WBDWV Trading Warner Bros. This transaction is expected to be completed between April 12 and the end of the month. Invest better with The Motley Fool. A focus on strong free cash flow, debt reduction and minimizing streaming losses had some Wall Street experts raising price targets. However, its focus on producing engaging and quality content from now on could take it far, whether in gaming, streaming, or at the box office. Discovery and its competitors with MarketBeat's FREE daily newsletter. WebWarner Bros. This option will be available under the temporary Nasdaq symbol "WBDWV". At the updated rate, AT&Ts stock remains among the best dividend-yielding stocks in the United States and in the Fortune 500. On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. The close of the transaction births new company Warner Bros. 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. The company earns Sign up for THR news straight to your inbox every day. Discovery, Inc. to send you the requested investor email alerts. Discovery does not currently pay a dividend. One share of WBD stock can currently be purchased for approximately $15.25. 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 in connection with the completion of the transactions (the Transactions) to acquire the WarnerMedia business from AT&T Inc. (AT&T). The estimated market cap for Discovery announced what seemed to be coming: they were planning on exiting the regional sports network business. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Discovery posted fourth-quarter revenue slightly below expectations. The stock has traded between $15.55 and $16.34 so far today. As a result, Warner Bros. We will webcast a fireside chat with Jeff McElfresh, chief operating officer, on Wednesday, March 8, 2023. If you experience any issues with this process, please contact us for further assistance. Discovery, Inc. (Warner Bros. Discovery or WBD). Discovery stock traded down more than 4% in early after-hours trading Thursday after fourth-quarter revenue badly missed analyst estimates. ', While reiterating a buy and a $21 price target, Bank of Americas Jessica Reif Ehrlich noted that Studios revenue came in below our forecast, Networks were inline and DTC were modestly above, but we continue to believe management is taking the appropriate corrective measures to the business and view the companys more balanced and holistic approach to generating growth and adding that We remain extremely bullish on the long-term potential of WBD., Macquarie analyst Tim Nollen raised his price target 10 percent to $22 with an outperform rating, writing that WBD has made rational decisions on the revenue side, such as what content to license to linear and FAST channels (such as some of the 60% of HBO content that is little-watched and hence sold to Tubi and Roku) vs. what to put on its own streaming services.. Get daily stock ideas from top-performing Wall Street analysts. The company ended the quarter with $49.5 billion in gross debt and $3.9 billion in cash on hand. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. WebWarner Bros. Click here to watch the full series. Discussions of additional risks and uncertainties are contained in AT&Ts and Discoverys filings with the Securities and Exchange Commission. WebAt Warner Bros. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. What is the market capitalization of Warner Bros. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. All Rights Reserved. Discovery make? 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. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. Seth Klarman's Baupost has likely made a $190 million gain on Warner Bros. The Zacks Rank has been called the Billion Dollar Secret. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. However, the company has said that with its restructuring largely complete, 2023 is a year of rebuilding. You can unsubscribe from any of the investor The Companys actual results could differ materially from those stated or implied due to risks and uncertainties associated with its business, which include the risk factors disclosed in the Company's filings with the U.S. Securities and Exchange Commission, including but not limited to the Companys most recent Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K. 2023 The Hollywood Reporter, LLC. See the Full List of Stocks To Beat Earnings. On the closing date of the transaction, each AT&T shareholder will receive, on a tax-free basis, an estimated 0.24 shares of the new WBD common stock for each share of AT&T common stock held as of the record date for the 55.18% of the stock of Warner Bros. The record date for the stock dividend is the close of business on April 5, 2022. Which Dollar Store, If Any, is Worth Your Investment Dollars? 2023 InvestorPlace Media, LLC. 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. 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 as of the date hereof. The U.S. is dangerously lacking in critical minerals such as cobalt, lithium, and rare earths needed to maintain our national security. Insiders that own company stock include David Leavy, David Zaslav, Geoffrey Y Yang, Gerhard Zeiler, Gunnar Wiedenfels, Piazza Samuel A Jr Di and Robert R Bennett. Discovery? This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. For the best Barrons.com experience, please update to a modern browser. WebWarner Bros. Discovery? There are currently 1 sell rating, 7 hold ratings and 12 buy ratings for the stock. The news is promising. Discovery Announce Plans To Exit RSNs; Added With Bally Sports Puts Two-Thirds Of MLB On Edge, Warner Bros. What did I receive in the Transactions? * indicates the important links in the menu. Discovery Inc. Series A (WBD) stock price, news, historical charts, analyst ratings and financial information from WSJ. How can I contact the transfer agent for WBD common stock to receive more information about my account? What exchange is Warner Bros. Zacks Ranks stocks can, and often do, change throughout the month. Two-Way Trading for AT&T Stock Expected to Begin on April 4. Got a confidential news tip? Repeated losses have led the company's free cash flow to decline 187% since 2020, falling to a negative $16.9 billion. The new title earned $850 million in its first two weeks and sold more than 12 million units via Sony's PlayStation 5,Microsoft's Xbox Series X|S console, and personal computers. 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. Trades under the symbols "T WD" and "WBDWV" will settle after the closing date of the WarnerMedia-Discovery transaction. Warner Bros. This is an estimated date of earnings release. Discovery (NASDAQ:WBD) has a market capitalization of $37.76 billion and generates $33.82 billion in revenue each year. Providence, RI 02940 U.S.A. Mailing address (overnight delivery): Nasdaq What is Warner Bros. 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. Information set forth in this communication, including any financial estimates and statements as to the expected timing, completion and effects of the proposed transaction between AT&T, Spinco, and Discovery constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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. Warner Bros. Sign-up to receive the latest news and ratings for Warner Bros. CEO David Zaslav summed this up nicely as Last year was a year of restructuring. 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. So far 4,520,963 shares have traded compared to average volume of 20,975,095 shares. Source: Ingus Kruklitis / Shutterstock.com. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. During the two-way trading period, an AT&T shareholder also has the option of selling the right to receive shares of WBD common stock while retaining shares of AT&T common stock. How can I contact Warner Bros. Warner's recent prioritization of quality over quantity in its content is promising for its future. View institutional ownership trends. Discovery, Inc. (WBD) stock. Evercore ISI has placed a price target on the stock of $40. 3 days ago - Barrons Warner Bros. Discovery Board of Directors. Sign in to your free account to enjoy all that MarketBeat has to offer. Computershare Trust Company, N.A. 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 Get this delivered to your inbox, and more info about our products and services. View our WBD earnings forecast. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. 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. See what's happening in the market right now with MarketBeat's real-time news feed. Discovery's stock was trading at $9.48 at the start of the year. Visit Performance Disclosure for information about the performance numbers displayed above. Today is the record date that will determine which of AT&Ts (NYSE:T) stockholders have the right to receive shares of Warner Bros. Its shares fell in after-hours trading. The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol WBD. At Warner Bros. View which stocks are hot on social media with MarketBeat's trending stocks report. Warner Bros. Its shares fell in after-hours trading. Is Stellantis Stock a Value Investors Dream? Warner Bros. With the close of the pending WarnerMedia transaction expected in April, the AT&T board of directors today also declared a second quarter dividend of $0.2775 per share on the companys common stock. Shares of Warner Brothers Discovery are on the move. At Warner Bros. Discovery, Inc. operates as a media and entertainment company. 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. Computershare WebWeeks after reports emerged of financial troubles plaguing Diamond Sports Group the largest operator of regional sports networks in the US Warner Bros. 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