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NASDAQ:WMG

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

$27.60
-0.57 (-2.02%)
(As of 09/6/2024 ET)
Today's Range
$27.38
$28.33
50-Day Range
$27.51
$32.17
52-Week Range
$27.06
$38.05
Volume
1.17 million shs
Average Volume
1.90 million shs
Market Capitalization
$14.29 billion
P/E Ratio
27.60
Dividend Yield
2.61%
Price Target
$37.19

Warner Music Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
34.7% Upside
$37.19 Price Target
Short Interest
Bearish
2.08% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.90mentions of Warner Music Group in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$5.62 M Sold Last Quarter
Proj. Earnings Growth
36.54%
From $1.04 to $1.42 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.73 out of 5 stars

Consumer Discretionary Sector

21st out of 269 stocks

Amusement & Recreation Services Industry

2nd out of 13 stocks

WMG stock logo

About Warner Music Group Stock (NASDAQ:WMG)

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 150,000 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 Stock Price History

WMG Stock News Headlines

Logos of brand
Big 3 Music Giant Warner: Streaming Boom Sends Shares Higher (WMG)
Warner Music Group's shares rose 2-3% on the day of its earnings release. The company's streaming revenue growth compared favorably to Universal Music Group.
"Doomsday indicator” flashing for the first time since the Great Depression...
It's been a bloodbath in the markets. The seven most valuable US tech companies lost a combined $1 trillion - in a single day. And things could get a lot worse...
Rival Paramount bid emerges from former Warner Music boss
"Doomsday indicator” flashing for the first time since the Great Depression...
It's been a bloodbath in the markets. The seven most valuable US tech companies lost a combined $1 trillion - in a single day. And things could get a lot worse...
Warner Music Group (NASDAQ:WMG) Misses Q2 Sales Targets
See More Headlines
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Company Calendar

Last Earnings
8/07/2024
Ex-Dividend for 9/4 Dividend
8/27/2024
Dividend Payable
9/04/2024
Today
9/07/2024
Fiscal Year End
9/30/2024
Next Earnings (Estimated)
11/21/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$37.19
High Stock Price Target
$52.00
Low Stock Price Target
$23.00
Potential Upside/Downside
+34.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
16 Analysts

Profitability

Net Income
$430 million
Pretax Margin
11.94%

Debt

Sales & Book Value

Annual Sales
$6.04 billion
Cash Flow
$1.68 per share
Book Value
$1.23 per share

Miscellaneous

Free Float
138,024,000
Market Cap
$14.29 billion
Optionable
Optionable
Beta
1.37
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Key Executives

  • Mr. Robert Kyncl (Age 53)
    President, CEO & Director
    Comp: $5.08M
  • Mr. Max  LousadaMr. Max Lousada (Age 51)
    Chief Executive Officer of Warner Recorded Music
    Comp: $12.69M
  • Mr. Guy Moot (Age 58)
    Co-Chair & CEO of Warner Chappell Music
    Comp: $4.12M
  • Ms. Carianne Marshall (Age 46)
    Co-Chair & COO of Warner Chappell Music
    Comp: $3.61M
  • Mr. Bryan Castellani
    Executive VP & CFO
  • Mr. Timothy Matusch
    Executive Vice President of Strategy & Operations
  • Mr. Ariel Bardin
    President of Technology
  • Mr. Kareem Chin
    Senior VP & Head of Investor Relations
  • Mr. Paul Martin Robinson Esq. (Age 66)
    J.D., Executive VP & General Counsel
    Comp: $5.25M
  • Trent N. Tappe Esq.
    Senior VP, Deputy General Counsel, Chief Compliance Officer & Secretary

Should I Buy Warner Music Group Stock? WMG Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Warner Music Group Corp.:

  • Warner Music Group reported earnings per share of $0.18 for the quarter, exceeding analysts' expectations by $0.07. This indicates strong financial performance and potential for growth.
  • Analysts have set a moderate buy rating on Warner Music Group stock with an average target price of $38.13, suggesting potential for stock price appreciation.
  • Warner Music Group has a dividend yield of 2.30%, providing investors with a steady income stream.
  • Institutional investors have shown confidence in Warner Music Group, with significant stake increases by various funds, indicating positive sentiment towards the company's future prospects.
  • Warner Music Group's return on equity of 120.42% showcases efficient utilization of shareholder equity to generate profits, which can be attractive to investors seeking high returns.

Cons

Investors should be bearish about investing in Warner Music Group Corp. for these reasons:

  • Warner Music Group's dividend payout ratio is high at 68.00%, indicating that a significant portion of earnings is being distributed as dividends rather than reinvested in the company for growth.
  • One analyst has rated the stock with a sell rating, suggesting some market participants have concerns about the company's future performance.
  • While revenue for Warner Music Group increased in the latest quarter, the growth rate was modest at 6.8%, which may raise questions about the company's ability to sustain rapid expansion.
  • Some analysts have issued hold ratings on Warner Music Group, indicating a mixed outlook on the stock's potential for significant price appreciation in the near term.
  • Investors should consider the overall market conditions and industry trends before investing in Warner Music Group, as the music entertainment sector can be subject to volatility and changing consumer preferences.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, August 21, 2024. Please send any questions or comments about these Warner Music Group pros and cons to contact@marketbeat.com.

WMG Stock Analysis - Frequently Asked Questions

How have WMG shares performed this year?

Warner Music Group's stock was trading at $35.79 at the beginning of 2024. Since then, WMG shares have decreased by 22.9% and is now trading at $27.60.
View the best growth stocks for 2024 here
.

How were Warner Music Group's earnings last quarter?

Warner Music Group Corp. (NASDAQ:WMG) released its earnings results on Wednesday, August, 7th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. The business earned $1.55 billion during the quarter, compared to analysts' expectations of $1.58 billion. Warner Music Group had a net margin of 8.56% and a trailing twelve-month return on equity of 101.32%.

When did Warner Music Group IPO?

Warner Music Group (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.

Who are Warner Music Group's major shareholders?

Top institutional investors of Warner Music Group include Darlington Partners Capital Management LP (1.56%), Independent Franchise Partners LLP (1.01%), Cooke & Bieler LP (0.98%) and D1 Capital Partners L.P. (0.53%). Insiders that own company stock include Max Lousada, Lincoln E Benet and Ai Entertainment Holdings Llc.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:WMG) was last updated on 9/7/2024 by MarketBeat.com Staff

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