Delayed quotes by FIS. Discovery. We also use cookies and data to tailor the experience to be age-appropriate, if relevant. Discovery have a direct stock purchase and dividend reinvestment program? All rights reserved. Discovery listed on? WebWarner Bros. Warner Bros Discovery Incs trailing 12-month revenue is $26.0 billion with a -20.3% profit margin. It creates and distributes a portfolio of content and brands across television, film, and streaming. Inflation has eased every month since, with the same figure at 6.4% in January 2023. The technique has proven to be very useful for finding positive surprises. Warner Bros. What exchange is Warner Bros. We've detected you are on Internet Explorer. AT&T Declares Dividends on Common and Preferred Stock. 2023 The Hollywood Reporter, LLC. 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. 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. Details remain limited, but we see investor confidence in an incrementally compelling streaming offering as key to further share appreciation, wrote Morris. About the company. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. The following are brief In the theme of rebuilding, the entertainment giant has started 2023 with massive success in video games. Real-time analyst ratings, insider transactions, earnings data, and more. Discovery does not have a long track record of dividend growth. 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. The firm maintained its market perform rating on 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. This includes personalizing content and advertising. On average, they anticipate the company's stock price to reach $21.98 in the next twelve months. At Warner Bros. Our daily ratings and market update email newsletter. American Consumer News, LLC dba MarketBeat 2010-2023. Discovery stock right now? 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Warner Bros. Discovery in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WBD shares. Discovery does not currently pay a dividend on WBD common stock, The initial priority will be to repay debt incurred as part of the Transactions, Once we have reached our long-term gross leverage target, the board of directors will evaluate and determine Warner Bros. Discoverys capital allocation priorities, Warner Bros. At Warner Bros. https://www.barrons.com/articles/warner-bros-discovery-earnings-stock-price-614a38a8. Who serves on the WBD board of directors? You can reach him on Stocktwits at @larryramer. The company earns 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. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Wonder Woman 1984 - Warner Bros. An Overview of Blue Chips. Warner Bros. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. Copyright Warner Bros. Discovery, Inc. (WBD) NasdaqGS - NasdaqGS Real Time Price. Tolkien's books, Damn, Warner Bros. WebAt Warner Bros. Making the world smarter, happier, and richer. Discovery in the last twelve months. Trades under the symbols "T WD" and "WBDWV" will settle after the closing date of the WarnerMedia-Discovery transaction. Discovery lost a lot of money last year, Why Warner Bros Discovery Shares Are Sliding After Hours, Warner Bros. What was the record date for the distribution and when did the distribution occur? If you wish to go to ZacksTrade, click OK. 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. After close, investors should expect that AT&Ts share price will adjust to reflect the transfer of the WarnerMedia business to the newly formed Warner Bros. The company had reported earnings of 8 cents in the year-ago quarter. Computershare Box 43006 Select More options to see additional information, including details about managing your privacy settings. | Privacy Policy. AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information is available at about.att.com. 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. Discovery and raised his stock price target by $1.50 to $18. This stock dividend is in connection with the previously announced transaction to combine AT&Ts WarnerMedia business with Discovery, Inc. (NASDAQ: DISCA, DISCB, DISCK). 2023 will be a year of building and off we go. This transaction is expected to be completed between April 12 and the end of the month. Warner Bros. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. The news is promising. 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. WBD stock began trading today at $24.08 a share. Neither Zacks Investment Warner Bros. 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. Investors were also concerned with some of the company's controversial and expensive restructuring moves. Sign up for THR news straight to your inbox every day. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. NYSE and AMEX data is at least 20 minutes delayed. You can also visit g.co/privacytools at any time. As the fourth-quarter earnings cycle for Big Media closes Thursday, with Warner Bros. Get short term trading ideas from the MarketBeat Idea Engine. Discovery set to leave regional sports network business, tells teams to find new partners, Warner Bros. Discovery, Inc., a media company, provides content across various distribution platforms in approximately 50 languages worldwide. 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. Discovery as of the date hereof. completeness, timeliness, or correct sequencing of any of the Information on WebWarner Bros. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Discovery? The stock has traded between $15.55 and $16.34 so far today. Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. 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. It would not be an overstatement to say the difference was night and day when comparing prior earnings calls to last nights fourth-quarter 2022 earnings call, they wrote. Discovery's (WBD) Q4 Earnings, Ad Sales Drop Y/Y, Warner Bros. Warner Bros. Top institutional shareholders include Newport Trust Co (2.11%), Geode Capital Management LLC (1.97%), Moneta Group Investment Advisors LLC (1.16%), Sessa Capital IM L.P. (0.97%), Norges Bank (0.85%) and Morgan Stanley (0.77%). Discovery, the median price target on the stock is $27, implying 89% upside. Discovery secured the rights to J.R.R. Today is the record date that will determine which of AT&Ts (NYSE:T) stockholders have the right to receive shares of Warner Bros. 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. If the transaction is not completed, all trades made under these temporary symbols will be cancelled. Discovery? in the Information. So far 4,520,963 shares have traded compared to average volume of 20,975,095 shares. He has been employed by The Fly and Israels largest business newspaper, Globes. 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. WebWeeks after reports emerged of financial troubles plaguing Diamond Sports Group the largest operator of regional sports networks in the US Warner Bros. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. 55.18% of the stock of Warner Bros. Discovery, Inc.'s Q1 2024 Earnings (NASDAQ:WBD), RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. Currency in USD Follow 2W 10W 9M 15.55 -0.18 (-1.14%) At close: 04:00PM EST 15.45 -0.10 ( The P/E ratio of Warner Bros. Discovery (WBD) Stock Is Coming. Sign-up to receive the latest news and ratings for Warner Bros. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. All rights reserved. Discovery does not currently pay a dividend and does not currently have a direct stock purchase program, As of the Closing Date, AT&T stockholders received, on a tax-free basis, approximately 0.241917 shares of WBD common stock for each share of AT&T common stock held as of the record date, Cash was delivered to AT&T stockholders in lieu of fractional shares of WBD common stock, The exact number of shares of WBD common stock received by AT&T stockholders for each share of AT&T common stock was determined based on the number of shares of AT&T common stock outstanding and the number of shares of Discovery common stock outstanding, on a fully diluted, as-converted and as-exercised basis, immediately prior to the effective time of the Transactions, The number of shares of AT&T common stock you held was not affected by the closing of the Transactions, Discovery stockholders did not directly receive any consideration in the Transactions, Prior to the effective time of the Transactions, all shares of Discovery Series A common stock, Discovery Series B common stock, Discovery Series C common stock, Discovery Series A-1 preferred stock and Discovery Series C-1 preferred stock issued and outstanding or held by Discovery as treasury stock immediately prior to the effective time of the Transactions were reclassified and automatically converted into WBD common stock, All shares of WBD common stock issued in the reclassification were issued in book-entry form, Immediately after the Transactions, Discovery stockholders owned shares in WBD, which includes the WarnerMedia business, The distribution record date for AT&T stockholders was April 5, 2022, and ownership was determined as of 5:00pm New York City time, on that date, No distribution record date was established for Discovery stockholders as existing shares of Discovery capital stock were reclassified and automatically converted into shares of WBD common stock on the Closing Date, For AT&T stockholders: The distribution and the merger were a Reverse Morris Trust-type transaction and are expected to be tax-free to AT&T stockholders for U.S. federal income tax purposes, except to the extent that cash was paid to AT&T stockholders in lieu of fractional shares in the merger. Their WBD share price forecasts range from $11.00 to $40.00. Already a member? Discovery. Discovery's stock symbol? 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. What equity stake do Discovery and AT&T stockholders hold in WBD following the Transactions? Discovery fell over 50% in 2022. Amazon likely has a lucrative long-term future once economic headwinds subside. If you choose to Accept all, we will also use cookies and data to. AT&T Latin America provides wireless services to consumers and businesses in Mexico. There may be delays, omissions, or inaccuracies 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. Additional details about the WarnerMedia-Discovery transaction may be found in the Form 10 registration statement, which includes an information statement, filed as Exhibit 99.1, by the WarnerMedia Spinco entity, Magallanes, Inc., which is available athttp://www.sec.gov. Warner Bros. 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. Discovery and raised his stock price target by $1.50 to $18. Please log in to your account or sign up in order to add this asset to your watchlist. Warner Bros. WebWarner Bros. 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. Discovery's stock price today? The media company reported December quarter revenue of $11 billion, compared with the $11.2 billion Wall Street consensus, according to FactSet. Source: Ingus Kruklitis / Shutterstock.com. February 28, 2023|americanbankingnews.com, February 27, 2023|markets.businessinsider.com. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Discovery sinks on earnings miss, weak advertising revenue, view top-rated stocks among Wall Street analysts, 8403 Colesville Road, Silver Spring, Maryland 20910. These estimates and statements are subject to risks and uncertainties, and actual results might differ materially. Sign In. Such estimates and statements include, but are not limited to, statements about the benefits of the transaction, including future financial and operating results, the combined Spinco and Discovery companys plans, objectives, expectations and intentions, and other statements that are not historical facts. On Feb. 10, Warner Bros. If you experience any issues with this process, please contact us for further assistance. 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And Preferred stock forecasts range from $ 11.00 to $ 18 portfolio guidance, and actual might... Are subject to risks and uncertainties, and actual results might differ materially THR news straight to your or. Target on the stock of Warner Bros email newsletter subject to risks and uncertainties, and streaming your settings... Hold ratings and 10 buy ratings for Warner Bros building and off we go ESP ( Surprise., 2023|americanbankingnews.com, february 27, implying 89 % upside on average, they anticipate the company had earnings! The technique has proven to be completed between April 12 and the end of stock. On Warner Bros. WebAt Warner Bros. an Overview of Blue Chips $ 18 the Google privacy Policy and of... 15.55 and $ 16.34 so far today appreciation, wrote Morris about managing your privacy settings their WBD price! And Preferred stock, they anticipate the company 's controversial and expensive restructuring moves $ 11.00 to $ 18 2023|americanbankingnews.com!
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