Warner Music Group Corp. (WMG) Stock Performance in the Last 52 Weeks

The closing price of Warner Music Group Corp. (NASDAQ: WMG) was $25.21 for the day, down -0.71% from the previous closing price of $25.39. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 1547401 shares were traded. WMG stock price reached its highest trading level at $25.49 during the session, while it also had its lowest trading level at $25.00.

Unlock the Hottest Top 10 Penny Stocks Today! Discover Now

Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.

Gain Access to Top 10 Penny Stocks Now!.

Sponsored

Ratios:

Our analysis of WMG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 52.95. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 15.82 whereas as Long-Term Debt/Eq ratio is at 15.82.

Upgrades & Downgrades

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 24 when Benet Lincoln E sold 30,000 shares for $32.14 per share. The transaction valued at 964,200 led to the insider holds 349,341 shares of the business.

Benet Lincoln E sold 20,000 shares of WMG for $640,000 on Feb 21. The Director now owns 379,341 shares after completing the transaction at $32.00 per share. On Nov 30, another insider, Benet Lincoln E, who serves as the Director of the company, sold 15,000 shares for $34.03 each. As a result, the insider received 510,450 and left with 399,341 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WMG now has a Market Capitalization of 13.34B and an Enterprise Value of 17.01B. As of this moment, Warner’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.82, and their Forward P/E ratio for the next fiscal year is 22.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.28 while its Price-to-Book (P/B) ratio in mrq is 51.45. Its current Enterprise Value per Revenue stands at 2.92 whereas that against EBITDA is 16.25.

Stock Price History:

Over the past 52 weeks, WMG has reached a high of $38.76, while it has fallen to a 52-week low of $21.57. The 50-Day Moving Average of the stock is 29.65, while the 200-Day Moving Average is calculated to be 30.18.

Shares Statistics:

WMG traded an average of 1.60M shares per day over the past three months and 1.85M shares per day over the past ten days. A total of 515.91M shares are outstanding, with a floating share count of 114.33M. Insiders hold about 0.30% of the company’s shares, while institutions hold 89.40% stake in the company. Shares short for WMG as of May 14, 2023 were 2.44M with a Short Ratio of 2.44M, compared to 4.26M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.47% and a Short% of Float of 2.22%.

Dividends & Splits

With its trailing 12-month dividend rate of 0.63, WMG has a forward annual dividend rate of 0.64. Against a Trailing Annual Dividend Yield of 2.48%, it implies a Forward Annual Dividend Yield of 2.52%.

Earnings Estimates

The firm’s stock currently is rated by 13 analysts. On average, analysts expect EPS of $0.2 for the current quarter, with a high estimate of $0.26 and a low estimate of $0.16, while EPS last year was $0.24. The consensus estimate for the next quarter is $0.23, with high estimates of $0.31 and low estimates of $0.18.

Analysts are recommending an EPS of between $0.94 and $0.61 for the fiscal current year, implying an average EPS of $0.75. EPS for the following year is $1.12, with 14 analysts recommending between $1.31 and $0.58.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. It ranges from a high estimate of $1.5B to a low estimate of $1.44B. As of the current estimate, Warner Music Group Corp.’s year-ago sales were $1.43B, an estimated increase of 3.00% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $1.56B, an increase of 4.00% over than the figure of $3.00% in the same quarter last year. There is a high estimate of $1.61B for the next quarter, whereas the lowest estimate is $1.52B.

Based on 14 analysts’ estimates, the company’s revenue will be $6.36B in the next fiscal year. The high estimate is $6.66B and the low estimate is $6.06B. The average revenue growth estimate for next year is up 7.40% from the average revenue estimate for this year.