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NASDAQ:WMG

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

$28.81
-0.27 (-0.93%)
(As of 05/16/2022 03:59 PM ET)
Add
Compare
Today's Range
$28.77
$29.68
50-Day Range
$25.39
$38.99
52-Week Range
$24.39
$50.23
Volume
27,411 shs
Average Volume
1.73 million shs
Market Capitalization
$14.83 billion
P/E Ratio
40.58
Dividend Yield
2.06%
Beta
1.32
30 days | 90 days | 365 days | Advanced Chart
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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, Germany, 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 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.

Headlines

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Industry, Sector and Symbol

Industry
Amusement & recreation services
Sub-Industry
N/A
Current Symbol
NASDAQ:WMG
Employees
5,900
Year Founded
N/A

Sales & Book Value

Annual Sales
$5.30 billion
Cash Flow
$1.29 per share
Book Value
$0.09 per share

Profitability

Net Income
$304 million
Pretax Margin
10.48%

Debt

Price-To-Earnings

Miscellaneous

Free Float
120,621,000
Market Cap
$14.83 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/1 Dividend
2/17/2022
Dividend Payable
3/01/2022
Last Earnings
5/10/2022
Today
5/16/2022
Ex-Dividend for 6/1 Dividend
5/20/2022
Dividend Payable
6/01/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
9/30/2022

MarketRank

Overall MarketRank

2.52 out of 5 stars

Consumer Discretionary Sector

105th out of 403 stocks

Amusement & Recreation Services Industry

2nd out of 20 stocks

Analyst Opinion: 3.3Community Rank: 3.3Dividend 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?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Warner Music Group in the last year. There are currently 2 sell ratings, 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Warner Music Group stock.
View analyst ratings for Warner Music Group
or view top-rated stocks.

When is Warner Music Group's next earnings date?

Warner Music Group is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Warner Music Group
.

How were Warner Music Group's earnings last quarter?

Warner Music Group Corp. (NASDAQ:WMG) announced its quarterly earnings data on Tuesday, May, 10th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by $0.03. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. Warner Music Group had a net margin of 6.45% and a trailing twelve-month return on equity of 421.73%. Warner Music Group's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.22 EPS.
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 declared a quarterly dividend on Friday, May 13th. Shareholders of record on Monday, May 23rd will be paid a dividend of $0.15 per share on Wednesday, June 1st. This represents a $0.60 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Friday, May 20th.
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 2.06%. Warner Music Group does not yet have a strong track record of dividend growth. The dividend payout ratio of Warner Music Group is 84.51%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Warner Music Group will have a dividend payout ratio of 49.59% next year. This indicates that Warner Music Group will be able to sustain or increase its dividend.
View Warner Music Group's dividend history.

What price target have analysts set for WMG?

12 brokers have issued 1 year target prices for Warner Music Group's stock. Their forecasts range from $37.00 to $53.00. On average, they expect Warner Music Group's stock price to reach $45.50 in the next year. This suggests a possible upside of 57.9% 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 76, Pay $4.12M) (LinkedIn Profile)
  • Mr. Eric Joshua Levin, Exec. VP & CFO (Age 59, Pay $2.24M)
  • Mr. Max Lousada, Chief Exec. Officer of Warner Recorded Music (Age 49, Pay $10.23M) (LinkedIn Profile)
  • Mr. Guy Moot, Co-Chair & CEO of Warner Chappell Music (Age 56, Pay $3.73M)
  • Ms. Carianne Marshall, Co-Chair & COO of Warner Chappell Music (Age 44, Pay $3.21M)
  • Mr. Kareem Chin, Sr. VP & Head of Investor Relations
  • Mr. Paul Martin Robinson Esq., J.D., Exec. VP, Gen. Counsel & Sec. (Age 64)
  • Trent N. Tappe Esq., Sr. VP, Deputy Gen. Counsel & Chief Compliance Officer
  • Mr. James Steven, Exec. VP & Chief Communications Officer (Age 45)
  • Mr. Michael Drexler, VP of Digital Strategy & Corp. Devel.
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 a price of $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 institutional and retail investors. Top institutional shareholders include Sands Capital Management LLC (2.30%), Vanguard Group Inc. (1.96%), BlackRock Inc. (0.85%), Massachusetts Financial Services Co. MA (0.48%), Invesco Ltd. (0.46%) and Allspring Global Investments Holdings LLC (0.45%). Company insiders that own Warner Music Group stock include Ai Entertainment Holdings Llc, Lincoln E Benet, 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 UBS Group AG, First Trust Advisors LP, Zeno Research LLC, Ferguson Wellman Capital Management Inc., Renaissance Technologies LLC, William Blair Investment Management LLC, Eidelman Virant Capital, and Lord Abbett & CO. LLC. Company insiders that have sold Warner Music Group company stock in the last year include Ai Entertainment Holdings Llc, Lincoln E Benet, and Max Lousada.
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 Allspring Global Investments Holdings LLC, Vanguard Group Inc., Assenagon Asset Management S.A., Retirement Systems of Alabama, JPMorgan Chase & Co., Bank of Montreal Can, Sands Capital Management LLC, and Stephens Investment Management Group LLC.
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 $28.81.

How much money does Warner Music Group make?

Warner Music Group has a market capitalization of $14.83 billion and generates $5.30 billion in revenue each year. The company earns $304 million in net income (profit) each year or $0.71 on an earnings per share basis.

How many employees does Warner Music Group have?

Warner Music Group employs 5,900 workers across the globe.

What is Warner Music Group's official website?

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

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 phone at 212-275-2000, via email at [email protected], or via fax at 212-757-3985.

This page was last updated on 5/16/2022 by MarketBeat.com Staff

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