Is Warner Music Group Corp (NASDAQ: WMG) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that AYUSHMANN KHURRANA SIGNS GLOBAL DEAL WITH WARNER MUSIC INDIA.

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Stocks Info

WMG belongs to the Communication Services sector of the NASDAQ while operating in the Entertainment industry. The current market capitalization of Warner Music Group Corp is $16.94B. A total of 0.75 million shares were traded on the day, compared to an average of 1.32M shares.

In the most recent transaction, Benet Lincoln E sold 71,981 shares of WMG for 36.12 per share on Feb 15 ’24. After the transaction, the Director now owns 277,360 company shares. In a previous transaction on Dec 05 ’23, Lousada Max sold 869,008 shares at 33.36 per share. WMG shares that CEO, Recorded Music owns now total 1,883,578.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Warner Music Group Corp pays an annual dividend of $0.67, resulting in a dividend yield of 2.05%, and it has a price to earnings (P/E) ratio of 36.70. WMG’s most recent ex-dividend date was 2/21/2024 when it declared a $0.17 quarterly dividend that was paid in cash on 3/1/2024. Previously, the company paid the dividend on 12/1/2023 with an ex-dividend date of 11/20/2023. The WMG stock dividend was $0.17 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, WMG has a high of $38.05 and a low of $23.62.

As of this writing, WMG has an earnings estimate of $0.25 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.3 per share and a lower estimate of $0.19. The company reported an EPS of $0.34 in the last quarter, which was 36.00% higher than expectations of $0.25.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. WMG’s latest balance sheet shows that the firm has $499.00M in Cash & Short Term Investments as of fiscal 2021. There were $3.68B in debt and $3.15B in liabilities at the time. Its Book Value Per Share was $0.89, while its Total Shareholder’s Equity was $46.00M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WMG is Buy with a score of 4.18.

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