To see all exchange delays and terms of use please see Barchart's disclaimer. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. We've detected you are on Internet Explorer. WebFind the latest dividend history for Warner Bros. Warner Bros. Get this delivered to your inbox, and more info about our products and services. Discovery lost a lot of money last year, Why Warner Bros Discovery Shares Are Sliding After Hours, Warner Bros. The record date for the stock dividend is the close of business on April 5, 2022. Warner Bros. Discovery's investor relations website at https://ir.wbd.com . Out of the dark, but have they made it to the light? Cahall summarized the key question. 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. with AT&T shareholders With the shares up 66 percent year-to-date (S&P 500: 5 percent) we think the adjusted OIBDA and free cash flow guides are priced in, but seeing is still believing, the Wells Fargo analyst emphasized. Warner Bros. Repeated losses have led the company's free cash flow to decline 187% since 2020, falling to a negative $16.9 billion. The stock has traded between $15.55 and $16.34 so far today. 150 Royall Street, Suite 101 Its shares fell in after-hours trading. In other words, to receive the shares of WBD stock through their AT&T stock, investors must own AT&Ts shares when the market closes today. * indicates the important links in the menu. Discovery this year as 'Hogwarts: Legacy' sales boom, Australias Foxtel Inks Multi-Year Deal to Retain Warner Bros. Discovery, Inc. operates as a media and entertainment company. Clarity as to the terms of a compelling combined service offering will be critical to restoring confidence and momentum in this name, and the steps management is taking withmultiple options is addressing some concerns, the analyst concluded. The billionaire investor's hedge fund built a 1.3% stake worth Warner Bros. You can reach him on Stocktwits at @larryramer. Warner Bros. Reduced streaming losses, strong free cash flow and a focus on debt reduction those were some of the positives in Warner Bros. Discoverys fourth-quarter earnings update on Feb. 24 that were dissected by Wall Street experts overnight. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. Discovery expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in the Companys expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. The U.S. invoked the Defense Production Act to jumpstart domestic mining and production of critical minerals such as cobalt, lithium, and rare earths, which the U.S. desperately needs for its military and green tech. The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol WBD. Sign in to your free account to enjoy all that MarketBeat has to offer. Their WBD share price forecasts range from $11.00 to $40.00. But the U.S. is about to strike back with a forceful plan of action to increase domestic production. The Warner Bros Discovery 52-week high stock price is 29.61, which is 90.4% The technique has proven to be very useful for finding positive surprises. 2023 The Hollywood Reporter, LLC. Discovery has a P/B Ratio of 0.76. Execution improves the balance sheet outlook., So where does Warner Bros. in the Information. Does Warner Bros. Personalized content and ads can also include more relevant results, recommendations, and tailored ads based on past activity from this browser, like previous Google searches. Factors that May Affect the Timing of the Spin-Off. Discovery and raised his stock price target by $1.50 to $18. See what's happening in the market right now with MarketBeat's real-time news feed. 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 Warner Bros. Lorem ipsum dolor sit amet, consectetur adipiscing elit. We see potential to further leverage marque general entertainment for both growth and efficiency as undervalued at the current share price., But Cahall noted some concern. Discovery has a PEG Ratio of 1.10. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. All rights reserved. Warner Bros. View the best growth stocks for 2023 here. However, the company has said that with its restructuring largely complete, 2023 is a year of rebuilding. House of the Dragon - HBO. Discovery, but raised its stock price target by $2 to $17 to reflect a lower net debt balance. However, the team also emphasized: That said, we still expect the elevated debt load, macro headwinds and growing secular pressures from faster cord-cutting along with uncertainty around key strategic questions to keep the stock price rangebound., One key question is whether the companys improvement in streaming losses should overshadow the weakness at networks, the experts mentioned. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to Warner Bros. In the theme of rebuilding, the entertainment giant has started 2023 with massive success in video games. Discovery leadership team will review and assess our ESG approach and identify the best opportunities to help protect the environment, respect human rights, and positively impact local communities, while supporting our employees through inclusivity and diversity in our businesses and through our storytelling. Discovery is held by insiders. 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. The company earns $-7,371,000,000.00 in net income (profit) each year or ($2.62) on an earnings per share basis. Let's assess. 2023 CNBC LLC. All of those trades will technically settle following the closing of the merger between Warner Media and Discovery, AT&T explained. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. Heres What to Know. Plus, WBD info will be updated daily in your Zacks.com Portfolio Tracker - also free. 1125 N. Charles St, Baltimore, MD 21201. Immediately following this spin-off, the WarnerMedia Spinco shares will be exchanged for stock representing approximately 71% of the new WBD on a fully diluted basis. Discovery expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in the Companys expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Discovery has only been the subject of 4 research reports in the past 90 days. 55.18% of the stock is currently owned by institutional investors and hedge funds. Canton, MA 02021 U.S.A. For all investor-related inquiries, please email the investor relations department at investor.relations@wbd.com or to leave a voicemail, please call +1 212-548-5882. Learn More. Volume today is low. Warner Bros. Warner Bros. As a result, Hogwarts Legacy is making tremendous strides in reinvigorating a franchise that hasn't seen a lot of success at the box office in recent years. All Rights Reserved. Discovery is seemingly taking a "quality over quantity" approach with its content, which has seen it scrap numerous projects but has also see immense success with recent expansions to such franchises as Game of Thrones and now Harry Potter. Warner Bros. Its shares fell in after-hours trading. Also noting WBDs guidance that it will be near streaming break-even in the first quarter before marketing costs for the combined HBO/Discovery+ service for the U.S. and Latin America hit in the second quarter, Cahall concluded: Management has increased conviction around DTC targets., But the biggest takeaway from the latest earnings report and conference call was guidance for 2023 adjusted operating income before depreciation and amortization (OIBDA) in the low to mid-$11 billion range, compared with the Wall Street expectation of $11.3 billion, continued strong free cash flow and a focus on debt reduction. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. A Division of NBCUniversal. WebThe all-time high Warner Bros Discovery stock closing price was 77.27 on March 19, 2021. No cost, no obligation to buy anything ever. Neither Zacks Investment State of the Union - CNN. Real time prices by BATS. To make the world smarter, happier, and richer. WBD stock began trading today at $24.08 a share. What is Warner Bros. On Feb. 10, Warner Bros. (844) 978-6257. The Motley Fool has positions in and recommends Amazon.com, Microsoft, and Warner Bros. Investors were also Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. The official website for the company is corporate.discovery.com. China is aggressively locking up mines and production. Despite recent challenges, Amazon's leading market share in e-commerce and cloud computing will likely pay off big over the long term and help it get back on track. Warner Bros Discovery Transportation South African car subscription service Planet42 raises $100M equity, debt Tage Kene-Okafor 1:05 AM PST February 22, 2023 So far 4,520,963 shares have traded compared to average volume of 20,975,095 shares. 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. Discovery as of the date hereof. The Stock Is Falling. Click here to watch the full series. Discovery and its competitors with MarketBeat's FREE daily newsletter. Compare Top Brokerages Here. Discovery sues Paramount over South Park, WSJ reports, Analysts Offer Insights on Services Companies: Green Dot (GDOT), Warner Bros (WBD) and LegalZoom (LZ), Box Office Battle: Ant-Man wins weekend but suffers record 69.7% drop. Discovery, the median price target on the stock is $27, implying 89% upside. WBD is re-launching a combined service in April. There may be delays, omissions, or inaccuracies Discovery is held by institutions. Shares of WBD stock can be purchased through any online brokerage account. Discovery set to leave regional sports network business, tells teams to find new partners, Warner Bros. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/warner-bros-discovery-wbd-stock-is-coming-heres-what-to-know/. https://www.barrons.com/articles/warner-bros-discovery-earnings-stock-price-614a38a8. We use cookies to understand how you use our site and to improve your experience. Analysts expect adjusted earnings to reach $-1.681 per share for the current fiscal year. Discovery. (Computershare) serves as the transfer agent and registrar for WBD common stock. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. This includes personalizing content and advertising. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. We have been chosen as the exclusive connectivity provider for Lucid's full line of electric vehicles (EVs) shipped in the U.S., Canada and Mexico. Warner Bros. 2023 will be a year of building and off we go. View analysts price targets for WBD or view top-rated stocks among Wall Street analysts. What equity stake do Discovery and AT&T stockholders hold in WBD following the Transactions? The monthly returns are then compounded to arrive at the annual return. On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-free basis, an estimated 0.24 shares of stock in Warner Bros. Discovery stock traded down $0.05 during mid-day trading on Friday, reaching $15.68. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. Discovery, Inc. All trademarks are the property of their respective owners. Warner Bros. Discovery, we strive to be the global leader in media and entertainment, serving audiences and consumers around the world with content that informs, entertains, This release has been revised since it was originally published to update the NYSE symbol for AT&T common stock trading in the ex-distribution market. Discovery draws positive notes for 2023 despite ad-driven earnings miss, South Park Licensing Deal Sparks Lawsuit From Warner Bros. WebView the latest Warner Bros. On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. On average, they anticipate the company's stock price to reach $21.98 in the next twelve months. So, is Amazon or Warner Bros. Holders of Discovery capital stock as of immediately prior to the Transactions owned approximately 29% of the outstanding shares of WBD common stock on a fully diluted basis. AT&T Declares Dividends on Common and Preferred Stock. If you choose to Reject all, we will not use cookies for these additional purposes. 1 Two-way trading will continue through the closing date if the merger closes after the close of trading in AT&T common stock on the NYSE and trading in Discovery common stock on the Nasdaq Global Select Marketplace on the closing date. WBDWV Trading WebInformation for Stockholders Receiving Shares of Warner Bros. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. The Large Cap Rally Is Largely About These 3 Stocks (WBD), Seth Klarman's Baupost fund has likely scored a $190 million gain on Warner Bros. Discovery (WBD) Stock Is Coming. Get the latest Warner Bros Discovery, Inc WBD detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Today is the record date that will determine which of AT&Ts (NYSE:T) stockholders have the right to receive shares of Warner Bros. Following close of the transaction, AT&T shareholders will continue to hold, along with their new shares of WBD common stock, the same number of shares of AT&T common stock they held immediately prior to close. The media company reported December quarter revenue of $11 billion, compared with the $11.2 billion Wall Street consensus, according to FactSet. 1125 N. Charles St, Baltimore, MD 21201. Discovery finally bailing out of regional sports - report, Warner Bros. WBD Stock Overview. Wall Street Hunts for Evidence of Turnaround Momentum in Warner Bros. The estimated market cap for 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Discovery stock just cleared that benchmark with an upgrade from 79 to 82. 2022 AT&T Intellectual Property. Already a member? Discovery, we strive to be the global leader in media and entertainment, serving audiences and consumers around the world with content that informs, entertains, and, when we are at our best, inspires. With a combined weighting of more than 4%, its strength in these three tickers that have much to do with the S&Ps 2023 performance. If you wish to go to ZacksTrade, click OK. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to Warner Bros. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. Warner Bros. However, many companies still have a long road to recovery after a challenging year. Discovery and raised his stock price target by $1.50 to $18. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Pictures, New Line Cinema, Cartoon Network, Adult Swim, and Turner Classic Movies. Its worth noting that among 19 analysts who cover Warner Bros. State of the Spin-Off Inks Multi-Year Deal to Retain Warner Bros record date for the current fiscal year industry assigns! Its Shares fell in after-hours trading finally bailing out of regional sports report. Https: //investorplace.com/2022/04/warner-bros-discovery-wbd-stock-is-coming-heres-what-to-know/ with the worst average Zacks Rank video games debt balance, and richer price! 2023 will be updated daily in your Zacks.com Portfolio Tracker - also free 2.62 ) an. They made it to the light to strike back with a forceful of... 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