S&P 500   4,574.79
DOW   35,756.88
QQQ   379.12
S&P 500   4,574.79
DOW   35,756.88
QQQ   379.12
S&P 500   4,574.79
DOW   35,756.88
QQQ   379.12
S&P 500   4,574.79
DOW   35,756.88
QQQ   379.12
NASDAQ:WMG

Warner Music Group Stock Forecast, Price & News

$47.67
-0.12 (-0.25 %)
(As of 10/26/2021 04:00 PM ET)
Add
Compare
Today's Range
$47.39
$48.25
50-Day Range
$34.90
$47.69
52-Week Range
$25.61
$48.90
Volume302,195 shs
Average Volume810,746 shs
Market Capitalization$24.52 billion
P/E Ratio91.67
Dividend Yield1.26%
Beta1.27
30 days | 90 days | 365 days | Advanced Chart
Receive WMG 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.


Warner Music Group logo

About Warner Music Group

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, 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 the related marketing, promotion, distribution, sale, and licensing of music created by such artists. This segment also specializes in marketing its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials. It 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, Elektra, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin', 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 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 80,000 songwriters and composers; and a range of genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, techno, 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. Warner Music Group Corp. is a subsidiary of AI Entertainment Holdings LLC.

Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Amusement & recreation services
Sub-Industry
N/A
Current Symbol
NASDAQ:WMG
Phone
N/A
Employees
4,520
Year Founded
N/A

Sales & Book Value

Annual Sales
$4.46 billion
Book Value
($0.09) per share

Profitability

Net Income
$-475 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$24.52 billion
Next Earnings Date
11/22/2021 (Estimated)
Optionable
Optionable

MarketRank

Overall MarketRank

2.47 out of 5 stars

Consumer Discretionary Sector

88th out of 385 stocks

Amusement & Recreation Services Industry

2nd out of 20 stocks

Analyst Opinion: 2.3Community Rank: 4.0Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -












Warner Music Group (NASDAQ:WMG) Frequently Asked Questions

Is Warner Music Group a buy right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Warner Music Group in the last twelve months. There are currently 1 sell rating, 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Warner Music Group stock.
View analyst ratings for Warner Music Group
or view top-rated stocks.

What stocks does MarketBeat like better than Warner Music Group?

Wall Street analysts have given Warner Music Group a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Warner Music Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Warner Music Group?

Warner Music Group saw a increase in short interest in September. As of September 15th, there was short interest totaling 4,700,000 shares, an increase of 32.4% from the August 31st total of 3,550,000 shares. Based on an average trading volume of 713,400 shares, the days-to-cover ratio is presently 6.6 days. Approximately 4.7% of the company's shares are sold short.
View Warner Music Group's Short Interest
.

When is Warner Music Group's next earnings date?

Warner Music Group is scheduled to release its next quarterly earnings announcement on Monday, November 22nd 2021.
View our earnings forecast for Warner Music Group
.

How were Warner Music Group's earnings last quarter?

Warner Music Group Corp. (NASDAQ:WMG) issued its quarterly earnings data on Monday, August, 2nd. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The company earned $1.34 billion during the quarter, compared to the consensus estimate of $1.20 billion. Warner Music Group had a net margin of 5.44% and a trailing twelve-month return on equity of 1,558.97%. The company's revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.94) earnings per share.
View Warner Music Group's earnings history
.

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 Friday, August 13th. Stockholders of record on Wednesday, August 25th will be paid a dividend of $0.15 per share on Wednesday, September 1st. This represents a $0.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, August 24th. This is a positive change from Warner Music Group's previous quarterly dividend of $0.12.
View Warner Music Group's dividend history
.

Is Warner Music Group a good dividend stock?

Warner Music Group pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.26%.
View Warner Music Group's dividend history.

What price target have analysts set for WMG?

9 equities research analysts have issued 12-month price objectives for Warner Music Group's stock. Their forecasts range from $39.00 to $53.00. On average, they expect Warner Music Group's share price to reach $48.29 in the next twelve months. This suggests a possible upside of 1.3% from the stock's current price.
View analysts' price targets for Warner Music Group
or view top-rated stocks among Wall Street analysts.

Who are Warner Music Group's key executives?

Warner Music Group's management team includes the following people:
  • Mr. Stephen Forbes Cooper, CEO & Director (Age 75, Pay $15.97M)
  • Mr. Eric Joshua Levin, Exec. VP & CFO (Age 58, Pay $9.75M)
  • Mr. Paul Martin Robinson Esq., J.D., Exec. VP, Gen. Counsel & Sec. (Age 63, Pay $5.25M)
  • Mr. Max Lousada, Chief Exec. Officer of Warner Recorded Music (Age 48, Pay $8.71M)
  • Mr. Guy Moot, Co-Chair & CEO of Warner Chappell Music (Age 55, Pay $4.01M)
  • Mr. Kareem Chin, Sr. VP & Head of Investor Relations
  • Trent N. Tappe Esq., Sr. VP, Deputy Gen. Counsel & Chief Compliance Officer
  • Mr. James Steven, Exec. VP & Chief Communications Officer (Age 44)
  • Mr. Michael Drexler, VP of Digital Strategy & Corp. Devel.
  • Ms. Maria Osherova, Exec. VP & Chief People Officer (Age 56)

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 served 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 a variety of retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (0.18%), Ferguson Wellman Capital Management Inc. (0.07%), Eidelman Virant Capital (0.03%), United Asset Strategies Inc. (0.03%), TCW Group Inc. (0.02%) and Sumitomo Mitsui DS Asset Management Company Ltd (0.02%). Company insiders that own Warner Music Group stock include Ai Entertainment Holdings Llc, Max Lousada and Stephen Forbes Cooper.
View institutional ownership trends for Warner Music Group
.

Which institutional investors are selling Warner Music Group stock?

WMG stock was sold by a variety of institutional investors in the last quarter, including TCW Group Inc., Eidelman Virant Capital, Sumitomo Mitsui Trust Holdings Inc., and Sumitomo Life Insurance Co.. Company insiders that have sold Warner Music Group company stock in the last year include Ai Entertainment Holdings Llc, Max Lousada, and Stephen Forbes Cooper.
View insider buying and selling activity for Warner Music Group
or view top insider-selling stocks.

Which institutional investors are buying Warner Music Group stock?

WMG stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Sumitomo Mitsui DS Asset Management Company Ltd, Ferguson Wellman Capital Management Inc., and United Asset Strategies Inc..
View insider buying and selling activity for Warner Music Group
or or view top insider-buying stocks.

How do I buy shares of Warner Music Group?

Shares of WMG 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 $47.67.

How much money does Warner Music Group make?

Warner Music Group has a market capitalization of $24.52 billion and generates $4.46 billion in revenue each year. The company earns $-475 million in net income (profit) each year or ($0.65) on an earnings per share basis.

How many employees does Warner Music Group have?

Warner Music Group employs 4,520 workers across the globe.

What is Warner Music Group's official website?

The official website for Warner Music Group is www.wmg.com.

Where are Warner Music Group's headquarters?

Warner Music Group is headquartered at 1633 BROADWAY, NEW YORK NY, 10019.

How can I contact Warner Music Group?

Warner Music Group's mailing address is 1633 BROADWAY, NEW YORK NY, 10019. The company can be reached via email at [email protected].


This page was last updated on 10/27/2021 by MarketBeat.com Staff

Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.