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

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Warner Music Group in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WMG shares.
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11 Wall Street analysts have issued 1-year price targets for Warner Music Group's shares. Their WMG share price forecasts range from $26.00 to $43.00. On average, they expect the company's share price to reach $35.73 in the next year. This suggests a possible upside of 46.8% from the stock's current price.
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Warner Music Group's stock was trading at $35.02 at the beginning of 2023. Since then, WMG shares have decreased by 30.5% and is now trading at $24.34.
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Warner Music Group saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 2,440,000 shares, a decline of 23.3% from the April 30th total of 3,180,000 shares. Based on an average daily trading volume, of 1,540,000 shares, the days-to-cover ratio is currently 1.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our WMG earnings forecast.

Warner Music Group Corp. (NASDAQ:WMG) announced its earnings results on Tuesday, May, 9th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.20 by $0.14. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.37 billion. Warner Music Group had a net margin of 7.36% and a trailing twelve-month return on equity of 192.79%. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 earnings per share.

Warner Music Group announced a quarterly dividend on Friday, May 12th. Shareholders of record on Tuesday, May 23rd will be paid a dividend of $0.16 per share on Thursday, June 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Monday, May 22nd.
Read our dividend analysis for WMG.

ETFs with the largest weight of Warner Music Group (NASDAQ:WMG) stock in their portfolio include Invesco Dynamic Media ETF (PBS), Invesco Dynamic Leisure and Entertainment ETF (PEJ), Fount Metaverse ETF (MTVR), Principal Millennial Global Growth ETF (GENY), First Trust Multi-Manager Large Growth ETF (MMLG), VanEck Morningstar SMID Moat ETF (SMOT), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB) and First Trust Mid Cap Growth AlphaDEX Fund (FNY).

Warner Music Group (NASDAQ:WMG) pays an annual dividend of $0.64 per share and currently has a dividend yield of 2.63%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 79.01%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, WMG will have a dividend payout ratio of 55.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WMG.

(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.

Warner Music Group trades on the NASDAQ under the ticker symbol "WMG."

Warner Music Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (3.41%), Sands Capital Management LLC (1.99%), BlackRock Inc. (1.07%), Caledonia Private Investments Pty Ltd (1.06%), Jackson Square Partners LLC (0.78%) and Southeastern Asset Management Inc. TN (0.43%). Insiders that own company stock include Ai Entertainment Holdings Llc, Lincoln E Benet, Max Lousada and Stephen Forbes Cooper.
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Shares of WMG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WMG stock can currently be purchased for approximately $24.34.

Warner Music Group (NASDAQ:WMG) has a market capitalization of $12.56 billion and generates $5.92 billion in revenue each year. The company earns $551 million in net income (profit) each year or $0.81 on an earnings per share basis.

The company employs 6,200 workers across the globe.

Warner Music Group's mailing address is 1633 BROADWAY, NEW YORK NY, 10019. The official website for the company is www.wmg.com. The company can be reached via phone at 212-275-2000, via email at investor.relations@wmg.com, or via fax at 212-757-3985.