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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Elon Bets Big On Controversial Energy Tech: "This Is Bigger Than AI" (Ad)
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Elon Bets Big On Controversial Energy Tech: "This Is Bigger Than AI" (Ad)
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Elon Bets Big On Controversial Energy Tech: "This Is Bigger Than AI" (Ad)
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
NASDAQ:WMG

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

$31.40
+0.17 (+0.54%)
(As of 09/29/2023 ET)
Compare
Today's Range
$31.19
$31.73
50-Day Range
$29.73
$33.65
52-Week Range
$21.57
$38.76
Volume
974,170 shs
Average Volume
1.29 million shs
Market Capitalization
$16.20 billion
P/E Ratio
39.25
Dividend Yield
2.17%
Price Target
$35.53

Warner Music Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
13.2% Upside
$35.53 Price Target
Short Interest
Healthy
1.09% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.14mentions of Warner Music Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
38.20%
From $0.89 to $1.23 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.61 out of 5 stars

Consumer Discretionary Sector

60th out of 273 stocks

Amusement & Recreation Services Industry

4th out of 10 stocks


WMG stock logo

About Warner Music Group (NASDAQ:WMG) Stock

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 100,000 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 Price History

WMG Stock News Headlines

[BREAKING] Pentagon to Spend Billions on "Living Missile"
Air Force Magazine calls it "transformational." The Wall Street Journal calls it one of the Pentagon's "highest priorities." National Defense Magazine reports "Eye-popping budget" for it. This small company won the first contract to build them!
Warner Music Group (NASDAQ:WMG) PT Lowered to $35.00
Warner Music Group (NASDAQ:WMG) Stock Rating Reaffirmed by Citigroup
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Citi Reaffirms Their Hold Rating on Warner Music Group (WMG)
See More Headlines
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WMG Company Calendar

Last Earnings
8/08/2023
Ex-Dividend for 9/1 Dividend
8/23/2023
Dividend Payable
9/01/2023
Today
10/01/2023
Next Earnings (Estimated)
11/28/2023
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Amusement & recreation services
Sub-Industry
N/A
Current Symbol
NASDAQ:WMG
Employees
6,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$35.53
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+13.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
15 Analysts

Profitability

Net Income
$551 million
Pretax Margin
9.82%

Debt

Sales & Book Value

Annual Sales
$5.95 billion
Cash Flow
$1.74 per share
Book Value
$0.33 per share

Miscellaneous

Free Float
127,915,000
Market Cap
$16.20 billion
Optionable
Optionable
Beta
1.59
12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

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Key Executives

  • Mr. Eric Joshua Levin (Age 60)
    Exec. VP & CFO
    Comp: $2.12M
  • Mr. Stephen Forbes CooperMr. Stephen Forbes Cooper (Age 77)
    Consultant
    Comp: $3.29M
  • Mr. Max LousadaMr. Max Lousada (Age 50)
    Chief Exec. Officer of Warner Recorded Music
    Comp: $16M
  • Mr. Guy Moot (Age 57)
    Co-Chair & CEO of Warner Chappell Music
    Comp: $4.32M
  • Ms. Carianne Marshall (Age 45)
    Co-Chair & COO of Warner Chappell Music
    Comp: $3.8M
  • Mr. Louis Dickler (Age 45)
    Sr. VP & Corp. Controller
    Comp: $1.06M
  • Mr. Robert Kyncl (Age 52)
    CEO & Director
  • Mr. Tim Matusch
    Exec. VP of Strategy & Operations
  • Mr. Ariel Bardin
    Pres of Technology
  • Mr. Kareem Chin
    Sr. VP & Head of Investor Relations













WMG Stock - Frequently Asked Questions

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

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Warner Music Group in the last twelve months. There are currently 5 hold ratings and 10 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 forecast for 2023?

15 Wall Street research analysts have issued 1 year price targets for Warner Music Group's stock. Their WMG share price forecasts range from $26.00 to $40.00. On average, they predict the company's share price to reach $35.53 in the next year. This suggests a possible upside of 13.2% 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 2023?

Warner Music Group's stock was trading at $35.02 at the start of the year. Since then, WMG stock has decreased by 10.3% and is now trading at $31.40.
View the best growth stocks for 2023 here
.

When is Warner Music Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
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 Tuesday, August, 8th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.07. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.48 billion. Warner Music Group had a net margin of 7.16% and a trailing twelve-month return on equity of 177.34%.

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 Monday, August 14th. Stockholders of record on Thursday, August 24th will be given a dividend of $0.17 per share on Friday, September 1st. This represents a $0.68 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Wednesday, August 23rd. This is a positive change from the stock's previous quarterly dividend of $0.16.
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 2.17%. 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 85.00%. 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 55.28% 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?

(WMG) raised $1.7 billion in an initial public offering (IPO) 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.

What is Warner Music Group's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Warner Music Group's stock price today?

One share of WMG stock can currently be purchased for approximately $31.40.

How much money does Warner Music Group make?

Warner Music Group (NASDAQ:WMG) has a market capitalization of $16.20 billion and generates $5.95 billion in revenue each year. The company earns $551 million in net income (profit) each year or $0.80 on an earnings per share basis.

How many employees does Warner Music Group have?

The company employs 6,200 workers across the globe.

How can I contact Warner Music Group?

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.

This page (NASDAQ:WMG) was last updated on 10/1/2023 by MarketBeat.com Staff

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