As of close of business last night, Warner Music Group Corp’s stock clocked out at $34.03, down -3.60% from its previous closing price of $35.30. In other words, the price has decreased by -$1.27 from its previous closing price. On the day, 1945424 shares were traded. WMG stock price reached its highest trading level at $35.49 during the session, while it also had its lowest trading level at $33.46.
Ratios:
To gain a deeper understanding of WMG’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.71. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 17.62B and an Enterprise Value of 21.17B. As of this moment, Warner’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.18, and their Forward P/E ratio for the next fiscal year is 23.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.80 while its Price-to-Book (P/B) ratio in mrq is 38.05. Its current Enterprise Value per Revenue stands at 3.36 whereas that against EBITDA is 17.95.
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 35.60, while the 200-Day Moving Average is calculated to be 31.99.
Shares Statistics:
It appears that WMG traded 1.41M shares on average per day over the past three months and 1.58M shares per day over the past ten days. A total of 138.34M shares are outstanding, with a floating share count of 133.18M. Insiders hold about 74.28% of the company’s shares, while institutions hold 24.31% stake in the company. Shares short for WMG as of Feb 15, 2024 were 2.77M with a Short Ratio of 1.96, compared to 3.49M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.53% and a Short% of Float of 2.31%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.66, WMG has a forward annual dividend rate of 0.67. Against a Trailing Annual Dividend Yield of 1.87%, it implies a Forward Annual Dividend Yield of 2.00%.
Earnings Estimates
As of right now, 9 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.23 for the current quarter, with a high estimate of $0.3 and a low estimate of $0.12, while EPS last year was $0.06. The consensus estimate for the next quarter is $0.29, 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 $1.13. EPS for the following year is $1.47, with 13 analysts recommending between $1.65 and $1.13.
Revenue Estimates
A total of 15 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 7.80% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $6.83B in the next fiscal year. The high estimate is $7.14B and the low estimate is $6.53B. The average revenue growth estimate for next year is up 4.90% from the average revenue estimate for this year.
