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After finishing at $35.65 in the prior trading day, Warner Music Group Corp (NASDAQ: WMG) closed at $32.57, down -8.64%. In other words, the price has decreased by -$8.64 from its previous closing price. On the day, 4.61 million shares were traded. WMG stock price reached its highest trading level at $34.33 during the session, while it also had its lowest trading level at $32.55.
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 22.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.52. 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.
On February 05, 2024, Redburn Atlantic Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $17 to $21.
On November 15, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $35.Wells Fargo initiated its Equal Weight rating on November 15, 2023, with a $35 target price.
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 16867383296 and an Enterprise Value of 22157463552. As of this moment, Warner’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.55, and their Forward P/E ratio for the next fiscal year is 22.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.68 while its Price-to-Book (P/B) ratio in mrq is 36.42. Its current Enterprise Value per Revenue stands at 3.519 whereas that against EBITDA is 17.433.
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 -3.22%, while the 200-Day Moving Average is calculated to be -2.74%.
Shares Statistics:
The stock has traded on average 1.55M shares per day over the past 3-months and 1887520 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 24.04% stake in the company. Shares short for WMG as of 1713139200 were 4406590 with a Short Ratio of 2.83, compared to 1710460800 on 3657189. Therefore, it implies a Short% of Shares Outstanding of 4406590 and a Short% of Float of 3.6700000000000004.
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 0.018513324
Earnings Estimates
The current assessment of Warner Music Group Corp (WMG) involves the perspectives of 10.0 analysts closely monitoring its market dynamics.On average, analysts expect EPS of $0.24 for the current quarter, with a high estimate of $0.32 and a low estimate of $0.13, 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 $1.37 and $0.78 for the fiscal current year, implying an average EPS of $1.18. EPS for the following year is $1.46, with 13.0 analysts recommending between $1.65 and $1.1.
Revenue Estimates
For the next quarter, 13 analysts are estimating revenue of $1.62B. There is a high estimate of $1.68B for the next quarter, whereas the lowest estimate is $1.59B.
A total of 17 analysts have provided revenue estimates for WMG’s current fiscal year. The highest revenue estimate was $6.63B, while the lowest revenue estimate was $6.4B, resulting in an average revenue estimate of $6.5B. In the same quarter a year ago, actual revenue was $6.04BBased on 17 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 $6.55B.
