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NASDAQ:WMG

Warner Music Group - WMG Stock Forecast, Price & News

$33.22
+0.22 (+0.67%)
(As of 12/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$32.84
$33.67
50-Day Range
$22.35
$34.34
52-Week Range
$21.57
$44.64
Volume
2.22 million shs
Average Volume
1.38 million shs
Market Capitalization
$17.10 billion
P/E Ratio
31.34
Dividend Yield
1.94%
Price Target
$37.00

Warner Music Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
11.4% Upside
$37.00 Price Target
Short Interest
Healthy
4.04% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.26mentions of Warner Music Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$1.16 M Sold Last Quarter
Proj. Earnings Growth
22.22%
From $1.08 to $1.32 Per Share

Overall MarketRank

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

3.11 out of 5 stars

Consumer Discretionary Sector

9th out of 268 stocks

Amusement & Recreation Services Industry

1st out of 11 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. The company 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.

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WMG Stock News Headlines

Warner Music Group (NASDAQ:WMG) Price Target Raised to $38.00
Warner Music Group's Earnings Outlook
5 Analysts Have This to Say About Warner Music Group
See More Headlines
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WMG Company Calendar

Last Earnings
11/15/2021
Ex-Dividend for 12/1 Dividend
11/21/2022
Dividend Payable
12/01/2022
Today
12/08/2022
Next Earnings (Estimated)
2/06/2023
Fiscal Year End
9/30/2023

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
$37.00
High Stock Price Forecast
$52.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+11.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
13 Analysts

Profitability

Net Income
$551 million
Pretax Margin
12.50%

Debt

Sales & Book Value

Annual Sales
$5.92 billion
Cash Flow
$1.73 per share
Book Value
$0.33 per share

Miscellaneous

Free Float
120,630,000
Market Cap
$17.10 billion
Optionable
Optionable
Beta
1.68

Key Executives

  • Mr. Stephen Forbes CooperMr. Stephen Forbes Cooper (Age 76)
    CEO & Director
    Comp: $4.12M
  • Mr. Eric Joshua Levin (Age 59)
    Exec. VP & CFO
    Comp: $2.24M
  • Mr. Max  LousadaMr. Max Lousada (Age 49)
    Chief Exec. Officer of Warner Recorded Music
    Comp: $10.23M
  • Mr. Guy Moot (Age 56)
    Co-Chair & CEO of Warner Chappell Music
    Comp: $3.73M
  • Ms. Carianne Marshall (Age 44)
    Co-Chair & COO of Warner Chappell Music
    Comp: $3.21M
  • Mr. Kareem Chin
    Sr. VP & Head of Investor Relations
  • Mr. Paul Martin Robinson Esq. (Age 64)
    J.D., Exec. VP, Gen. Counsel & Sec.
  • Trent N. Tappe Esq.
    Sr. VP, Deputy Gen. Counsel & Chief Compliance Officer
  • Mr. James Steven (Age 45)
    Exec. VP & Chief Communications Officer
  • Mr. Michael Drexler
    VP of Digital Strategy & Corp. Devel.













WMG Stock - Frequently Asked Questions

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Warner Music Group in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WMG shares.
View WMG analyst ratings
or view top-rated stocks.

What is Warner Music Group's stock price forecast for 2023?

13 Wall Street research analysts have issued 12-month price objectives for Warner Music Group's shares. Their WMG share price forecasts range from $27.00 to $52.00. On average, they anticipate the company's stock price to reach $37.00 in the next year. This suggests a possible upside of 11.4% 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 2022?

Warner Music Group's stock was trading at $43.18 on January 1st, 2022. Since then, WMG shares have decreased by 23.1% and is now trading at $33.22.
View the best growth stocks for 2022 here
.

When is Warner Music Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
View our WMG earnings forecast
.

How were Warner Music Group's earnings last quarter?

Warner Music Group Corp. (NASDAQ:WMG) announced its quarterly earnings data on Monday, November, 15th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.10. The business earned $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. Warner Music Group had a trailing twelve-month return on equity of 342.19% and a net margin of 9.31%. The company's revenue was up 22.2% compared to the same quarter last year. During the same period last year, the firm posted $0.02 earnings per share.

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 Thursday, November 10th. Investors of record on Tuesday, November 22nd will be paid a dividend of $0.16 per share on Thursday, December 1st. This represents a $0.64 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Monday, November 21st.
Read our dividend analysis for WMG
.

Is Warner Music Group a good dividend stock?

Warner Music Group (NASDAQ:WMG) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.94%. 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 60.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WMG will have a dividend payout ratio of 48.48% 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 $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."

Who are Warner Music Group's major shareholders?

Warner Music Group's stock is owned by many different retail and institutional investors. Top institutional investors include Sands Capital Management LLC (2.17%), Vanguard Group Inc. (2.00%), Darlington Partners Capital Management LP (1.29%), BlackRock Inc. (0.95%), Massachusetts Financial Services Co. MA (0.54%) and Allspring Global Investments Holdings LLC (0.39%). Insiders that own company stock include Ai Entertainment Holdings Llc, Lincoln E Benet, Max Lousada and Stephen Forbes Cooper.
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 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 $33.22.

How much money does Warner Music Group make?

Warner Music Group (NASDAQ:WMG) has a market capitalization of $17.10 billion and generates $5.92 billion in revenue each year. The company earns $551 million in net income (profit) each year or $1.06 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 12/8/2022 by MarketBeat.com Staff