The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Warner Bros. No fractional shares of WBD common stock were issued in the merger, Computershare is your primary contact for issues and questions relating to your account, as well as to request a change of address, stock transfers, and other questions related to WBD common stock of which you are the record owner. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. Discovery WBD reported fourth-quarter 2022 loss of 86 cents per share. Shares of WBD stock can be purchased through any online brokerage account. Discovery in connection with the completion of the transactions (the Transactions) to acquire the WarnerMedia business from AT&T Inc. (AT&T). AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. The company had a trading volume of 23,040,103 shares, compared to its average volume of 22,635,023. 2023 The Hollywood Reporter, LLC. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. 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. At Warner Bros. WebWarner Bros. quotes delayed at least 15 minutes, all others at least 20 minutes. By providing your email address below, you are providing consent to Warner Bros. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. You must click the activation link in order to complete your subscription. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Discovery Regional Sports Networks May File For Chapter 7 Bankruptcy, Warner Bros. Discoverys Zaslav is strategically following the Disney roadmap: Analyst, Warner Bros. Discovery are expected to grow by 51.35% in the coming year, from $1.11 to $1.68 per share. Discovery's (WBD -3.62%) stocks plunged 50% and 62%, respectively, amid macroeconomic headwinds and remain down between 39% to 44% year over year. Discovery's investor relations website at https://ir.wbd.com . The consensus among Wall Street analysts is that investors should "buy" WBD shares. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. I owned shares of AT&T common stock prior to the Closing Date. Warner Bros. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Volume today is low. What did I receive in the Transactions? Is Stellantis Stock a Value Investors Dream? Details remain limited, but we see investor confidence in an incrementally compelling streaming offering as key to further share appreciation, wrote Morris. Fourth-quarter revenue came in at $11.1 billion well short of the $11.36 billion estimates while quarterly losses came in at a total of $2.1 billion, or 86 cents per share. Discovery? 55.18% of the stock of Warner Bros. Click here to watch the full series. 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. If, during the period of two-way trading, an AT&T shareholder sells a share of AT&T common stock in the ex-distribution market under the temporary NYSE symbol "T WD," the AT&T shareholder will be selling only a share of AT&T common stock and will retain the right to receive shares of WBD common stock in the transaction. So, is Amazon or Warner Bros. Copyright Warner Bros. publicly available sources. Box 43006 Discovery's stock price forecast for 2023? Discovery's stock price today? Discovery. Additionally, the board of directors declared quarterly dividends on the companys 5.000% Perpetual Preferred Stock, Series A, and the companys 4.750% Perpetual Preferred Stock, Series C. The Series A dividend is $312.50 per preferred share, or $0.3125 per depositary share. Since then, WBD shares have increased by 60.9% and is now trading at $15.25. Should I buy or sell Warner Bros. Discovery pay a dividend? Information Providers, or gathered by Zacks Investment Research, Inc. from Larry began writing columns for InvestorPlace in 2015. 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. Billions could be poured into exploration companies searching for new U.S. deposits. Theres even room for more lines. If you experience any issues with this process, please contact us for further assistance. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. Discovery and raised his stock price target by $1.50 to $18. WebWarner Bros. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Additionally, the company's position in the cloud market with Amazon Web Services has become a major asset. 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. House of the Dragon - HBO. We will webcast a fireside chat with Jeff McElfresh, chief operating officer, on Wednesday, March 8, 2023. What is Warner Bros. To make the world smarter, happier, and richer. 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. At Warner Bros. Making the world smarter, happier, and richer. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to Warner Bros. Forward-looking statements include statements regarding the Companys expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as anticipate, believe, could, continue, estimate, expect, intend, may, should, will and would or similar words. 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. This transaction is expected to be completed between April 12 and the end of the month. The following are brief Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. Discovery have a direct stock purchase and dividend reinvestment program? Get short term trading ideas from the MarketBeat Idea Engine. NYSE and AMEX data is at least 20 minutes delayed. https://www.barrons.com/articles/warner-bros-discovery-earnings-stock-price-614a38a8. AT&T shareholders continue to hold the same number of shares of AT&T common stock they held immediately prior to close. Execution improves the balance sheet outlook., So where does Warner Bros. Discovery released the Harry Potter-themedvideo gameHogwarts Legacy. Wall Street Hunts for Evidence of Turnaround Momentum in Warner Bros. Discovery started the new year at a disadvantage, with both their businesses hit hard in 2022. Warner Bros. Discovery insiders have not sold or bought any company stock. 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. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Source: Ingus Kruklitis / Shutterstock.com. Discovery entity. Cost basis and return based on previous market day close. On Friday, Warner Bros. Cautionary Statement Concerning Forward-Looking StatementsInformation set forth in this communication contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Discovery posted fourth-quarter revenue slightly below expectations. The monthly returns are then compounded to arrive at the annual return. Beat Bobby Flay - Food Network. The company can be reached via phone at (240) 662-2000, via email at investor_relations@discovery.com, or via fax at 240-662-1868. What is the market capitalization of Warner Bros. Turning the Corner? asked the MoffettNathanson team led by Robert Fishman and Michael Nathanson in a Friday report. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. 3 days ago - Barrons Warner Bros. 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. 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. 326 E 8th St #105, Sioux Falls, SD 57103 Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Stock Ratings Reports 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. Does Warner Bros. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Warner Bros. What is Warner Bros. Warner Bros. 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. Receive WBD Stock News and Ratings via Email. Discovery shares are the better buy right now, and a bargain at their current price. There are currently 1 sell rating, 7 hold ratings and 12 buy ratings for the stock. 1125 N. Charles St, Baltimore, MD 21201. Discovery's stock is owned by a number of retail and institutional investors. This is an estimated date of earnings release. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Discovery (NASDAQ:WBD) has a market capitalization of $37.76 billion and generates $33.82 billion in revenue each year. Discovery still has a long way to go to reach profitability. As the fourth-quarter earnings cycle for Big Media closes Thursday, with Warner Bros. Only 6.07% of the stock of Warner Bros. The stock has traded between $15.55 and $16.34 so far today. Two-Way Trading for AT&T Stock Expected to Begin on April 4. In the past three months, Warner Bros. Discovery, Inc. (WBD) stock. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements are the following: the occurrence of any event, change or other circumstances that could give rise to the termination of the proposed transaction; the risk that the necessary regulatory approvals may not be obtained or may be obtained subject to conditions that are not anticipated; risks that any of the other closing conditions to the proposed transaction may not be satisfied in a timely manner; risks that the anticipated tax treatment of the proposed transaction is not obtained; risks related to litigation brought in connection with the proposed transaction; uncertainties as to the timing of the consummation of the proposed transaction; risks and costs related to the implementation of the separation of Spinco, including timing anticipated to complete the separation, any changes to the configuration of the businesses included in the separation if implemented; the risk that the integration of Discovery and Spinco being more difficult, time consuming or costly than expected; risks related to financial community and rating agency perceptions of each of AT&T and Discovery and its business, operations, financial condition and the industry in which it operates; risks related to disruption of management time from ongoing business operations due to the proposed merger; failure to realize the benefits expected from the proposed merger; effects of the announcement, pendency or completion of the proposed merger on the ability of AT&T, Spinco or Discovery to retain customers and retain and hire key personnel and maintain relationships with their suppliers, and on their operating results and businesses generally; and risks related to the potential impact of general economic, political and market factors on the companies or the proposed transaction. Data is a real-time snapshot *Data is delayed at least 15 minutes. Mr. Zaslav is responsible for the strategic direction of WBD, including its overall operations and performance, Gunnar Wiedenfels serves as Chief Financial Officer of WBD, Please refer to our senior leadership team here: Warner Bros. Already a member? How High Can the Supreme Court Take SOFI Stock. 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 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. The Series C dividend is $296.875 per preferred share, or $0.296875 per depositary share. Warner Bros Discovery Inc does not currently pay a dividend. Factors that May Affect the Timing of the Spin-Off. Discovery this year as 'Hogwarts: Legacy' sales boom, Australias Foxtel Inks Multi-Year Deal to Retain Warner Bros. But the U.S. is about to strike back with a forceful plan of action to increase domestic production. contact@marketbeat.com Discovery? All rights reserved. There may be delays, omissions, or inaccuracies 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 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. Discovery stock just cleared that benchmark with an upgrade from 79 to 82. This year as 'Hogwarts: Legacy ' sales boom, Australias Foxtel Inks Multi-Year to... Services has become a Motley Fool member today to get instant access to our analyst! 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