Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating) Chief Financial Officer Gunnar Wiedenfels acquired 25,000 shares of the company in a transaction on Wednesday, April 27. The shares were acquired at an average price of $19.95 per share, with a total value of $498,750.00. Following the acquisition, the CFO now owns 481,527 shares of the company, valued at approximately $9,606,463.65. The acquisition was disclosed in a filing with the SEC, accessible via the SEC’s website.
NASDAQ:WBD shares opened at $18.83 on Thursday. Warner Bros. Discovery, Inc. has a 52-week low of $18.20 and a 52-week high of $27.50. The company has a market capitalization of $9.53 billion, a PE ratio of 12.23, a PEG ratio of 1.11 and a beta of 1.12. The company has a debt ratio of 1.11, a current ratio of 2.10 and a quick ratio of 2.10.
Warner Bros. Discovery (NASDAQ:WBD – Get Rating) last released its quarterly earnings data on Tuesday, April 26. The company reported earnings per share of $0.69 for the quarter, beating the Zacks consensus estimate of $0.04 by $0.65. Warner Bros. Discovery had a return on equity of 8.12% and a net margin of 8.25%. Equity research analysts predict that Warner Bros. Discovery, Inc. will post EPS of 2.48 for the current year.
Several research companies have weighed in on WBD. Barclays began covering Warner Bros. Discovery in a report Wednesday. They issued an “equal weight” rating and a price target of $24.00 for the company. Rosenblatt Securities began covering Warner Bros. Discovery in a report on Tuesday, April 19. They issued a “sell” rating for the company. Evercore ISI moved Warner Bros. Discovery from an “in line” rating to an “outperforming” rating and set a price target of $40.00 for the company in a Monday, April 11 report. Bank of America launched a cover on Warner Bros. Discovery in a research report on Wednesday, April 13. They issued a “buy” rating and a target price of $45.00 for the company. Finally, Atlantic Securities noted Warner Bros. Discovery from a “neutral” rating to an “overweight” rating and set a target price of $40.00 for the company in a Monday, April 11 research report. One equity research analyst has assigned the stock a sell rating, another has issued a hold rating and three have assigned the stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $37.25.
About Warner Bros. Discovery (Get a rating)
Warner Bros. Discovery, Inc, a media company, provides content on various distribution platforms in approximately 50 languages around the world. It also produces, develops and distributes feature films, television, games and other content in various physical and digital formats through backbone, direct-to-consumer or theatrically, television content and game licensing.
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