Tencent Music Entertainment Group (TME) Expected to Announce Quarterly Earnings on Tuesday

Tencent Music Entertainment Group (NYSE:TME - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results before the market opens on Tuesday, May 13th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $1.00 billion for the quarter.

Tencent Music Entertainment Group Trading Down 0.7 %

Tencent Music Entertainment Group stock opened at $14.21 on Tuesday. Tencent Music Entertainment Group has a 12-month low of $9.41 and a 12-month high of $15.77. The stock has a market capitalization of $24.39 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 0.77 and a beta of 0.46. The firm has a 50 day simple moving average of $13.23 and a 200-day simple moving average of $12.26. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 2.34.

Tencent Music Entertainment Group Increases Dividend

The company also recently declared an annual dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This is a boost from Tencent Music Entertainment Group's previous annual dividend of $0.12. This represents a dividend yield of 0.9%. Tencent Music Entertainment Group's dividend payout ratio (DPR) is 28.81%.

Analyst Ratings Changes

TME has been the subject of several research reports. Mizuho raised their target price on Tencent Music Entertainment Group from $16.00 to $17.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. Nomura Securities raised shares of Tencent Music Entertainment Group to a "strong-buy" rating in a research note on Tuesday, April 8th. Morgan Stanley restated an "overweight" rating on shares of Tencent Music Entertainment Group in a research report on Tuesday, March 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded Tencent Music Entertainment Group from a "hold" rating to a "buy" rating in a research report on Wednesday, March 26th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tencent Music Entertainment Group presently has an average rating of "Moderate Buy" and a consensus target price of $15.00.

About Tencent Music Entertainment Group

Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends.

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