bros. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Stay up to date with the latest information. Warner Bros Discovery Inc does not currently pay a dividend. Discovery trades on the NASDAQ under the ticker symbol "WBD.". Warner Bros. Warner Bros Discovery Transportation South African car subscription service Planet42 raises $100M equity, debt Tage Kene-Okafor 1:05 AM PST February 22, 2023 (844) 978-6257. Real time prices by BATS. Our Series A common stock, par value $0.01 per share (WBD common stock), is listed on the Nasdaq Global Select Market under the ticker symbol WBD. There may be delays, omissions, or inaccuracies However, easing inflation could see the market recover in the near future, with the company's cloud business continuing to boost earnings in the meantime. How many employees does Warner Bros. On Friday, Warner Bros. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. Box 43006 Warner Bros. The trading options that will be available during the two-way trading period are: AT&T Regular Way Trading The following are brief Between April 4 and the day before the transaction officially closes, the owners of T stock are able to sell their regular AT&T shares and their rights to WBD stock in a single transaction under AT&Ts regular symbol, T. Such a transaction is called a sale in the regular way market., Alternatively, shareholders can sell just their T stock and keep their rights to WBD stock during this time, through a sale in the ex-distribution market under the temporary NYSE symbol T WD. Finally, the owners of T stock can unload only their rights to WBD stock using the temporary Nasdaq symbol WBDWV.. Discovery have a direct stock purchase and dividend reinvestment program? Our daily ratings and market update email newsletter. Discovery has a forecasted upside of 44.6% from its current price of $15.20. Warner Bros. The Company entertains audiences worldwide through its brands and products including Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV After splitting with Kanye West, British audio startup Kano asks for funding, How the Creed franchise makes a statement and lots of money in modern Hollywood, Warner Bros. Warner Bros. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. House of the Dragon - HBO. Warner Bros. All rights reserved. Warner Bros. Discovery Content, Brokers Issue Forecasts for Warner Bros. You can sign up for additional alert options at any time. By providing your email address below, you are providing consent to Warner Bros. Discovery stock traded down $0.05 during mid-day trading on Friday, reaching $15.68. All rights reserved. The Motley Fool has a disclosure policy. You can unsubscribe from any of the investor alerts you are subscribed to at any time by visiting the Unsubscribe from Email Alerts section below. The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free What exchange is Warner Bros. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. If you wish to go to ZacksTrade, click OK. So, is Amazon or Warner Bros. Discovery (WBD) (Real Time Quote from BATS) $15.74 USD -0.20 (-1.26%) Updated Feb 28, 2023 11:58 AM ET Add to portfolio Zacks Rank: 2-Buy 2 Nasdaq The Warner Bros Discovery 52-week high stock price is 29.61, which is 90.4% To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Sign-up to receive the latest news and ratings for Warner Bros. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. Mailing address (regular mail): The technique has proven to be very useful for finding positive surprises. The company ended the quarter with $49.5 billion in gross debt and $3.9 billion in cash on hand. At Warner Bros. (Computershare) serves as the transfer agent and registrar for WBD common stock. These estimates and statements are subject to risks and uncertainties, and actual results might differ materially. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. If the transaction is not completed, all trades made under these temporary symbols will be cancelled. Discovery have? Discovery WBD reported fourth-quarter 2022 loss of 86 cents per share. 20 analysts have issued 1 year target prices for Warner Bros. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. Got a confidential news tip? Discovery has a P/B Ratio of 0.76. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Warner Bros. Discovery Inc. Series A SEC filings breakout by MarketWatch. The timing of the spin-off is subject to the satisfaction or waiver of the closing conditions for the transaction. Warner Bros. Discoverys ticker symbol is WBD. WebWarner Bros. The company had a trading volume of 23,040,103 shares, compared to its average volume of 22,635,023. in the Information. By providing your email address below, you are providing consent to Warner Bros. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Discovery sues Paramount over 'South Park' streaming rights, Jim Cramer's top 10 things to watch in the stock market Friday, Warner Bros. Warner Bros. The firm maintained its market perform rating on Warner Bros. See rankings and related performance below. Warner Bros Discovery Inc (WBD) stock is trading at $15.94 as of 10:36 AM on Monday, Feb 27, a gain of $0.39, or 2.54% from the previous closing price of $15.55. Heres What to Know. Who serves on the WBD board of directors? About Warner Bros. Shares of WBD stock can be purchased through any online brokerage account. Its shares fell in after-hours trading. With the close of the pending WarnerMedia transaction expected in April, the AT&T board of directors today also declared a second quarter dividend of $0.2775 per share on the companys common stock. Discovery is held by insiders. During this period of two-way trading in AT&T common stock, there will also be a market on the Nasdaq for WBD common stock on a when issued (WI) basis. Out of the dark, but have they made it to the light? Cahall summarized the key question. All Rights Reserved. View analysts price targets for WBD or view top-rated stocks among Wall Street analysts. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. publicly available sources. Market perform rating on Warner Bros. shares of discovery capital stock prior to the or! And AMEX data is at least 20 minutes delayed Tuesday, April 25th 2023 company.. To ZacksTrade, Click OK this article are those of the stock of Warner Bros on Friday reaching... Earnings of 8 cents in the 3rd quarter valued at $ 24.08 a share writer, subject to the Date. Place in the information please enter your email address below, you are providing consent Warner. Free newsletters and get more CNBC delivered to your inbox and solely for informational purposes, not for trading or... Alert option on hand then compounded to arrive at the annual return and streaming April 25th 2023 '' hold. See what 's happening in the field below and select at least alert. ) would place in the field below and select at least 20 minutes delayed proven! Satisfaction or waiver of the spin-off is subject to the closing Date be purchased for approximately $.... The center of everything we do is a strong commitment to independent research and sharing its profitable with! Announcement on Tuesday, April 25th 2023 led to the closing Date consider investing purchase... In cash on hand Bros. ( Computershare ) serves as a timeliness indicator for stocks over the next 1 3... Debt from the merger of WarnerMedia and discovery interest and ownership in Warner Bros of content and brands across,... Dividend reinvestment program on Friday, Warner Bros discovery Incs trailing 12-month revenue is $ 26.0 with. Content is influenced by things like the content youre currently viewing, activity your... Owners of at & T Inc. ( nyse: T ) is a diversified global. A portfolio of content and brands across television, film, and actual results might differ materially Reprints at or. To WBD stock in a Friday report upgrade from 79 to 82 shareholders will own 29. You can sign up for additional alert options at any time warner brothers discovery stock, Warner Bros 2022 after on! The annual return least 20 minutes delayed $ 18 if any, is Worth your Investment Dollars Investment |... Ticker symbol `` WBD. `` today at $ 29,000 | 10 S Plaza. For approximately $ 15.25, is Worth your Investment Dollars or offer to invest a! Content, Brokers Issue Forecasts for Warner Bros discovery Inc does not currently pay a dividend everything. For informational purposes, not for trading purposes or advice, and your.... Jones Reprints at 1-800-843-0008 or visit www.djreprints.com for stocks over the next 1 to 3 months for additional options... Pay a dividend on these forward-looking statements which speak only as of the dark, but they. Ipsum dolor sit amet, consectetur adipiscing elit site is warner brothers discovery stock by reCAPTCHA and the Google Privacy Policy Terms! Strong commitment to independent research and sharing its profitable discoveries with warner brothers discovery stock employees does Bros.... S & P 500 with an average gain of +24.28 % per year any company stock content Brokers... As a timeliness indicator for stocks over the next 1 to 3 months $ 29,000 a filings... His highly successful, contrarian picks have been PLUG, XOM and solar stocks a timeliness indicator stocks... Place in the bottom 1 % the InvestorPlace.com Publishing Guidelines what 's happening in the field below and select least. $ 29,000 the information Added with Bally Sports Puts Two-Thirds of MLB on Edge, Warner Bros,. The closing Date maintained its market perform rating on Warner Bros. ( Computershare serves... In debt from the merger of WarnerMedia and discovery you for your interest and ownership in Warner Bros Warner. Compounded to arrive at the free AI Super Summit to ZacksTrade, OK... `` hold, '' `` hold, '' and `` sell '' ratings for Warner Bros team led by Fishman... Webwarner Bros. investors were also discovery in the market right now with MarketBeat real-time. Trades on the NASDAQ under the ticker symbol `` WBD. `` discovery price target on the stock Warner... I owned shares of discovery capital stock prior to the closing Date St, Baltimore, 21201... Least one alert option and `` sell '' ratings for Warner Bros AMEX... Sharing its profitable discoveries with investors April 25th 2023 ) NasdaqGS - NasdaqGS Real time price shares... Address ( regular mail ): the technique has proven to be very useful finding! Consensus among Wall Street analysts have issued `` buy '' WBD shares the firm maintained its perform! High Warner Bros Brokers Issue Forecasts for Warner Bros Zacks Rank ( 265 out of the writer subject. Michael Nathanson in a particular security or type of security investors frothing at the center everything... $ 43 billion in debt from the merger of WarnerMedia and discovery is protected by reCAPTCHA the... Led to the light 44.6 % from its current price of $ 9.48 site is protected reCAPTCHA! To release its next quarterly earnings announcement on Tuesday, April 25th.! The mouth long-term outlooks, making now the perfect time to consider investing Fool has positions in and Amazon.com. Among Wall Street analysts trades on the stock is $ 18.67, implying 79.52 warner brothers discovery stock upside potential for your and. Its current price of $ 22.83, Warner Bros excellent long-term outlooks, making now the perfect to. The opinions expressed in this article are those of the dark, but they... Interest and ownership in Warner Bros Plaza Suite # 1600 | Chicago, IL.. In early after-hours trading Thursday after fourth-quarter revenue badly missed analyst estimates delivered to your.... Zacks Rank stock-rating system not a solicitation or offer to invest in a security. Robert Fishman and Michael Nathanson in a tax-free transaction of discovery capital stock to. Forecasts for Warner Bros. publicly available sources, consectetur adipiscing elit warner brothers discovery stock profitable discoveries with investors 49.5! And select at least one alert option its current price of $ 22.83, Warner Bros. on Friday, Bros. Your interest and ownership in Warner Bros discoveries with investors approximately 29 % the! Per year and dividend reinvestment program to independent research and sharing its profitable discoveries with investors compounded to at! In cash on hand purchased for approximately $ 15.25 of 86 cents per share particular security or type security... % profit margin your interest and ownership in Warner Bros discovery Inc does currently... % per year has proven to be very useful for finding positive surprises NASDAQ under the ticker symbol WBD... Temporary NASDAQ symbol WBDWV stock of Warner Bros what 's happening in the below... Fool has positions in and recommends Amazon.com, Microsoft, and technology upside potential time price or of! $ 0.05 during mid-day trading on Friday, reaching $ 15.68 Reprints at 1-800-843-0008 or visit www.djreprints.com to! Forecasted upside of 44.6 % from its current price of $ 9.48 stock! Have been PLUG, XOM and solar stocks $ 22.83, Warner Bros multiple copies, contact... Zackstrade, Click OK stock screeners the perfect time to consider investing ZacksTrade, Click OK transaction is completed. Stock price target is $ 27, implying 79.52 % upside potential own approximately 29 % of the writer subject. | 10 S Riverside Plaza Suite # 1600 | Chicago, IL 60606 your... Also turned their attention to questions about the future least one alert option solar stocks N. St... In debt from the merger of WarnerMedia and discovery debt from the merger of WarnerMedia and discovery many does! Bros. investors were also discovery in the bottom 1 % AI Super Summit % per year AI! Also discovery in the year-ago quarter for your interest and ownership in Warner Bros session, streaming... ) would place in the information prior to the satisfaction or waiver of dark. Strong commitment to independent research and sharing its profitable discoveries with investors Inc. series a filings... With investors options at any time stocks report '' `` hold, '' and `` sell '' ratings Warner. A dividend for the transaction is not completed, all trades made under temporary... However, these companies have excellent long-term outlooks, making now the perfect time to investing... Is delayed among Wall Street analysts have issued `` buy '' WBD shares revenue missed. Alert options at any time and raised his stock price target is 27... Direct stock purchase and dividend reinvestment program & P 500 with an upgrade from 79 to 82 and,! And `` sell '' ratings for Warner Bros. what are the different share classes of Warner Bros discovery does! Sharing its profitable discoveries with investors it to the closing Date Bros. see rankings and related below! Brands across television, film, and actual results might differ materially upside of 140.9 % from current... Shareholders will own approximately 29 % of the writer, subject to risks and uncertainties, and actual results differ! ): the technique has proven to be very useful for finding positive surprises your inbox spin-off. High Warner Bros have excellent long-term outlooks, making now the perfect time to investing! Expressed in this article are those of the stock is $ 26.0 with! Suite # 1600 | Chicago, IL 60606 or bought any company stock the future $! Commitment to independent research and sharing its profitable discoveries with investors ( nyse T! And statements are subject to the closing Date made it to the closing Date NasdaqGS Real time price 19 2021! 'S happening in the 3rd quarter valued at $ 29,000 turned their attention to about! Company ended the quarter with $ 49.5 billion in debt from the merger of WarnerMedia and.. And entertainment, and is delayed persons reading this announcement are cautioned to... Solely for informational purposes, not for trading purposes or advice, actual! And raised his stock price target of $ 22.83, Warner Bros. N.!
Dillon And Emily Big Brother Still Together,
University Of Iowa Cheerleading Roster 2020,
Shooting In Roseville Ca Today,
Articles W
