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NASDAQ:WMG

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

$34.44
-0.08 (-0.23%)
(As of 02/28/2024 ET)
Today's Range
$34.11
$34.63
50-Day Range
$34.10
$37.23
52-Week Range
$23.62
$38.05
Volume
1.83 million shs
Average Volume
1.41 million shs
Market Capitalization
$17.84 billion
P/E Ratio
39.14
Dividend Yield
1.97%
Price Target
$36.25

Warner Music Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
5.3% Upside
$36.25 Price Target
Short Interest
Healthy
0.53% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.48mentions of Warner Music Group in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$28.99 M Sold Last Quarter
Proj. Earnings Growth
33.03%
From $1.09 to $1.45 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.

3.03 out of 5 stars

Consumer Discretionary Sector

137th out of 262 stocks

Amusement & Recreation Services Industry

5th 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

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Nora Fatehi Signs Deal With Warner Music
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
25 Most Valuable Entertainment Companies in the World
Warner Music Group (WMG)
Warner Music Group Corp. Announces Quarterly Cash Dividend
Q1 2024 Warner Music Group Corp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 12/1 Dividend
11/20/2023
Dividend Payable
12/01/2023
Last Earnings
2/07/2024
Ex-Dividend for 3/1 Dividend
2/21/2024
Today
2/28/2024
Dividend Payable
3/01/2024
Next Earnings (Estimated)
5/14/2024
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
$36.25
High Stock Price Target
$52.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+5.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
16 Analysts

Profitability

Net Income
$430 million
Pretax Margin
11.15%

Debt

Sales & Book Value

Annual Sales
$6.04 billion
Cash Flow
$1.72 per share
Book Value
$1.19 per share

Miscellaneous

Free Float
138,015,000
Market Cap
$17.84 billion
Optionable
Optionable
Beta
1.51
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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

Should I Buy Warner Music Group Stock? WMG Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Warner Music Group was last updated on Tuesday, February 27, 2024 at 3:17 PM.

Pros

Here are some ways that investors could benefit from investing in Warner Music Group Corp.:

  • Warner Music Group Corp. operates as a music entertainment company with a long-standing history since 1929, providing stability and brand recognition in the industry.
  • Recent developments show that Warner Music Group Corp. has been expanding its presence internationally, tapping into new markets and revenue streams.
  • With a diverse portfolio of artists and music genres, Warner Music Group Corp. has the potential for continuous growth and adaptation to changing consumer preferences.
  • Warner Music Group Corp. has shown strong financial performance indicators such as Return on Equity and Net Income, indicating a solid financial foundation.
  • The current stock price of Warner Music Group Corp. is favorable for investors looking for potential growth opportunities in the music industry.

Cons

Investors should be bearish about investing in Warner Music Group Corp. for these reasons:

  • Despite its strong financial performance, Warner Music Group Corp. faces competition from other major players in the music entertainment industry, which could impact its market share and profitability.
  • Market volatility and changing consumer trends in the music industry could pose risks to Warner Music Group Corp.'s revenue and growth prospects.
  • Warner Music Group Corp. may be susceptible to changes in regulations and licensing agreements, affecting its ability to distribute music content and generate revenue.
  • Investors should consider the Debt-to-Equity ratio of Warner Music Group Corp. to assess its leverage and financial risk management strategies.
  • While Warner Music Group Corp. has a strong presence in the music industry, investors should evaluate the company's ability to innovate and adapt to technological advancements in the digital music landscape.














WMG Stock Analysis - Frequently Asked Questions

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

16 Wall Street equities 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 11 buy ratings for the stock. The consensus among Wall Street equities 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?

16 equities research analysts have issued twelve-month target prices for Warner Music Group's stock. Their WMG share price targets range from $21.00 to $52.00. On average, they expect the company's stock price to reach $36.25 in the next twelve months. This suggests a possible upside of 5.3% 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 2024. Since then, WMG stock has decreased by 3.8% and is now trading at $34.44.
View the best growth stocks for 2024 here
.

Are investors shorting Warner Music Group?

Warner Music Group saw a decline in short interest during the month of February. As of February 15th, there was short interest totaling 2,770,000 shares, a decline of 28.4% from the January 31st total of 3,870,000 shares. Based on an average daily volume of 1,420,000 shares, the days-to-cover ratio is currently 2.0 days.
View Warner Music Group's Short Interest
.

When is Warner Music Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our WMG earnings forecast
.

How were Warner Music Group's earnings last quarter?

Warner Music Group Corp. (NASDAQ:WMG) issued its quarterly earnings data on Wednesday, February, 7th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.43 by $0.13. The business earned $1.75 billion during the quarter, compared to analyst estimates of $1.68 billion. Warner Music Group had a trailing twelve-month return on equity of 128.86% and a net margin of 7.42%.

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

Warner Music Group declared a quarterly dividend on Monday, February 12th. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.17 per share on Friday, March 1st. This represents a $0.68 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, February 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 $0.68 per share and currently has a dividend yield of 1.98%. 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 77.27%. 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 46.90% 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 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.

Who are Warner Music Group's major shareholders?

Warner Music Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (2.26%), Capital World Investors (1.81%), Darlington Partners Capital Management LP (1.06%), FIL Ltd (1.01%), Cooke & Bieler LP (0.90%) and AKO Capital LLP (0.72%). 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 2/28/2024 by MarketBeat.com Staff