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 announcing its Q1 2025 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 0.9 %

NYSE:TME traded down $0.13 on Friday, reaching $14.08. The stock had a trading volume of 5,841,019 shares, compared to its average volume of 8,225,706. Tencent Music Entertainment Group has a 12-month low of $9.41 and a 12-month high of $15.77. The company has a market cap of $24.16 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 0.77 and a beta of 0.46. The firm's fifty day moving average is $13.38 and its two-hundred day moving average is $12.32. 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 firm also recently declared an annual dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd were paid a dividend of $0.18 per share. This represents a dividend yield of 0.9%. The ex-dividend date was Thursday, April 3rd. This is a positive change from Tencent Music Entertainment Group's previous annual dividend of $0.12. Tencent Music Entertainment Group's dividend payout ratio is currently 28.81%.

Wall Street Analyst Weigh In

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

Tencent Music Entertainment Group Company Profile

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.