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S&P 500   4,282.37
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Saudi Arabia to cut oil output by 1 million barrels per day to boost slumping prices
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia to cut oil output by 1 million barrels per day to boost slumping prices
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia to cut oil output by 1 million barrels per day to boost slumping prices
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
NASDAQ:WMG

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

$24.34
-0.05 (-0.21%)
(As of 06/2/2023 ET)
Compare
Today's Range
$23.97
$24.46
50-Day Range
$24.27
$33.56
52-Week Range
$21.57
$38.76
Volume
2.76 million shs
Average Volume
2.37 million shs
Market Capitalization
$12.56 billion
P/E Ratio
30.05
Dividend Yield
2.63%
Price Target
$37.09

Warner Music Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
46.8% Upside
$35.73 Price Target
Short Interest
Healthy
0.47% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.37mentions of Warner Music Group in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
59.72%
From $0.72 to $1.15 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.92 out of 5 stars

Consumer Discretionary Sector

18th out of 269 stocks

Amusement & Recreation Services Industry

1st out of 13 stocks


WMG stock logo

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.

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WMG Stock News Headlines

Where Warner Music Gr Stands With Analysts
[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!
[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!
Citi Keeps Their Hold Rating on Warner Music Group (WMG)
JMP Securities Remains a Buy on Warner Music Group (WMG)
Barclays Sticks to Its Hold Rating for Warner Music Group (WMG)
See More Headlines

WMG Price History

WMG Company Calendar

Last Earnings
5/09/2023
Ex-Dividend for 6/1 Dividend
5/22/2023
Dividend Payable
6/01/2023
Today
6/04/2023
Next Earnings (Estimated)
8/08/2023
Fiscal Year End
9/30/2023

Industry, Sector and Symbol

Industry
Amusement & recreation services
Sub-Industry
N/A
Current Symbol
NASDAQ:WMG
Employees
6,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$35.73
High Stock Price Forecast
$43.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+52.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$551 million
Pretax Margin
9.99%

Debt

Sales & Book Value

Annual Sales
$5.92 billion
Cash Flow
$1.73 per share
Book Value
$0.52 per share

Miscellaneous

Free Float
127,910,000
Market Cap
$12.56 billion
Optionable
Optionable
Beta
1.60

Key Executives

  • Mr. Stephen Forbes CooperMr. Stephen Forbes Cooper (Age 77)
    CEO & Director
    Comp: $4.12M
  • Mr. Eric Joshua Levin (Age 60)
    Exec. VP & CFO
    Comp: $2.24M
  • Mr. Max  LousadaMr. Max Lousada (Age 50)
    Chief Exec. Officer of Warner Recorded Music
    Comp: $10.23M
  • Mr. Guy Moot (Age 57)
    Co-Chair & CEO of Warner Chappell Music
    Comp: $3.73M
  • Ms. Carianne Marshall (Age 45)
    Co-Chair & COO of Warner Chappell Music
    Comp: $3.21M
  • Mr. Kareem Chin
    Sr. VP & Head of Investor Relations
  • Mr. Paul Martin Robinson Esq. (Age 65)
    J.D., Exec. VP, Gen. Counsel & Sec.
  • Trent N. Tappe Esq.
    Sr. VP, Deputy Gen. Counsel & Chief Compliance Officer
  • Mr. James Steven (Age 46)
    Exec. VP & Chief Communications Officer
  • Mr. Michael Drexler
    VP of Digital Strategy & Corp. Devel.













WMG Stock - Frequently Asked Questions

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

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Warner Music Group in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WMG shares.
View WMG analyst ratings
or view top-rated stocks.

What is Warner Music Group's stock price forecast for 2023?

11 Wall Street analysts have issued 1-year price targets for Warner Music Group's shares. Their WMG share price forecasts range from $26.00 to $43.00. On average, they expect the company's share price to reach $35.73 in the next year. This suggests a possible upside of 46.8% 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 beginning of 2023. Since then, WMG shares have decreased by 30.5% and is now trading at $24.34.
View the best growth stocks for 2023 here
.

Are investors shorting Warner Music Group?

Warner Music Group saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 2,440,000 shares, a decline of 23.3% from the April 30th total of 3,180,000 shares. Based on an average daily trading volume, of 1,540,000 shares, the days-to-cover ratio is currently 1.6 days.
View Warner Music Group's Short Interest
.

When is Warner Music Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our WMG earnings forecast
.

How were Warner Music Group's earnings last quarter?

Warner Music Group Corp. (NASDAQ:WMG) announced its earnings results on Tuesday, May, 9th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.20 by $0.14. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.37 billion. Warner Music Group had a net margin of 7.36% and a trailing twelve-month return on equity of 192.79%. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 earnings per share.

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, May 12th. Shareholders of record on Tuesday, May 23rd will be paid a dividend of $0.16 per share on Thursday, June 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Monday, May 22nd.
Read our dividend analysis for WMG
.

Is Warner Music Group a good dividend stock?

Warner Music Group (NASDAQ:WMG) pays an annual dividend of $0.64 per share and currently has a dividend yield of 2.63%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 79.01%. 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 55.65% 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 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."

Who are Warner Music Group's major shareholders?

Warner Music Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (3.41%), Sands Capital Management LLC (1.99%), BlackRock Inc. (1.07%), Caledonia Private Investments Pty Ltd (1.06%), Jackson Square Partners LLC (0.78%) and Southeastern Asset Management Inc. TN (0.43%). Insiders that own company stock include Ai Entertainment Holdings Llc, Lincoln E Benet, Max Lousada and Stephen Forbes Cooper.
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 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 $24.34.

How much money does Warner Music Group make?

Warner Music Group (NASDAQ:WMG) has a market capitalization of $12.56 billion and generates $5.92 billion in revenue each year. The company earns $551 million in net income (profit) each year or $0.81 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 6/4/2023 by MarketBeat.com Staff

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