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NASDAQ:WMG

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

Warner Music Group logo
$32.11
-0.10 (-0.31%)
(As of 11/4/2024 ET)

About Warner Music Group Stock (NASDAQ:WMG)

Key Stats

Today's Range
$32.00
$32.38
50-Day Range
$27.60
$32.41
52-Week Range
$27.06
$38.05
Volume
1.15 million shs
Average Volume
1.83 million shs
Market Capitalization
$16.63 billion
P/E Ratio
30.88
Dividend Yield
2.24%
Price Target
$36.17
Consensus Rating
Hold

Company Overview

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.

Warner Music Group Stock Analysis - MarketRank™

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94th Percentile Overall Score

WMG MarketRank™: 

Warner Music Group scored higher than 94% of companies evaluated by MarketBeat, and ranked 23rd out of 294 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Warner Music Group has received a consensus rating of Hold. The company's average rating score is 2.42, and is based on 7 buy ratings, 3 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Warner Music Group has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Warner Music Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Warner Music Group are expected to grow by 34.29% in the coming year, from $1.05 to $1.41 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Warner Music Group is 30.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.38.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Warner Music Group is 30.88, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.06.

  • Price to Earnings Growth Ratio

    Warner Music Group has a PEG Ratio of 1.03. PEG Ratios around 1 indicate that a company is correctly valued.

  • Price to Book Value per Share Ratio

    Warner Music Group has a P/B Ratio of 38.69. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Warner Music Group's valuation and earnings.
  • Percentage of Shares Shorted

    2.11% of the outstanding shares of Warner Music Group have been sold short.
  • Short Interest Ratio / Days to Cover

    Warner Music Group has a short interest ratio ("days to cover") of 6.1.
  • Change versus previous month

    Short interest in Warner Music Group has recently decreased by 16.31%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Warner Music Group pays a meaningful dividend of 2.25%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Warner Music Group does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Warner Music Group is 69.23%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Warner Music Group will have a dividend payout ratio of 51.06% next year. This indicates that Warner Music Group will be able to sustain or increase its dividend.

  • Read more about Warner Music Group's dividend.
  • Percentage of Shares Shorted

    2.11% of the outstanding shares of Warner Music Group have been sold short.
  • Short Interest Ratio / Days to Cover

    Warner Music Group has a short interest ratio ("days to cover") of 6.1.
  • Change versus previous month

    Short interest in Warner Music Group has recently decreased by 16.31%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Warner Music Group has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Warner Music Group this week, compared to 6 articles on an average week.
  • MarketBeat Follows

    Only 4 people have added Warner Music Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Warner Music Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $17,628,757.00 in company stock.

  • Percentage Held by Insiders

    73.35% of the stock of Warner Music Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    96.88% of the stock of Warner Music Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Warner Music Group's insider trading history.
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WMG Stock News Headlines

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Warner Music Group Corp. (NASDAQ:WMG) Short Interest Update
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WMG Stock Analysis - Frequently Asked Questions

Warner Music Group's stock was trading at $35.79 at the beginning of the year. Since then, WMG stock has decreased by 10.3% and is now trading at $32.11.
View the best growth stocks for 2024 here
.

Warner Music Group Corp. (NASDAQ:WMG) issued its quarterly earnings data on Wednesday, August, 7th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The company earned $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. Warner Music Group had a trailing twelve-month return on equity of 101.32% and a net margin of 8.56%.

Warner Music Group (WMG) raised $1.7 billion in an 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.

Warner Music Group's top institutional investors include Stephens Investment Management Group LLC (0.42%), E. Ohman J or Asset Management AB (0.21%), Perpetual Ltd (0.10%) and Raymond James & Associates (0.07%). Insiders that own company stock include Max Lousada, Lincoln E Benet and Ai Entertainment Holdings Llc.
View institutional ownership trends
.

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.
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Based on aggregate information from My MarketBeat watchlists, some other companies that Warner Music Group investors own include American Water Works (AWK), Waste Connections (WCN), AUO (AUOTY), DiamondRock Hospitality (DRH), The RMR Group (RMR), iShares Micro-Cap ETF (IWC) and Humana (HUM).

Company Calendar

Last Earnings
8/07/2024
Ex-Dividend for 9/4 Dividend
8/27/2024
Dividend Payable
9/04/2024
Today
11/04/2024
Next Earnings (Confirmed)
11/21/2024
Fiscal Year End
9/30/2025

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
$36.17
High Stock Price Target
$45.00
Low Stock Price Target
$23.00
Potential Upside/Downside
+12.6%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
12 Analysts

Profitability

Net Income
$430 million
Pretax Margin
11.94%

Debt

Sales & Book Value

Annual Sales
$6.38 billion
Cash Flow
$1.72 per share
Book Value
$0.83 per share

Miscellaneous

Free Float
138,025,000
Market Cap
$16.63 billion
Optionable
Optionable
Beta
1.37
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This page (NASDAQ:WMG) was last updated on 11/4/2024 by MarketBeat.com Staff
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