Warner Music Group Corp (NASDAQ: WMG) on Tuesday, soared 0.72% from the previous trading day, before settling in for the closing price of $31.94. Within the past 52 weeks, WMG’s price has moved between $27.06 and $38.05.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 7.72%. The company achieved an average annual earnings per share of 3.96%. With a float of $134.34 million, this company’s outstanding shares have now reached $142.56 million.
Let’s determine the extent of company efficiency that accounts for 5800 employees. In terms of profitability, gross margin is 46.5%, operating margin of 14.78%, and the pretax margin is 9.35%.
Warner Music Group Corp (WMG) Insider Activity
Observing investor behavior towards Entertainment industry stocks is more important than anything else. The insider ownership of Warner Music Group Corp is 74.07%, while institutional ownership is 28.58%. The most recent insider transaction that took place on Dec 10 ’24, was worth 14,772,315. Before that another transaction happened on Dec 09 ’24, when Company’s Affiliate proposed sale 25,000 for $32.35, making the entire transaction worth $808,750.
Warner Music Group Corp (WMG) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.96% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.00% during the next five years compared to 10.55% growth over the previous five years of trading.
Warner Music Group Corp (NASDAQ: WMG) Trading Performance Indicators
Warner Music Group Corp (WMG) is currently performing well based on its current performance indicators. A quick ratio of 0.65 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.59. Likewise, its price to free cash flow for the trailing twelve months is 26.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.83, a number that is poised to hit 0.38 in the next quarter and is forecasted to reach 1.64 in one year’s time.
Technical Analysis of Warner Music Group Corp (WMG)
Looking closely at Warner Music Group Corp (NASDAQ: WMG), its last 5-days average volume was 1.46 million, which is a drop from its year-to-date volume of 1.8 million. As of the previous 9 days, the stock’s Stochastic %D was 59.32%. Additionally, its Average True Range was 0.79.
During the past 100 days, Warner Music Group Corp’s (WMG) raw stochastic average was set at 71.57%, which indicates a significant increase from 52.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.51% in the past 14 days, which was higher than the 25.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $32.09, while its 200-day Moving Average is $31.49. However, in the short run, Warner Music Group Corp’s stock first resistance to watch stands at $32.49. Second resistance stands at $32.81. The third major resistance level sits at $33.18. If the price goes on to break the first support level at $31.80, it is likely to go to the next support level at $31.43. Should the price break the second support level, the third support level stands at $31.11.
Warner Music Group Corp (NASDAQ: WMG) Key Stats
Market capitalization of the company is 16.66 billion based on 517,994K outstanding shares. Right now, sales total 6,426 M and income totals 435,000 K. The company made 1,630 M in profit during its latest quarter, and 41,000 K in sales during its previous quarter.
