In last trading session, Warner Music Group Corp. (NASDAQ:WMG) saw 0.87 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $40.27 trading at -$0.9 or -2.19% at ring of the bell on the day assigns it a market valuation of $20.70B. That closing price of WMG’s stock is at a discount of -24.73% from its 52-week high price of $50.23 and is indicating a premium of 21.78% from its 52-week low price of $31.50. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.71 million shares which gives us an average trading volume of 1.03 million if we extend that period to 3-months.
For Warner Music Group Corp. (WMG), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.30. Splitting up the data highlights that, out of 17 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 9 see the stock as a Buy. 2 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.29 in the current quarter.
Warner Music Group Corp. (NASDAQ:WMG) trade information
Upright in the red during last session for losing -2.19%, in the last five days WMG remained trading in the green while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $40.27 price level, adding 3.2% to its value on the day. Warner Music Group Corp.’s shares saw a change of -6.74% in year-to-date performance and have moved 0.88% in past 5-day. Warner Music Group Corp. (NASDAQ:WMG) showed a performance of -4.12% in past 30-days. Number of shares sold short was 3.67 million shares which calculate 3.82 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $47.27 to the stock, which implies a rise of 14.81% to its current value. Analysts have been projecting $34.00 as a low price target for the stock while placing it at a high target of $53.00. It follows that stock’s current price would drop -31.61% in reaching the projected high whereas dropping to the targeted low would mean a gain of 15.57% for stock’s current value.
Warner Music Group Corp. (WMG) estimates and forecasts
Statistics highlight that Warner Music Group Corp. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 14.08% of value to its shares in past 6 months, showing an annual growth rate of 29.49% while that of industry is 18.40. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 52.60% in the current quarter and calculating 18.20% increase in the next quarter. This year revenue growth is estimated to rise 11.10% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.49 billion for the same. And 10 analysts are in estimates of company making revenue of $1.4 billion in the next quarter that will end on Mar 2022.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 64.20% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 162.70% while estimates for its earnings growth in next 5 years are of 35.42%.
Warner Music Group Corp. is more likely to be releasing its next quarterly report between January 31 and February 04 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Warner Music Group Corp. (NASDAQ:WMG)’s Major holders
Insiders are in possession of 17.71% of company’s total shares while institution are holding 78.26 percent of that, with stock having share float percentage of 95.10%. Investors also watch the number of corporate investors in a company very closely, which is 78.26% institutions for Warner Music Group Corp. that are currently holding shares of the company. Sands Capital Management, LLC is the top institutional holder at WMG for having 13.47 million shares of worth $575.87 million. And as of Sep 29, 2021, it was holding 10.95% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 8.15 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 6.62% of outstanding shares, having a total worth of $348.13 million.
On the other hand, Touchstone Funds Group Tr-Touchstone Sands Capital Select Growth Fd and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 3.28 million shares of worth $140.21 million or 2.67% of the total outstanding shares. The later fund manager was in possession of 2.65 million shares on Sep 29, 2021, making its stake of worth around $113.28 million in the company or a holder of 2.15% of company’s stock.