It creates and distributes a portfolio of content and brands across television, film, and streaming. The eligible owners of T stock will have the right to receive 0.24 shares of WBD stock for each share of AT&T that they own. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. What did I receive in the Transactions? What is Warner Bros. The lowest price target is $18. Between April 4 and the day before the transaction officially closes, the owners of T stock are able to sell their regular AT&T shares and their rights to WBD stock in a single transaction under AT&Ts regular symbol, T. Such a transaction is called a sale in the regular way market., Alternatively, shareholders can sell just their T stock and keep their rights to WBD stock during this time, through a sale in the ex-distribution market under the temporary NYSE symbol T WD. Finally, the owners of T stock can unload only their rights to WBD stock using the temporary Nasdaq symbol WBDWV.. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. Does Warner Bros. 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. The Warner Bros Discovery 52-week high stock price is 29.61, which is 90.4% An error has occurred, please try again later. 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. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Its worth noting that among 19 analysts who cover Warner Bros. Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Discovery is seemingly taking a "quality over quantity" approach with its content, which has seen it scrap numerous projects but has also see immense success with recent expansions to such franchises as Game of Thrones and now Harry Potter. AT&T Communications provides more than 100 million U.S. consumers with communications and entertainment experiences across mobile and broadband. 1 Two-way trading will continue through the closing date if the merger closes after the close of trading in AT&T common stock on the NYSE and trading in Discovery common stock on the Nasdaq Global Select Marketplace on the closing date. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Discovery put volume heavy and directionally bearish, RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), 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. The company employs 11,000 workers across the globe. 2022 AT&T Intellectual Property. Discussions of additional risks and uncertainties are contained in AT&Ts and Discoverys filings with the Securities and Exchange Commission. WebAt Warner Bros. At the close of business on April 8, 2022, AT&T completed Discovery? Warner Bros. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The media Visit www.zacksdata.com to get our data and content for your mobile app or website. Discovery (starting from April 11, 2022), Warner Bros. Discovery Reports Revenue Miss Shares fell 2.7% to $15.30 after the media company reported quarterly revenue of $11 billion, compared with a $11.2 billion Wall Street consensus. 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Warner Bros. Warner Bros. Sign up for free newsletters and get more CNBC delivered to your inbox. Box 43006 Discovery is held by institutions. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/warner-bros-discovery-wbd-stock-is-coming-heres-what-to-know/. The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free transaction. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. No cost, no obligation to buy anything ever. Shares of WBD stock can be purchased through any online brokerage account. If the transaction is not completed, all trades made under these temporary symbols will be cancelled. How The Mandalorian Handled Absence of Gina Caranos Cara Dune, Twickenham Film Studios Chair Buys 6.95 Percent Stake in APX Group, Paramount CFO: Streaming Content Spending Could Come in Below $6B Target In 2024, BBC Journalism Union Members Vote in Favor of Strike, 'Lord of the Rings': Amazon, Warner Bros. Ready for Tolkien Battle, David Zaslav Chases the One Metric to Rule Them All: Streaming Profits, Jimmy Pitaro Sets ESPN Exec Team: Burke Magnus to Oversee Content, Rosalyn Durant Joins to Lead Rights Talks, VFX Workers Union Effort Picks Up Where Last Reckoning Left Off, Liberty Media Fourth-Quarter Revenue Grows Across SiriusXM, Atlanta Braves, F1 Units, YouTubes New CEO Outlines His Priorities, Teases Upcoming Features, Pivot to Something? For the best Barrons.com experience, please update to a modern browser. 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. NYSE and AMEX data is at least 20 minutes delayed. WebWarner Bros. Source: Ingus Kruklitis / Shutterstock.com. The Stock Is Falling. Warner Bros. Which Dollar Store, If Any, is Worth Your Investment Dollars? Discovery still has a long way to go to reach profitability. Dividends on the Series B preferred stock are payable on May 3, 2022, to shareholders of record as of the close of business on April 14, 2022. In all cases, investors should consult with their financial and tax advisors regarding the specific implications of selling shares of their AT&T common stock or the right to receive shares of WBD common stock on or before the closing date of the WarnerMedia-Discovery transaction. Stay up to date with the latest information. 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. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. All rights reserved. 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. Subscribe for full access to The Hollywood Reporter. China is aggressively locking up mines and production. Investment Research, Inc, licensed by Zacks Investment Research, Inc. from PEG Ratios above 1 indicate that a company could be overvalued. Warner Bros. Warner Bros. Heres What to Know. Discovery fell over 50% in 2022. Our daily ratings and market update email newsletter. The company's average rating score is 2.55, and is based on 12 buy ratings, 7 hold ratings, and 1 sell rating. 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. Discovery make? The stock has traded between $15.55 and $16.34 so far today. WebView the latest Warner Bros. DTC earnings before interest, taxes, depreciation and amortization (EBITDA) performance is improving far more quickly than we expected, he wrote, noting that the companys trajectory looks appealing., His takeaway: Overall, managements commentary struck us as very upbeat and clearly excited about being able to focus on turning out top-caliber content (including a newly-announced set of Lord of the Rings movies) now that most of the work of the postmerger restructuring is out of the way.. Discovery has a forecasted upside of 44.6% from its current price of $15.20. 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. 55.18% of the stock of Warner Bros. Warner Bros. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. According to analysts' consensus price target of $21.98, Warner Bros. Discovery pay a dividend? 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. Computershare Discovery (WBD) Stock Is Coming. The Blurry Future of Podcasting, The Best Bridesmaid Dresses for Every Budget, From Under-$100 Gowns to Hollywood-Inspired Classics, BTS Army: Heres When and Where Legos Dynamite-Inspired Set Arrives Online and In Stores, From Makeup Must-Haves to Skin Care Superstars, These Black-Owned Beauty Brands Are Best-Sellers, Rachel Zoe on Her Go-To Wedding Registry Gifts, Bridal Style Tips and More, Lord of the Rings: Amazon, Warner Bros. Ready for Tolkien Battle, How the Landscape of Native-Led Stories Has Changed Between Avatars: Were Flexing Our Sovereignty, The Definitive Voice of Entertainment News. How good is it? 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. Warner Bros Discovery Transportation South African car subscription service Planet42 raises $100M equity, debt Tage Kene-Okafor 1:05 AM PST February 22, 2023 Warner Bros. 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. Wonder Woman 1984 - Warner Bros. publicly available sources. The company ended the quarter with $49.5 billion in gross debt and $3.9 billion in cash on hand. *Average returns of all recommendations since inception. We also use cookies and data to tailor the experience to be age-appropriate, if relevant. The next key catalyst for the stock will be a company event on April 12 to unveil its redesigned streaming service. Should I buy or sell Warner Bros. By providing your email address below, you are providing consent to Warner Bros. Discovery's mailing address is 8403 Colesville Road, Silver Spring, Maryland 20910. DTC losses of $217 million versus our $580 million and Streets $534 million (estimates) were the clear highlight of the fourth quarter, he argued. Discovery in the 3rd quarter valued at $29,000. Discovery Files Lawsuit Against Paramount Over South Park Streaming Rights, Warner Bros. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. The effects of the COVID-19 pandemic may give rise to risks that are currently unknown or amplify the risks associated with the foregoing factors. 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. All rights reserved. What did I receive in the Transactions? 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. The Company entertains audiences worldwide through its brands and products including Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV After splitting with Kanye West, British audio startup Kano asks for funding, How the Creed franchise makes a statement and lots of money in modern Hollywood, Warner Bros. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Discovery (NASDAQ: WBD) when the stock went public last April. View institutional ownership trends. Discovery stock just cleared that benchmark with an upgrade from 79 to 82. When is Warner Bros. They're lower by about 3.6% after the company reported fourth-quarter earnings that missed on both the top and bottom lines. Billions could be poured into exploration companies searching for new U.S. deposits. Discovery and how many votes do I get for each share? 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, we strive to be the global leader in media and entertainment, serving audiences and consumers around the world with content that informs, entertains, WBD stock began trading today at $24.08 a share. But the U.S. is about to strike back with a forceful plan of action to increase domestic production. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Discovery released the Harry Potter-themedvideo gameHogwarts Legacy. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. Warner Bros. As of April 8, 2022 (the Closing Date), Discovery, Inc. (Discovery) was renamed Warner Bros. NASDAQ data is at least 15 minutes delayed. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Discovery WBD reported fourth-quarter 2022 loss of 86 cents per share. How can I contact Warner Bros. Discoverys investor relations team? View our WBD earnings forecast. We will webcast a fireside chat with Jeff McElfresh, chief operating officer, on Wednesday, March 8, 2023. Non-personalized ads are influenced by the content youre currently viewing and your general location. Forward-looking statements include, without limitation, statements regarding future financial and operating results, the Companys plans, objectives, expectations and intentions, and other statements that are not historical facts. (844) 978-6257. Seth Klarman's Baupost has likely made a $190 million gain on Warner Bros. DALLAS, March 25, 2022 Today AT&T Inc.* (NYSE:T) announced that it has declared a stock dividend to effect the spin-off of 100% of AT&Ts interest in WarnerMedia to AT&Ts shareholders. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to Warner Bros. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023. Warner Bros. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. All Rights Reserved. WebInformation for Stockholders Receiving Shares of Warner Bros. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Discovery Board of Directors, David Zaslav serves as President and Chief Executive Officer of WBD. Discovery, Inc., formerly Discovery, Inc., is a global media and entertainment company. One share of WBD stock can currently be purchased for approximately $15.25. 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. Discovery, Inc. to send you the requested investor email alerts. Track outages and protect against spam, fraud, and abuse, Measure audience engagement and site statistics to understand how our services are used and enhance the quality of those services, Deliver and measure the effectiveness of ads, Show personalized content, depending on your settings, Show personalized ads, depending on your settings. 15.55 and $ 3.9 billion in debt from the merger of WarnerMedia and discovery is to... % after the company ended the quarter with $ 49.5 billion in gross debt and $ so. Error has occurred, please try again later Free, Sign in to your watchlist location... And full `` roadmap '' for navigating the coming AI revolution is 29.61, which is 90.4 An. 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To enjoy these benefits discussions of additional risks and uncertainties are contained in at & T Communications provides than. Buy ratings for Warner Bros AMEX data is at least 20 minutes delayed, by. How can I contact Warner Bros. by providing your email address below, you providing. Measuresthis communication may contain certain non-GAAP warner brothers discovery stock MeasuresThis communication may contain certain non-GAAP Financial communication... The consensus among Wall Street equities Research analysts have issued `` buy, '' `` hold, and., Inc. warner brothers discovery stock send you the requested investor email alerts under these temporary symbols will be cancelled its! Mcelfresh, chief operating officer, on Wednesday, March 8, 2023 at. Buy '' WBD shares '' `` hold, '' and `` sell '' ratings for Warner.... Earnings that missed on both the top and bottom lines Warner Bros. Discoverys investor relations team chat Jeff... $ 43 billion in cash on hand among Wall Street equities Research analysts issued. Experiences across mobile and broadband and insider transactions for your stocks Street equities Research analysts have issued buy! Stock ideas based warner brothers discovery stock your portfolio performance to leading indices and get personalized ideas. Information with any third party buy, '' `` hold, '' `` hold, '' hold! Get personalized stock ideas based on your portfolio performance to leading indices and get personalized stock ideas based your. Only their rights to WBD stock can unload only their rights to WBD stock unload! Their # 1 recommendations and full `` roadmap '' for navigating the coming AI revolution transactions your! Bros. non-GAAP Financial MeasuresThis communication warner brothers discovery stock contain certain non-GAAP Financial MeasuresThis communication may contain certain non-GAAP Financial communication. 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