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: 0.14
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

3.3

Analyst's Opinion

Consensus Rating
Warner Music Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 10 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $35.53, Warner Music Group has a forecasted upside of 13.2% from its current price of $31.40.
Amount of Analyst Coverage
Warner Music Group has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
1.09% of the outstanding shares of Warner Music Group have been sold short.
Short Interest Ratio / Days to Cover
Warner Music Group has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Warner Music Group has recently decreased by 3.60%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
Warner Music Group pays a meaningful dividend of 2.17%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Warner Music Group has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Warner Music Group is 85.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Warner Music Group will have a dividend payout ratio of 55.28% next year. This indicates that Warner Music Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WMG.

1.2

News and Social Media Coverage

News Sentiment
Warner Music Group has a news sentiment score of 0.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Warner Music Group this week, compared to 5 articles on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Warner Music Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
75.21% of the stock of Warner Music Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 23.23% of the stock of Warner Music Group is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Warner Music Group are expected to grow by 38.20% in the coming year, from $0.89 to $1.23 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Warner Music Group is 39.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Warner Music Group is 39.25, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.14.
Price to Earnings Growth Ratio
Warner Music Group has a PEG Ratio of 3.42. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Warner Music Group has a P/B Ratio of 95.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

WMG Stock News Headlines

September 28, 2023 | msn.com

Warner Music CEO: Music moves 'first in most transformations,' and AI is no exception

September 28, 2023 | finance.yahoo.com

Warner Music CEO: Music moves ‘first in most transformations,’ and AI is no exception

October 1, 2023 | Behind the Markets (Ad)

[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!

September 25, 2023 | americanbankingnews.com

Warner Music Group (NASDAQ:WMG) PT Lowered to $35.00 at Jefferies Financial Group

September 24, 2023 | msn.com

Music Industry Moves: Yandel Inks Deal With Warner Music Latina

September 24, 2023 | americanbankingnews.com

Warner Music Group (NASDAQ:WMG) PT Lowered to $35.00

September 24, 2023 | americanbankingnews.com

Warner Music Group (NASDAQ:WMG) Stock Rating Reaffirmed by Citigroup

September 23, 2023 | nasdaq.com

Jefferies Maintains Warner Music Group Corp - (WMG) Buy Recommendation

October 1, 2023 | Behind the Markets (Ad)

[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!

September 23, 2023 | msn.com

Truist Securities Reiterates Warner Music Group Corp - (WMG) Buy Recommendation

September 23, 2023 | nasdaq.com

Citigroup Reiterates Warner Music Group Corp - (WMG) Neutral Recommendation

September 23, 2023 | americanbankingnews.com

Warner Music Group (NASDAQ:WMG) Stock Rating Reaffirmed by JPMorgan Chase & Co.

September 23, 2023 | americanbankingnews.com

Barclays Reiterates Equal Weight Rating for Warner Music Group (NASDAQ:WMG)

September 23, 2023 | americanbankingnews.com

Truist Financial Reiterates Buy Rating for Warner Music Group (NASDAQ:WMG)

September 23, 2023 | americanbankingnews.com

Head to Head Comparison: Warner Music Group (NASDAQ:WMG) & Atlanta Braves (NASDAQ:BATRA)

September 22, 2023 | nasdaq.com

Barclays Reiterates Warner Music Group Corp - (WMG) Equal-Weight Recommendation

September 22, 2023 | markets.businessinsider.com

Citi Reaffirms Their Hold Rating on Warner Music Group (WMG)

September 21, 2023 | markets.businessinsider.com

Warner Music Group Faces Distribution Shift - Analysts Are Bullish On Long-Term Growth Prospects

September 21, 2023 | finance.yahoo.com

'Let's Get It On' songwriter's estate drops Ed Sheeran copyright verdict appeal

September 21, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Walt Disney (DIS) and Warner Music Group (WMG)

September 20, 2023 | finance.yahoo.com

Unveiling Warner Music Group (WMG)'s Value: Is It Really Priced Right? A Comprehensive Guide

September 19, 2023 | msn.com

Music Industry Moves: Warner Music Group Taps Disney Exec Bryan Castellani as Chief Financial Officer

September 19, 2023 | msn.com

Warner Music Nabs Longtime Disney Exec Bryan Castellani as New CFO

September 19, 2023 | yahoo.com

Disney Veteran Bryan Castellani Named CFO at Warner Music Group

September 7, 2023 | finance.yahoo.com

Returns On Capital Are Showing Encouraging Signs At Warner Music Group (NASDAQ:WMG)

September 6, 2023 | msn.com

Warner Music CEO Says Services Need to Be “Taking a Page Out of Netflix’s Playbook”

September 6, 2023 | msn.com

Warner Music Expands Portfolio with Majority Stake in 10K Projects, Bolstering Next-Gen Talent

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.

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Amusement & recreation services
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NASDAQ:WMG
CUSIP: N/A
CIK: 1319161
Web: www.wmg.com
Phone: 212-275-2000
Fax: 212-757-3985
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

EPS (Most Recent Fiscal Year): $0.80
Trailing P/E Ratio: 39.25
Forward P/E Ratio: 35.28
P/E Growth: 3.4
Net Income: $551 million
Net Margins: 7.16%
Pretax Margin: 9.82%
Return on Equity: 177.34%
Return on Assets: 5.60%

Debt

Debt-to-Equity Ratio: 13.34
Current Ratio: 0.70
Quick Ratio: 0.67

Sales & Book Value

Annual Sales: $5.95 billion
Price / Sales: 2.72
Cash Flow: $1.74 per share
Price / Cash Flow: 18.07
Book Value: $0.33 per share
Price / Book: 95.15

Miscellaneous

Outstanding Shares: 515,993,000
Free Float: 127,915,000
Market Cap: $16.20 billion
Optionable: Optionable
Beta: 1.59

12 Stocks Corporate Insiders are Abandoning

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

Get This Free Report

Key Executives

Mr. Eric Joshua Levin (Age 60)
Exec. VP & CFO
Comp: $2.12M

Mr. Stephen Forbes Cooper (Age 77)
Consultant
Comp: $3.29M

Mr. 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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.
What ETFs hold Warner Music Group's stock?: 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).

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

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

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

Warner Music Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Warner Music Group (NASDAQ:WMG) Stock

WMG Price History

WMG Stock News Headlines

WMG Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

WMG Stock - Frequently Asked Questions

Overall MarketRank^™