On Tuesday, Warner Music Group Corp (NASDAQ: WMG) opened higher 0.53% from the last session, before settling in for the closing price of $32.03. Price fluctuations for WMG have ranged from $27.06 to $38.05 over the past 52 weeks.
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Annual sales at Communication Services sector company grew by 8.04% over the past five years. Company’s average yearly earnings per share was noted 39.57% at the time writing. With a float of $133.38 million, this company’s outstanding shares have now reached $138.34 million.
Let’s look at the performance matrix of the company that is accounted for 5900 employees. In terms of profitability, gross margin is 45.02%, operating margin of 16.45%, and the pretax margin is 11.94%.
Warner Music Group Corp (WMG) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Entertainment industry is another important factor to consider. The insider ownership of Warner Music Group Corp is 74.25%, while institutional ownership is 27.00%. The most recent insider transaction that took place on Sep 11 ’24, was worth 7,044,101. In this transaction CEO, Recorded Music of this company sold 250,769 shares at a rate of $28.09, taking the stock ownership to the 2,039,002 shares. Before that another transaction happened on Sep 10 ’24, when Company’s CEO, Recorded Music sold 428,834 for $28.00, making the entire transaction worth $12,007,352. This insider now owns 2,289,771 shares in total.
Warner Music Group Corp (WMG) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.34 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.25) by 0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 39.57% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.05% during the next five years compared to 6.43% growth over the previous five years of trading.
Warner Music Group Corp (NASDAQ: WMG) Trading Performance Indicators
Check out the current performance indicators for Warner Music Group Corp (WMG). In the past quarter, the stock posted a quick ratio of 0.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.61. Likewise, its price to free cash flow for the trailing twelve months is 25.08.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.04, a number that is poised to hit 0.28 in the next quarter and is forecasted to reach 1.44 in one year’s time.
Technical Analysis of Warner Music Group Corp (WMG)
Warner Music Group Corp (NASDAQ: WMG) saw its 5-day average volume 1.73 million, a negative change from its year-to-date volume of 1.84 million. As of the previous 9 days, the stock’s Stochastic %D was 61.94%. Additionally, its Average True Range was 0.57.
During the past 100 days, Warner Music Group Corp’s (WMG) raw stochastic average was set at 87.19%, which indicates a significant increase from 65.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.35% in the past 14 days, which was lower than the 24.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $30.34, while its 200-day Moving Average is $32.01. Nevertheless, the first resistance level for the watch stands at $32.35 in the near term. At $32.49, the stock is likely to face the second major resistance level. The third major resistance level sits at $32.77. If the price goes on to break the first support level at $31.93, it is likely to go to the next support level at $31.65. The third support level lies at $31.51 if the price breaches the second support level.
Warner Music Group Corp (NASDAQ: WMG) Key Stats
There are currently 517,919K shares outstanding in the company with a market cap of 16.68 billion. Presently, the company’s annual sales total 6,037 M according to its annual income of 430,000 K. Last quarter, the company’s sales amounted to 1,554 M and its income totaled 139,000 K.
