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NASDAQ:WMG

Warner Music Group (WMG) Stock Price, News & Analysis

$31.69
-0.71 (-2.19%)
(As of 05/21/2024 ET)
Today's Range
$31.66
$32.45
50-Day Range
$31.55
$35.65
52-Week Range
$23.62
$38.05
Volume
1.64 million shs
Average Volume
1.58 million shs
Market Capitalization
$16.41 billion
P/E Ratio
31.69
Dividend Yield
2.15%
Price Target
$37.18

Warner Music Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
17.3% Upside
$37.18 Price Target
Short Interest
Healthy
0.81% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.59mentions of Warner Music Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
39.39%
From $0.99 to $1.38 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.84 out of 5 stars

Consumer Discretionary Sector

86th out of 263 stocks

Amusement & Recreation Services Industry

3rd out of 13 stocks

WMG stock logo

About Warner Music Group Stock (NASDAQ:WMG)

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville. This segment markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as retail outlets, online physical retailers, streaming services, and download services. The Music Publishing segment owns and acquires rights to approximately one million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions. Its catalog includes approximately 150,000 songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, alternative, and gospel. This segment also administers the music and soundtracks of various third-party television and film producers and studios. The company was founded in 1929 and is headquartered in New York, New York.

WMG Stock Price History

WMG Stock News Headlines

Warner Music declares $0.17 dividend
Warner Music slides despite rising sales and profits
See More Headlines
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Company Calendar

Ex-Dividend for 3/1 Dividend
2/21/2024
Dividend Payable
3/01/2024
Last Earnings
5/09/2024
Today
5/21/2024
Ex-Dividend for 6/3 Dividend
5/22/2024
Dividend Payable
6/03/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Amusement & recreation services
Sub-Industry
N/A
Current Symbol
NASDAQ:WMG
Employees
5,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$37.18
High Stock Price Target
$52.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+16.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
17 Analysts

Profitability

Net Income
$430 million
Pretax Margin
11.86%

Debt

Sales & Book Value

Annual Sales
$6.04 billion
Cash Flow
$1.70 per share
Book Value
$0.83 per share

Miscellaneous

Free Float
138,015,000
Market Cap
$16.49 billion
Optionable
Optionable
Beta
1.43
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Key Executives

  • Mr. Robert Kyncl (Age 53)
    President, CEO & Director
    Comp: $5.08M
  • Mr. Max  LousadaMr. Max Lousada (Age 51)
    Chief Executive Officer of Warner Recorded Music
    Comp: $12.69M
  • Mr. Guy Moot (Age 58)
    Co-Chair & CEO of Warner Chappell Music
    Comp: $4.12M
  • Ms. Carianne Marshall (Age 46)
    Co-Chair & COO of Warner Chappell Music
    Comp: $3.61M
  • Mr. Bryan Castellani
    Executive VP & CFO
  • Mr. Timothy Matusch
    Executive Vice President of Strategy & Operations
  • Mr. Ariel Bardin
    President of Technology
  • Mr. Kareem Chin
    Senior VP & Head of Investor Relations
  • Mr. Paul Martin Robinson Esq. (Age 66)
    J.D., Executive VP & General Counsel
    Comp: $5.25M
  • Trent N. Tappe Esq.
    Senior VP, Deputy General Counsel, Chief Compliance Officer & Secretary

WMG Stock Analysis - Frequently Asked Questions

Should I buy or sell Warner Music Group stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Warner Music Group in the last twelve months. There are currently 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WMG shares.
View WMG analyst ratings
or view top-rated stocks.

What is Warner Music Group's stock price target for 2024?

17 equities research analysts have issued twelve-month price targets for Warner Music Group's shares. Their WMG share price targets range from $21.00 to $52.00. On average, they expect the company's stock price to reach $37.18 in the next year. This suggests a possible upside of 17.3% from the stock's current price.
View analysts price targets for WMG
or view top-rated stocks among Wall Street analysts.

How have WMG shares performed in 2024?

Warner Music Group's stock was trading at $35.79 at the beginning of the year. Since then, WMG shares have decreased by 11.5% and is now trading at $31.69.
View the best growth stocks for 2024 here
.

When is Warner Music Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our WMG earnings forecast
.

How were Warner Music Group's earnings last quarter?

Warner Music Group Corp. (NASDAQ:WMG) posted its quarterly earnings results on Thursday, May, 9th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.07. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.48 billion. Warner Music Group had a net margin of 8.28% and a trailing twelve-month return on equity of 120.42%. The company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 EPS.

How often does Warner Music Group pay dividends? What is the dividend yield for Warner Music Group?

Warner Music Group announced a quarterly dividend on Tuesday, May 21st. Shareholders of record on Thursday, May 23rd will be paid a dividend of $0.17 per share on Monday, June 3rd. This represents a $0.68 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, May 22nd.
Read our dividend analysis for WMG
.

Is Warner Music Group a good dividend stock?

Warner Music Group (NASDAQ:WMG) pays an annual dividend of $0.68 per share and currently has a dividend yield of 2.12%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 68.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WMG will have a dividend payout ratio of 49.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WMG.

When did Warner Music Group IPO?

Warner Music Group (WMG) raised $1.7 billion in an initial public offering on Wednesday, June 3rd 2020. The company issued 70,000,000 shares at a price of $23.00-$26.00 per share. Morgan Stanley, Credit Suisse, Goldman Sachs, BofA Securities, Citigroup and J.P. Morgan acted as the underwriters for the IPO and Barclays, Evercore ISI, Guggenheim Securities, Macquarie Capital, Nomura, RBC Capital Markets, SunTrust Robinson Humphrey, CIBC Capital Markets, HSBC, SOCIETE GENERALE, LionTree, The Raine Group, AmeriVet Securities, Bancroft Capital, Blaylock Van, C.L. King & Associates, Loop Capital Markets, Roberts & Ryan, Ramirez & Co.,, Siebert Williams Shank, Telsey Advisory Group and Tigress Financial Partners were co-managers.

Who are Warner Music Group's major shareholders?

Warner Music Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Capital World Investors (2.55%), Vanguard Group Inc. (2.29%), Capital International Investors (0.58%), Fairview Capital Investment Management LLC (0.34%), Jackson Square Partners LLC (0.32%) and Assenagon Asset Management S.A. (0.20%). Insiders that own company stock include Ai Entertainment Holdings Llc, Lincoln E Benet and Max Lousada.
View institutional ownership trends
.

How do I buy shares of Warner Music Group?

Shares of WMG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:WMG) was last updated on 5/21/2024 by MarketBeat.com Staff

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