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

15 Wall Street 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 analysts is that investors should "moderate buy" WMG shares.
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15 brokerages have issued 12 month price objectives for Warner Music Group's shares. 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 15.8% from the stock's current price.
View analysts price targets for WMG or view top-rated stocks among Wall Street analysts.

Warner Music Group's stock was trading at $35.02 at the start of the year. Since then, WMG shares have decreased by 12.4% and is now trading at $30.69.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
View our WMG earnings forecast.

Warner Music Group Corp. (NASDAQ:WMG) released 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 firm earned $1.56 billion during the quarter, compared to the consensus estimate of $1.48 billion. Warner Music Group had a trailing twelve-month return on equity of 177.34% and a net margin of 7.16%.

Warner Music Group announced a quarterly dividend on Monday, August 14th. Investors 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 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date 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.

ETFs with the largest weight of Warner Music Group (NASDAQ:WMG) stock in their portfolio include Invesco Next Gen Media and Gaming ETF (PBS), Invesco Leisure and Entertainment ETF (PEJ), MUSQ Global Music Industry ETF (MUSQ), Clouty Tune ETF (TUNE), Principal Millennial Global Growth ETF (GENY), VanEck Morningstar SMID Moat ETF (SMOT), FlexShares Quality Dividend Dynamic Index Fund (QDYN) and Vanguard Communication Services ETF (VOX).

Warner Music Group (NASDAQ:WMG) pays an annual dividend of $0.68 per share and currently has a dividend yield of 2.22%. 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.

(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.

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

Warner Music Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Darlington Partners Capital Management LP (1.17%), Capital World Investors (1.06%), BlackRock Inc. (0.96%), Cooke & Bieler LP (0.93%), Jackson Square Partners LLC (0.71%) and Capital International Investors (0.58%). 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 $30.69.

Warner Music Group (NASDAQ:WMG) has a market capitalization of $15.84 billion and generates $5.92 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.

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.