After finishing at $33.12 in the prior trading day, Warner Music Group Corp (NASDAQ: WMG) closed at $32.50, down -1.87%. In other words, the price has decreased by -$0.62 from its previous closing price. On the day, 784442 shares were traded.
Ratios:
Our goal is to gain a better understanding of WMG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.46. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 9.28 whereas as Long-Term Debt/Eq ratio is at 9.19.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Redburn Atlantic on February 05, 2024, Upgraded its rating to Neutral and sets its target price to $21 from $17 previously.
On November 15, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $35.
UBS Upgraded its Neutral to Buy on October 03, 2023, whereas the target price for the stock was revised from $34 to $37.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 15 ’24 when Benet Lincoln E sold 71,981 shares for $36.12 per share. The transaction valued at 2,599,954 led to the insider holds 277,360 shares of the business.
Lousada Max sold 869,008 shares of WMG for $28,990,107 on Dec 05 ’23. The CEO, Recorded Music now owns 1,883,578 shares after completing the transaction at $33.36 per share.
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 17.15B and an Enterprise Value of 20.69B. As of this moment, Warner’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.47, and their Forward P/E ratio for the next fiscal year is 22.23. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.67 while its Price-to-Book (P/B) ratio in mrq is 36.34. Its current Enterprise Value per Revenue stands at 3.29 whereas that against EBITDA is 17.55.
Stock Price History:
Over the past 52 weeks, WMG has reached a high of $38.05, while it has fallen to a 52-week low of $23.62. The 50-Day Moving Average of the stock is 35.25, while the 200-Day Moving Average is calculated to be 32.45.
Shares Statistics:
The stock has traded on average 1.34M shares per day over the past 3-months and 1.02M shares per day over the last 10 days, according to various share statistics. A total of 138.34M shares are outstanding, with a floating share count of 133.14M. Insiders hold about 74.29% of the company’s shares, while institutions hold 24.32% stake in the company. Shares short for WMG as of Feb 29, 2024 were 2.59M with a Short Ratio of 1.93, compared to 3.87M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.50% and a Short% of Float of 2.16%.
Dividends & Splits
In the trailing 12 months, WMG’s forward annual dividend rate was 0.66, compared to 0.67 this year. Against a Trailing Annual Dividend Yield of 1.99%, it implies a Forward Annual Dividend Yield of 2.09%.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of $0.25 for the current quarter, with a high estimate of $0.3 and a low estimate of $0.19, while EPS last year was $0.06. The consensus estimate for the next quarter is $0.3, with high estimates of $0.36 and low estimates of $0.23.
Analysts are recommending an EPS of between $1.35 and $0.81 for the fiscal current year, implying an average EPS of $1.15. EPS for the following year is $1.46, with 11 analysts recommending between $1.65 and $1.13.
Revenue Estimates
A total of 14 analysts have provided revenue estimates for WMG’s current fiscal year. The highest revenue estimate was $6.63B, while the lowest revenue estimate was $6.44B, resulting in an average revenue estimate of $6.51B. In the same quarter a year ago, actual revenue was $6.04B, up 7.90% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $6.83B in the next fiscal year. The high estimate is $7.07B and the low estimate is $6.53B. The average revenue growth estimate for next year is up 4.80% from the average revenue estimate for this year.
