Warner Bros. Discovery (WBD) Expected to Announce Earnings on Thursday

Warner Bros. Discovery (NASDAQ:WBD) is anticipated to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Warner Bros. Discovery to post earnings of $0.10 per share and revenue of $10.16 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Warner Bros. Discovery Trading Down 3.6 %

Shares of WBD opened at $10.69 on Wednesday. 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 50 day simple moving average of $10.31 and a 200-day simple moving average of $9.19. Warner Bros. Discovery has a 1-year low of $6.64 and a 1-year high of $12.70. The stock has a market cap of $26.22 billion, a price-to-earnings ratio of -2.33, a price-to-earnings-growth ratio of 8.64 and a beta of 1.49.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.36, for a total value of $2,094,228.96. Following the transaction, the insider now owns 599,317 shares in the company, valued at $7,407,558.12. The trade was a 22.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WBD. Barrington Research reissued an “outperform” rating and set a $16.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, December 13th. Raymond James raised their price objective on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Moffett Nathanson raised shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $13.00 in a research note on Tuesday, January 21st. KeyCorp raised their price objective on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Macquarie lifted their target price on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.76.

Warner Bros. Discovery Company Profile

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.