Taking the lead: Warner Music Group Corp (WMG)

With 1.13 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.68 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $32.64 whereas the lowest price it dropped to was $31.9714. The 52-week range on WMG shows that it touched its highest point at $38.05 and its lowest point at $23.62 during that stretch. It currently has a 1-year price target of $38.68. With its current market cap of 16.89 billion, WMG has annualized dividend of $0.67 while the current yield stands at 2.05%. WMG paid its most recent dividend on 1708473600, while the ex-dividend date for that was 1716336000. Beta for the stock currently stands at 1.40.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WMG was down-trending over the past week, with a drop of -8.53%, but this was down by -3.12% over a month. Three-month performance dropped to -10.63% while six-month performance rose 0.28%. The stock gained 23.80% in the past year, while it has lost -8.89% so far this year. A look at the trailing 12-month EPS for WMG yields 1.01 with Next year EPS estimates of 1.46. For the next quarter, that number is 0.28. This implies an EPS growth rate of 44.04% for this year and 23.42% for next year. EPS is expected to grow by 10.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.43%.

Float and Shares Shorts:

At present, 138.34 million WMG shares are outstanding with a float of 133.92 million shares on hand for trading. On 2024-04-30, short shares totaled 4.18 million, which was 81.0 higher than short shares on 1711584000. In addition to Mr. Robert Kyncl as the firm’s President, CEO & Director, Mr. Max Lousada serves as its Chief Executive Officer of Warner Recorded Music.

Institutional Ownership:

Through their ownership of 0.96449995 of WMG’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, WMG reported revenue of $1494000000.0 and operating income of $200000000.0. The EBITDA in the recently reported quarter was $320000000.0 and diluted EPS was $0.18.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WMG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.