Warner Music Group/WMG

$32.97

-0.42%
-
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About Warner Music Group

Warner Music Group Corp. is a music entertainment company. The Company's record labels include Atlantic Records, Warner Records, Elektra Records and Parlophone Records. The Company's segments include recorded music and music publishing. The recorded music segment consists of the discovery and development of recording artists and the related marketing, promotion, distribution, sale and licensing of music created by such recording artists. In the United States, its recorded music business is conducted principally through its record labels - Atlantic Records and Warner Records. The music publishing segment is engaged in the intellectual property business, which is conducted principally through Warner Chappell Music, its global music publishing company. Warner Chappell Music also administers the music and soundtracks of several third-party television and film producers and studios. The Company has a production music catalog collectively branded as Warner Chappell Production Music.

Ticker

WMG

Sector

Consumer Cyclicals

Trading on

NASDAQ

Industry

Business Services

CEO

Robert Kyncl

Employees

5,900

Headquarters

New york, United States

WMG Metrics

BasicAdvanced
$17.25B
Market cap
37.36
P/E ratio
$0.89
EPS
1.42
Beta
$0.66
Dividend rate
2.04%
Dividend yield
$17.25B
1.41694
$38.05
$23.62
1.5M
$0.66
0.699
0.67
864.795
864.795
75%
95.154
6.23%
5.93%
125.51%
10.29%
37.362
2.739
37.237
114.208
1.98%
2.04%
8.7%
-4.2%
10.59%

What the Analysts think about WMG

Analyst Ratings

Majority rating from 17 analysts.
Buy

Price Targets

Average projection from 15 analysts.
14.44% upside
High $45.00
Low $21.00
$32.97
Current price
$37.73
Average price target

WMG Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
9.09% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$1.75B
10.21%
Net income
$159M
4.61%
Profit margin
9.09%
-5.11%

WMG Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 23.8%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.06
$0.23
$0.34
$0.33
-
Expected
$0.18
$0.20
$0.25
$0.43
$0.25
Surprise
-66.68%
15.8%
34.34%
-23.8%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Warner Music Group stock?

Warner Music Group (WMG) has a market cap of $17.25B as of April 19, 2024.

What is the P/E ratio for Warner Music Group stock?

The price to earnings (P/E) ratio for Warner Music Group (WMG) stock is 37.36 as of April 19, 2024.

Does Warner Music Group stock pay dividends?

Yes, the Warner Music Group (WMG) stock pays dividends to shareholders. As of April 19, 2024, the dividend rate is $0.66 and the yield is 2.04%. Warner Music Group has a payout ratio of 75% on a trailing twelve-month basis.

When is the next Warner Music Group dividend payment date?

The next Warner Music Group (WMG) dividend payment date is unconfirmed.

What is the beta indicator for Warner Music Group?

Warner Music Group (WMG) has a beta rating of 1.42. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Warner Music Group stock price target?

The target price for Warner Music Group (WMG) stock is $37.73, which is 14.44% above the current price of $32.97. This is an average based on projections from 15 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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