S&P 500   5,020.26 (-0.04%)
DOW   37,842.79 (+0.24%)
QQQ   423.84 (-0.47%)
AAPL   167.09 (-0.54%)
MSFT   404.86 (-1.69%)
META   502.20 (+1.62%)
GOOGL   156.29 (+0.53%)
AMZN   179.43 (-1.02%)
TSLA   150.55 (-3.15%)
NVDA   847.87 (+0.89%)
AMD   154.93 (+0.59%)
NIO   4.02 (+2.81%)
BABA   68.92 (+0.15%)
T   16.28 (+0.99%)
F   12.02 (-0.17%)
MU   112.43 (-3.35%)
GE   153.80 (-1.20%)
CGC   7.92 (+22.03%)
DIS   112.82 (-0.11%)
AMC   2.96 (-0.67%)
PFE   25.38 (-0.16%)
PYPL   62.22 (-1.64%)
XOM   118.40 (-0.19%)
S&P 500   5,020.26 (-0.04%)
DOW   37,842.79 (+0.24%)
QQQ   423.84 (-0.47%)
AAPL   167.09 (-0.54%)
MSFT   404.86 (-1.69%)
META   502.20 (+1.62%)
GOOGL   156.29 (+0.53%)
AMZN   179.43 (-1.02%)
TSLA   150.55 (-3.15%)
NVDA   847.87 (+0.89%)
AMD   154.93 (+0.59%)
NIO   4.02 (+2.81%)
BABA   68.92 (+0.15%)
T   16.28 (+0.99%)
F   12.02 (-0.17%)
MU   112.43 (-3.35%)
GE   153.80 (-1.20%)
CGC   7.92 (+22.03%)
DIS   112.82 (-0.11%)
AMC   2.96 (-0.67%)
PFE   25.38 (-0.16%)
PYPL   62.22 (-1.64%)
XOM   118.40 (-0.19%)
S&P 500   5,020.26 (-0.04%)
DOW   37,842.79 (+0.24%)
QQQ   423.84 (-0.47%)
AAPL   167.09 (-0.54%)
MSFT   404.86 (-1.69%)
META   502.20 (+1.62%)
GOOGL   156.29 (+0.53%)
AMZN   179.43 (-1.02%)
TSLA   150.55 (-3.15%)
NVDA   847.87 (+0.89%)
AMD   154.93 (+0.59%)
NIO   4.02 (+2.81%)
BABA   68.92 (+0.15%)
T   16.28 (+0.99%)
F   12.02 (-0.17%)
MU   112.43 (-3.35%)
GE   153.80 (-1.20%)
CGC   7.92 (+22.03%)
DIS   112.82 (-0.11%)
AMC   2.96 (-0.67%)
PFE   25.38 (-0.16%)
PYPL   62.22 (-1.64%)
XOM   118.40 (-0.19%)
S&P 500   5,020.26 (-0.04%)
DOW   37,842.79 (+0.24%)
QQQ   423.84 (-0.47%)
AAPL   167.09 (-0.54%)
MSFT   404.86 (-1.69%)
META   502.20 (+1.62%)
GOOGL   156.29 (+0.53%)
AMZN   179.43 (-1.02%)
TSLA   150.55 (-3.15%)
NVDA   847.87 (+0.89%)
AMD   154.93 (+0.59%)
NIO   4.02 (+2.81%)
BABA   68.92 (+0.15%)
T   16.28 (+0.99%)
F   12.02 (-0.17%)
MU   112.43 (-3.35%)
GE   153.80 (-1.20%)
CGC   7.92 (+22.03%)
DIS   112.82 (-0.11%)
AMC   2.96 (-0.67%)
PFE   25.38 (-0.16%)
PYPL   62.22 (-1.64%)
XOM   118.40 (-0.19%)
NASDAQ:WMG

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

$33.09
-0.21 (-0.63%)
(As of 03:40 PM ET)
Today's Range
$32.94
$33.75
50-Day Range
$32.11
$36.49
52-Week Range
$23.62
$38.05
Volume
1.18 million shs
Average Volume
1.46 million shs
Market Capitalization
$17.14 billion
P/E Ratio
37.60
Dividend Yield
2.06%
Price Target
$36.81

Warner Music Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
10.5% Upside
$36.88 Price Target
Short Interest
Healthy
0.74% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.35mentions of Warner Music Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
41.41%
From $0.99 to $1.40 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.

3.20 out of 5 stars

Consumer Discretionary Sector

179th out of 257 stocks

Amusement & Recreation Services Industry

8th out of 12 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 Group Corp.
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Warner Music Group Corp - Ordinary Shares - Class A
WMG Apr 2024 33.000 call
WMG Apr 2024 42.000 call
See More Headlines
Receive WMG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Warner Music Group and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/07/2024
Ex-Dividend for 3/1 Dividend
2/21/2024
Dividend Payable
3/01/2024
Today
4/18/2024
Next Earnings (Confirmed)
5/09/2024
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
$36.81
High Stock Price Target
$52.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+11.0%
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
$1.69 per share
Book Value
$0.83 per share

Miscellaneous

Free Float
138,015,000
Market Cap
$17.17 billion
Optionable
Optionable
Beta
1.46
10 Best Cheap Stocks to Buy Now Cover

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.

Get This Free Report

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

Pros

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

  • Warner Music Group Corp. has a strong market presence with a diverse catalog of approximately one million musical compositions across various genres, providing a stable revenue stream.
  • The company's Recorded Music segment, which includes well-known record labels like Warner Records and Atlantic Records, engages in the discovery and development of recording artists, enhancing the potential for successful music releases.
  • Recent stock performance shows resilience with a 52-week high of $38.05, indicating positive investor sentiment and potential for capital appreciation.
  • Warner Music Group Corp. operates internationally, allowing for global market exposure and potential growth opportunities in different regions.
  • The company's Music Publishing segment administers music and soundtracks for third-party television and film producers, diversifying revenue sources and reducing dependency on a single market segment.

Cons

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

  • Warner Music Group Corp. has a relatively high debt-to-equity ratio of 6.50, which may pose financial risks and limit flexibility in pursuing growth strategies.
  • The company's quick ratio of 0.67 and current ratio of 0.70 suggest potential liquidity challenges, impacting the ability to meet short-term financial obligations.
  • With a price-to-earnings ratio of 37.59 and a P/E/G ratio of 2.07, the stock may be considered overvalued compared to industry peers, potentially limiting upside potential for investors.
  • Warner Music Group Corp. operates in the amusement & recreation services industry, which can be sensitive to economic downturns and consumer discretionary spending, leading to volatility in financial performance.
  • Despite institutional investor interest, the stock's beta of 1.46 indicates higher volatility compared to the market average, potentially exposing investors to increased risk.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Warner Music Group pros and cons to contact@marketbeat.com.

WMG Stock Analysis - Frequently Asked Questions

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

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Warner Music Group in the last year. There are currently 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 12-month price objectives for Warner Music Group's shares. Their WMG share price targets range from $21.00 to $52.00. On average, they predict the company's share price to reach $36.88 in the next twelve months. This suggests a possible upside of 10.5% 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 6.7% and is now trading at $33.38.
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 Thursday, May 9th 2024.
View our WMG earnings forecast
.

How can I listen to Warner Music Group's earnings call?

Warner Music Group will be holding an earnings conference call on Thursday, May 9th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Warner Music Group's earnings last quarter?

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

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, February 12th. Stockholders of record on Thursday, February 22nd will be given a dividend of $0.17 per share on Friday, March 1st. This represents a $0.68 annualized dividend and a dividend yield of 2.04%. 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 2.02%. 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 48.57% 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 many different institutional and retail investors. Top institutional investors include MJP Associates Inc. ADV (0.00%) and Mather Group LLC. (0.00%). 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 4/18/2024 by MarketBeat.com Staff

From Our Partners