Warner Music Group (WMG) Projected to Post Quarterly Earnings on Thursday

Warner Music Group (NASDAQ:WMG - Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect Warner Music Group to post earnings of $0.34 per share and revenue of $1.66 billion for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Warner Music Group (NASDAQ:WMG - Get Free Report) last released its earnings results on Thursday, November 21st. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.20). The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.59 billion. Warner Music Group had a net margin of 6.77% and a return on equity of 69.29%. The business's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 earnings per share. On average, analysts expect Warner Music Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Warner Music Group Trading Up 3.4 %

Shares of WMG traded up $1.09 on Thursday, reaching $32.57. 616,804 shares of the company's stock were exchanged, compared to its average volume of 1,888,259. Warner Music Group has a 12 month low of $27.06 and a 12 month high of $38.05. The stock has a market capitalization of $16.87 billion, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 0.89 and a beta of 1.35. The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 5.95. The business has a 50 day moving average price of $31.19 and a two-hundred day moving average price of $30.76.

Warner Music Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 19th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Tuesday, November 19th. Warner Music Group's payout ratio is 86.75%.

Wall Street Analyst Weigh In

A number of research firms recently commented on WMG. Guggenheim dropped their price objective on Warner Music Group from $44.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on shares of Warner Music Group from $41.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. Evercore ISI decreased their price target on shares of Warner Music Group from $36.00 to $35.00 and set an "outperform" rating for the company in a report on Thursday, January 9th. Loop Capital reduced their target price on Warner Music Group from $38.00 to $35.00 and set a "hold" rating on the stock in a report on Monday, November 25th. Finally, Macquarie reiterated a "neutral" rating and set a $30.00 price objective on shares of Warner Music Group in a report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $35.31.

Insider Activity

In other Warner Music Group news, Director Lincoln E. Benet sold 35,000 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $30.96, for a total transaction of $1,083,600.00. Following the completion of the sale, the director now directly owns 242,360 shares in the company, valued at $7,503,465.60. This trade represents a 12.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 73.35% of the stock is owned by insiders.

Warner Music Group Company Profile

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.